paint-brush
How SHA-256 Hashing Works in Bitcoinby@escholar

How SHA-256 Hashing Works in Bitcoin

tldt arrow

Too Long; Didn't Read

This section defines the binary alphabet and introduces SHA-256 as the cryptographic hash function used in Bitcoin, explaining its role in securing the network.
featured image - How SHA-256 Hashing Works in Bitcoin
EScholar: Electronic Academic Papers for Scholars HackerNoon profile picture
0-item

Abstract and I. Introduction

A. Quantum Bitcoin Mining

B. Our Contribution

C. Comparison with Related Works

D. Conventions

II. Background

A. Bitcoin Basics

B. Bitcoin Security

C. Grover’s Search Algorithm

D. Quantum Attacks

III. Approach

A. Algorithm

B. Markov Chain

C. Assumptions and Approximations

IV. Results

A. Probability of Success

B. Performance Measures

C. Example Application

V. Discussion, Acknowledgments, and References

D. Conventions




Authors:

(1) Robert R. Nerem, Institute for Quantum Science and Technology, University of Calgary, Alberta T2N 1N4, Canada (riley.nerem@gmail.com);

(2) Daya R. Gaur, Department of Mathematics and Computer Science, University of Lethbridge, Alberta T1K 3M4, Canada.


This paper is available on arxiv under CC BY 4.0 DEED license.