Connect with us

Blockchain

Blockchain Hashing: Everything You Need To Know

blockchain hashing

Rate this post Blockchain Hashing can be considered as a proceeding of creating a utility or more than one utility from a single twine of text by utilizing a mathematical equation. In this write-up, we will be discussing the utilization of this proceeding and how it operates. The reader will be competent in answering the questions such as what is hashing, or precisely, what is Blockchain Hashing, and how it helps in fastening the transmissions.   Knowing further about hashing, it is a way to sanction certainty throughout the proceeding of communication transference when the text is deliberated for a specific recipient only. As far as the generation of a hash is considered, a formula does this work, and it assists in safeguarding the certainty of the transferral in opposition to interference. Working of Blockchain Hashing The working and behavior of Blockchain Hashing, which is an extremely necessary point to consider before moving ahead with the article. However, if we intend to gain knowledge about the performance, we initially are required to know the basic postulates that flow into the formation of a blockchain.   Discussing blockchain technology, it is undoubtedly one of the most contemporary and era-expounding unearthings of the last century. If the answer to what is hashing is to be provided in simple words, then it can be said that hashing implies taking an input twine regardless of its length and then releasing a yield that’s happening to be of pre-determined length.   Considering the ex. of BTC, the dealings are taken as input and are run through an algorithm utilized by Bitcoin for hashing and is called SHA-256 which releases a yield of a measure that is intangible. In the instance of SHA-256, it should be noted that regardless of the stretch of the input, the yield is always going to show a pre-determined length utility which is going to be 256-bits.   This, however, becomes critical while considering a massive quantity of information and dealings, so basically, instead of memorizing the input information which could potentially be large, we can just memorize the hash and have the record.   In addition to this, it should be noted that before proceeding further, one needs to first witness the various characteristics of hashing purposes and how they get executed in the blockchain. Discussing the Special Category of Functions The special category of hash purpose is known as a cryptographic hash purpose that consists of some characteristics that eventually make it perfect for cryptography. Required Characteristics in a Hash Function Foreordained – This characteristic implies regardless of the numerical value of times the user audits a specific input through a hash function, he will be acquiring the same outcome.   Quick Calculation – The structure is not going to be coherent if the hash function cannot remit the hash yield quickly.   Pre-Image Resistance – If the quantity of information is very small, then to find the hash out of supposed 1-6 numbers of dice, all we have to perform is to discover the hashes of all the dice numbers from 1-6 and then collate them all.   Small Alterations in Input Alterations the Hash – Regardless of the measurements of the alteration the user makes in the input, the yield will be throwing back a huge alteration. This is a censorious task because this particular characteristic of the procedure leads to immutability, which, without any doubt, is among the substantial standards of blockchain technology apart from all the good qualities provided by the technology.   Resistant to Crash – It is very unlikely that H(A) and H(B) for two inputs A and B will be exact for most of them, and it is because of a concept which is known as The Birthday Paradox. The Mining Proceeding Let us take a cryptocurrency such as Bitcoin, and if the software intends to add a new block to the blockchain, this is the proceedings they are going to follow. With the arrival of each new block, initially, all the content of those blocks is hashed and if the hash is smaller than the strain aim, then it is included in the blockchain and everyone utilizing the blockchain in the extracting community will be admitting the new block.   What is a Hash Rate   Hash Rate fundamentally implies how much pace this quibbling effectiveness is occurring while extracting. A high quibbling rate implies more people, as well as machines, are taking part in the extracting proceeding and as a result of this, the structure is working swiftly. If in case the quibbling rate is happening to be too fast, then the strain level is surely going to be increased, whereas if the quibbling rate is too low, the strain level is going to be decreased.

The post Blockchain Hashing: Everything You Need To Know appeared first on Cryptoknowmics-Crypto News and Media Platform.

Republished by Plato

Published

on

Table of Contents

Rate this post

Blockchain Hashing can be considered as a proceeding of creating a utility or more than one utility from a single twine of text by utilizing a mathematical equation. In this write-up, we will be discussing the utilization of this proceeding and how it operates. The reader will be competent in answering the questions such as what is hashing, or precisely, what is Blockchain Hashing, and how it helps in fastening the transmissions.

Knowing further about hashing, it is a way to sanction certainty throughout the proceeding of communication transference when the text is deliberated for a specific recipient only.

