Glossary - ChicksX

Hashing is a process converting data into a fixed-size string of characters, used in blockchain for security.

Hashing is the process of converting input data into a fixed-size string of characters, typically a hash code. This is achieved through a mathematical algorithm. In the context of blockchain and cryptocurrencies, hashing ensures data integrity and security. Each block in a blockchain contains a hash of the previous block, creating a secure chain. Hashing is crucial for verifying transactions and mining new blocks. It is also used to generate digital signatures and addresses. This makes it a fundamental component in maintaining trust within the crypto ecosystem.