Blockchain

Hashing

Hashing is the process of converting data into a fixed-length code using a cryptographic function, ensuring data integrity and security.

Cryptography is the science of securing information using mathematical techniques to protect data, ensure privacy, and verify authenticity.

Decentralization is the distribution of control and decision-making across a network instead of a single central authority.

Digital scarcity is the concept of limiting the supply of digital assets so they cannot be easily duplicated or inflated, giving them value.

Peer-to-peer (P2P) systems are decentralized networks where participants (peers) directly share data or resources without a central server.

Bitcoin is a decentralized digital currency that enables secure peer-to-peer transactions without relying on a central authority.

A consensus mechanism is a method for validating transactions and securing a blockchain without relying on a central authority.

In June 2016, an unknown attacker found a way to exploit a loophole in The DAO’s smart contract system.

A blockchain network is a system of computers connected to each other that follow the same set of rules to record, share, and validate transactions.