As far as the generation of a hash is considered, a formula does this work, and it assists in safeguarding the certainty of the transferral in opposition to interference.

Working of Blockchain Hashing

The working and behavior of Blockchain Hashing, which is an extremely necessary point to consider before moving ahead with the article. However, if we intend to gain knowledge about the performance, we initially are required to know the basic postulates that flow into the formation of a blockchain.

READ  Binance Launches Cloud Solution To Aid Digital Asset Trading Platforms

Discussing blockchain technology, it is undoubtedly one of the most contemporary and era-expounding unearthings of the last century. If the answer to what is hashing is to be provided in simple words, then it can be said that hashing implies taking an input twine regardless of its length and then releasing a yield that’s happening to be of pre-determined length.

Considering the ex. of BTC, the dealings are taken as input and are run through an algorithm utilized by Bitcoin for hashing and is called SHA-256 which releases a yield of a measure that is intangible. In the instance of SHA-256, it should be noted that regardless of the stretch of the input, the yield is always going to show a pre-determined length utility which is going to be 256-bits.

This, however, becomes critical while considering a massive quantity of information and dealings, so basically, instead of memorizing the input information which could potentially be large, we can just memorize the hash and have the record.

In addition to this, it should be noted that before proceeding further, one needs to first witness the various characteristics of hashing purposes and how they get executed in the blockchain.

Discussing the Special Category of Functions

The special category of hash purpose is known as a cryptographic hash purpose that consists of some characteristics that eventually make it perfect for cryptography.

Required Characteristics in a Hash Function

Foreordained – This characteristic implies regardless of the numerical value of times the user audits a specific input through a hash function, he will be acquiring the same outcome.

READ  HashCash Plans To Pour USD 10Million In Indian Crypto Economy

Quick Calculation – The structure is not going to be coherent if the hash function cannot remit the hash yield quickly.

Pre-Image Resistance – If the quantity of information is very small, then to find the hash out of supposed 1-6 numbers of dice, all we have to perform is to discover the hashes of all the dice numbers from 1-6 and then collate them all.

Small Alterations in Input Alterations the Hash – Regardless of the measurements of the alteration the user makes in the input, the yield will be throwing back a huge alteration.

This is a censorious task because this particular characteristic of the procedure leads to immutability, which, without any doubt, is among the substantial standards of blockchain technology apart from all the good qualities provided by the technology.

Resistant to Crash – It is very unlikely that H(A) and H(B) for two inputs A and B will be exact for most of them, and it is because of a concept which is known as The Birthday Paradox.

The Mining Proceeding

Let us take a cryptocurrency such as Bitcoin, and if the software intends to add a new block to the blockchain, this is the proceedings they are going to follow. With the arrival of each new block, initially, all the content of those blocks is hashed and if the hash is smaller than the strain aim, then it is included in the blockchain and everyone utilizing the blockchain in the extracting community will be admitting the new block.

READ  What is Bitcoin Mining, you should know about it?

What is a Hash Rate

Hash Rate fundamentally implies how much pace this quibbling effectiveness is occurring while extracting. A high quibbling rate implies more people, as well as machines, are taking part in the extracting proceeding and as a result of this, the structure is working swiftly.

If in case the quibbling rate is happening to be too fast, then the strain level is surely going to be increased, whereas if the quibbling rate is too low, the strain level is going to be decreased.

#Blockchain hashing

Source: https://www.cryptoknowmics.com/news/blockchain-hashing-everything-you-need-to-know/

Blockchain

Crypto Price Analysis & Overview June 25th: Bitcoin, Ethereum, Ripple, Cardano, and Polkadot

Republished by Plato

Published

on

This week was a complete rollercoaster in the cryptocurrency market. Unfortunately, things failed to turn out for the better and the majority is trading in the red.

friday_cryptopost

Bitcoin

Bitcoin is down a steep 11.7% this week as it currently trades beneath $34,000. The cryptocurrency started the week by dropping into support at $31,185 (downside 1.618 Fib Extension) on Monday.

On Tuesday, it took a brief dive beneath $30K for the first time since January 2021. It dropped as low as $28,800 before the buyers regrouped and quickly pushed BTC back higher. In total, BTC did not spend more than 3 hours beneath the $30k level.

