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
Transaction Fee
A payment to the network for performing a transaction to be recorded on the blockchain.
Immutable
A property characterized by inability to be change and stays unchanged over time.
Cloud Mining
Mining on blockchains through rented processing power rented from companies that host the physical equipment.
Bitcoin Evangelist
Individuals who are passionate about Bitcoin, and are dedicated in spreading knowlege about Bitcoin
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.