SHA-256
By CoinGecko | Updated on Mar 03, 2020
A cryptographic hash function that generates a 256-bit signature for a text, used in Bitcoin Proof-of-Work (PoW). Standing for “Secure Hash Algorithm”, it is one of the SHA-2 algorithms, first designed by the NSA.
Related Terms
Open/Close
The price at which a cryptocurrency opens at a time period, for example at the start of the day; the price at which a cryptocurrency closes at a time period, for example at the end of the day.
Masternodes
Computers that are responsible for processing blockchain transactions and receive a reward when a block is mined.
Hashrate
Total processing power of a blockchain or what is the same, are the amount of hash values that can be made in a period of time.
Halving
Event that serves to reduce in half the reward of the Proof-of-Work miners that operate in the blockchain network.
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