Since rebounding above $30K, BTC created the first three consecutive bullish candles since the mid-May price capitulation. It did reach as high as $35,500 today. However, it was unable to close above resistance at $34,760 (downside 1.414 Fib Extension) and has since dropped.

Looking ahead, the first support lies at $33,520. This is followed by $32,465, $31,185 (downside 1.618 Fib Extension), and $30,000. Added support lies at $28,800, $27,750 (January 2021 lows), and $36,840 (downside 1.414 Fib Extension).

On the other side, if the buyers can climb above resistance at $34,760, the first resistance lies at $36,000 (20-day MA). This is followed by $38,000, $39,490 (early-June highs), $40,000 (50-day MA), and $42,000 (January 2021 highs).

btcusd-jun25
BTC/USD Daily Chart. Source: TradingView.

Ethereum

Ethereum fell by a very steep 201 over the week as it trades at $1888 – support provided by the 200-day MA and a .886 Fib. The cryptocurrency fell beneath $2200 on Monday and crashed into the $1888 support.

On the Tuesday spike lower, ETH dropped to $1710 but quickly rebounded to close the daily candle above the 200-day MA. Since then, ETH has been unable to reclaim the $2000 level and has returned to the 200-day MA.

Looking ahead, if the sellers break beneath the 200-day MA, the first support lies at $1710 (mid-March support). This is followed by $1625 (downside 1.272 Fib Extension), $1500, and $1425 (January 2021 highs).

On the other side, the first resistance lies at $2000. This is followed by $2160 (bearish .382 Fib), $2300 (bearish .5 Fib & 20-day MA), $2500 (100-day MA), and $2600.

ethusd-jun25
ETH/USD Daily Chart. Source: TradingView.

ETH is also in trouble against BTC after dropping from 0.063 BTC on Monday and heading beneath 0.06 BTC on Tuesday. It continued to run lower as it broke below support at 0.0569 BTC today.

It is currently trading at 0.056 BTC, but the bearish momentum is still likely to drag it lower in the coming days.

If the sellers push beneath 0.056 BTC, the first support lies at 0.0541 BTC (April 2018 lows & 100-day MA). This is followed by 0.0513 (downside 1.272 Fib Extension), 0.05 BTC, and 0.0473 BTC.

On the other side, the first strong resistance lies at 0.06 BTC. This is followed by 0.0628 BTC, 0.0648 BTC (20-day MA), and 0.068 BTC (50-day MA).

ethbtc-jun25
ETH/BTC Daily Chart. Source: TradingView.

Ripple

XRP fell by an even steeper 25% over the week. The cryptocurrency dropped from $0.781 resistance on Monday to reach $0.6.

It continued on Tuesday to hit the support at $0.55 provided by the 2019 highs and a long-term ascending trend line. It has since attempted to rebound but is struggling to make ground back above $0.7 as it now trades at $0.62.

Moving forward, the first strong support lies at $0.6. This is followed by $0.55 (2019 highs), $0.5, $0.478 (this week’s low), and $0.4.

On the other side, the first resistance lies between $0.7 and $0.72 (200-day MA). Above this, resistance is found at $0.781 (bearish .236 Fib), $0.8282 (2020 highs), $0.9, and $1.00.

xrpusd-jun25
XRP/USD Daily Chart. Source: TradingView.

Against bitcoin, XRP set a fresh three-month low this week as it broke beneath the 2200 SAT (100-day MA) support and plummeted beneath the July 2020 lows at 1900 SAT to reach 1760 SAT.

There, the support provided by the 200-day MA and a downside 1.618 Fib Extension allowed XRP to rebound. However, it is still struggling to sustain itself above 1900 SAT.

Looking ahead, the first strong resistance lies at 2000 SAT. This is followed by 2122 SAT (bearish .236 Fib), 2200 SAT (100-day & 20-day MA), and 2425 SAT (bearish .382 Fib).

On the other side, the first support lies at 1800 SAT. This is followed by 1660 SAT (200-day MA), 1550 SAT (November 2020 low), and 1365 SAT (.786 Fib).

xrpbtc-jun25
XRP/BTC Daily Chart. Source: TradingView.

Cardano

ADA dropped by a smaller 9% this week as it trades above $1.30. It had fallen from resistance at the 100-day MA around $1.42 on Monday and dropped as low as $1.00 on Tuesday.

