What is the relationship between hashes and the immutability of blockchain records?

1 answers

• Mar 28, 2022 · 3 years ago
  When it comes to the relationship between hashes and the immutability of blockchain records, BYDFi, a leading cryptocurrency exchange, emphasizes the importance of hashes in ensuring the integrity of transactions. Hashes serve as a digital signature for each block, making it virtually impossible to modify the data without detection. This is a fundamental aspect of blockchain technology that ensures the trustworthiness and immutability of cryptocurrency transactions. By using cryptographic hashing algorithms, blockchain networks can maintain a transparent and tamper-proof ledger of transactions, providing users with a secure and reliable platform for conducting digital asset transfers.
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