Len Leonid Mizrah
Cryptography: Blockchain uses cryptographic algorithms to secure the transactions and to ensure that the data stored on the network is not tampered with. The most commonly used cryptographic algorithm in blockchain is the SHA-256 (Secure Hash Algorithm 256-bit), which is used to create digital signatures. Hash functions: A hash function is a mathematical function that takes an input and returns a fixed-size output, which is typically a string of characters. In blockchain, hash functions are used to create a unique identifier for each block, called a block hash, which is used to link blocks together. Consensus algorithms: The consensus algorithm is used to validate and confirm transactions on the network. The most commonly used consensus algorithm in blockchain is Proof of Work (PoW), which is used by Bitcoin, and Proof of Stake (PoS), which is used by Ethereum. These algorithms require the network participants to perform complex mathematical calculations to validate transactions and add new blocks to the chain.
Dear Rochak Bajpai ,
Blockchain technology is based on mathematical concepts such as cryptography, hash functions, and consensus algorithms. The mathematics behind blockchain helps to ensure the security and integrity of the data stored on the network.
In summary, the mathematics behind blockchain technology helps to ensure the security and integrity of the data stored on the network, and to validate and confirm transactions on the network through consensus algorithms.
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