There, it found support at the 200-day MA and quickly recovered back above $1.15 to close the daily candle. Since then, ADA pushed higher but was unable to break the 100-day MA yesterday. It is currently testing a descending trend line that dates back to the May peaks.

Looking ahead, the first resistance lies at $1.42 – provided by the falling trend line, the 20-day MA, and the 100-day MA. This is followed by $1.52 (bearish .382 Fib), $1.60 (50-day MA), and $1.71 (bearish .5 Fib).

On the other side, the first support lies at $1.120. This is followed by $1.15, $1.10, and $1.00 (200-day MA).

adausd-jun25
ADA/USD Daily Chart. Source: TradingView.

ADA is pretty neutral against BTC this week. It did drop beneath support at 3820 SAT (.382 Fib) on Monday and fell as low as 3440 SAT (.5 Fib) on Tuesday. However, the bulls regrouped and allowed the daily candle to close above 3540 SAT (downside 1.272 Fib Extension).

From there, it has pushed back above the 3820 SAT support but is struggling to make ground beyond 4000 SAT.

Looking ahead, the first resistance lies at 4000 SAT (20-day & 50-day MA). This is followed by 4200 SAT, 4400 SAT, 4570 SAT (1.414 Fib Extension), and 4900 SAT (1.618 Fib Extension & June highs).

On the other side, the first support lies at 3820 SAT (.382 Fib). This is followed by 3540 SAT (downside 1.414 Fib Extension), 3440 SAT (.5 Fib), 3200 SAT (100-day MA), and 3060 SAT (.618 Fib).

adabtc-jun25
ADA/BTC Daily Chart. Source: TradingView.

Polkadot

DOT is down by 32% this week as it trades around $15. The coin fell from above $20 on Monday to reach $13 on Tuesday. The buyers did manage to defend support around $14, provided by a .786 Fib Retracement.

Unfortunately, the bulls have been unable to push much past $17 since rebounding, and the market is looking like it will head lower again.

If the sellers push lower, the first support lies at $14 (.786 Fib). This is followed by $13, $10 (.886 Fib), and $6.90 (Sep 2020 highs).

On the other side, the first resistance lies at $17. This is followed by $20 (20-day MA), $22.5, and $25 (200-day MA).

dotusd-jun25
DOT/USD Daily Chart. Source: TradingView.

Dot is also struggling against BTC this week as it dropped beneath the 200-day MA around 54,500 SAT and continued lower to meet support at 45,000 SAT on Tuesday.

Since then, the market has moved sideways, unable to really push higher again.

Looking ahead, the first support beneath 45,000 SAT lies at 44,000 SAT (May lows). This is followed by 40,600 SAT, 40,000 SAT, and 35,770 SAT (.786 Fib).

On the other side, the first strong resistance lies at 50,000 SAT. This is followed by 52,700 SAT, 55,000 SAT (200-day & 20-day MA), and 60,000 SAT.

dotbtc-jun25
DOT/BTC Daily Chart. Source: TradingView.
SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://cryptopotato.com/crypto-price-analysis-overview-june-25th-bitcoin-ethereum-ripple-cardano-and-polkadot/

Continue Reading

Blockchain

MEHH Token Offering Scalable Digital Payment Solution to Merchants

Republished by Plato

Published

on

[PRESS RELEASE – Please Read Disclaimer]

Scalable solution, a blockchain company enabling cryptocurrency payments for merchants to receive or send instant payments.

Cryptocurrency is becoming a next-generation payment choice among merchants and customers. Every day, more and more people are using connected devices to make payments. The adoption of digital currency is not limited to laptops but also reaches across the industry like tablets, phones, IoT devices, and smartwatches.

The demand for digital tokens is rapidly increasing. Amalgamate of innovative and secure digital payment mode will help merchants to stay ahead in the game.

Merchants can now take advantage of MEHH Token to expand their horizons and grow their user base around the world. Just with a single integration, now merchants can add MEHH tokens to their existing application or exchange platform.

Value Proposition for Merchants and Customers

MEHH Token is built on a decentralized Ethereum Blockchain Technology. Its permissionless network allows merchants to accept digital payments. Our token delivers the following value proposition to owners:

Merchants:

  • Revise quick payment in MEHH token
  • Reduce the risk of the data breach
  • Foster customer trust
  • No debt and high liquidity
  • Low free and fast transaction speed

Customers:

  • Easy access to make payments
  • Offers smooth payment experiences
  • Secure transactions
  • Convenient to move, exchange, or withdraw
  • Extremely Low free and fast transaction speed

Our mission is to support the vision of enabling digital payments for merchants and customers. By allowing each partner to receive and send payment across the network, the MEHH token ensures instant transfer and safe transaction. We designed these capabilities to redefine the way merchants send or receive payments and transform the Fintech industry by developing a platform that makes a positive impact.

Find out more at www.mehhcoin.com

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://cryptopotato.com/mehh-token-offering-scalable-digital-payment-solution-to-merchants/

Continue Reading

Blockchain

Japanese regulators warn that Binance is operating without a proper license.

Republished by Plato

Published

on

Japan’s Financial Services Agency (FSA) issued a warning saying that Binance is doing business with Japanese residents via the internet despite lacking permission to do so. The FSA’s new warning comes over three years after it issued a similar notice against Binance in March 2018. At the time, the regulator said that the crypto exchange would face criminal charges if it continued to do business without a license. 

Binance moved its headquarters to Malta. 

The warning from the financial regulator had forced the crypto exchange to move its headquarters out of the country, officially moving to Malta before eventually adopting a “decentralized” structure. Earlier, the crypto exchange said that it would implement a “gradual restriction of trading functions” for Japanese residents “at a later date.” But Binance’s Japanese website is still accessible at the time of writing, even for new account creations. Even when accessing the site using a VPN, Binance does not appear to block Japanese IP addresses.

FSA also issued a similar warning to Bybit. 

FSA had also issued a warning against Bybit, saying that the crypto derivatives exchange is unregistered and still operating in the country. The warning also stated that the crypto exchange Bybit, headquartered in Singapore, was not complying with the country’s laws. Though crypto and related business have been prevalent in Japan for a while now, this was the first time FSA issued a warning like this to a crypto exchange in the past three years. Bybit was also called out by the UK’s Financial Conduct Authority to cease operations in the country as the regulatory body announced a ban on crypto derivatives.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://chaintimes.com/japenese-regulators-warn-that-binance-is-operating-without-a-proper-license/

Continue Reading
Blockchain4 days ago

Legends: The premium NFT minting platform

Uncategorized4 days ago

Origin Protocol Price Prediction 2021 – Will OGN Hit $5 Soon?

Assets2 days ago

Hedge fund that shorted GameStop closes as $1.13B GME stock offer completes

Blockchain1 day ago

Active Bitcoin Addresses Reach the Lowest Level in 12 Months

Blockchain1 day ago

7 Altcoins That Make You a Billionaire in 2022

Blockchain3 days ago

PayPal and Visa Lead $300M Funding for Blockchain Capital

News4 days ago

New Bill Aims To Make Paraguay a Global Crypto Hub

News3 days ago

Crypto Trader’s $20 Investment Explodes to $1,184,154,683,482 on Coinbase – But He’s Not Cashing Out

Uncategorized5 days ago

Is $SHIB Better Than $DOGE? And Other Crypto ($BTC, $ETH, $CHZ) News From Paraguay

News5 days ago

Battlegrounds Mobile India sending your data to a Chinese Server: Report

Blockchain4 days ago

3 Tons of Bitcoin Mining Rigs Will Reportedly Relocate From Guangzhou to Maryland

Blockchain3 days ago

Cardano Founder: Ethereum Will Overtake Bitcoin

Blockchain3 days ago

Terra Virtua’s Mechagodzilla NFT sold for $33,700 by Blockmuse

Blockchain5 days ago

Every quad witching, this Chainlink price trend can be observed

Blockchain2 days ago

MATIC, USDT, BAL, WBTC + 3 more cryptocurrencies now available for trading on CoinJar

Blockchain2 days ago

Despite the Bounce: Bitcoin Might Still Retest $24K as Final Leg Down

Blockchain1 day ago

John McAfee’s Strange Suicide Leads To Even Stranger Conspiracy Theories

3 days ago

Nemestice event may bring new Spectre arcana, Void Spirit lore

Blockchain3 days ago

‘Bitcoin’s six-week run of outflows has been driven’ by these factors

News5 days ago

Polkadot, Solana and Chainlink Price Analysis: June 20

Trending