Understanding Anchoring and Hashing in Blockchain Security
This article clarifies the roles of anchoring and hashing in blockchain technology, emphasizing that hashing alone does not guarantee data security on the blockchain.
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Did you know that hasing does not secure data on blockchain? It is a typical misunderstanding about this method of application of blockchain. When you publish a hash sum of your data on blockchain you secure only this hash sum, not the data itself. So if hash is a digital fingerprint of data, then securing it does not make sense when your finger is cut off. Hashing on blockchain helps only to check data authenticity.
Hashing is a kind of anchoring.Though anchoring is broader, as it means publishing any kind of metadata.
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0:00 | Intro
1:28 | What is anchoring on blockchain?
3:39 | What is hashing on blockchain?
6:21 | Conclusion about hashing on blockchain
6:55 | End words
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7:19
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Published
Oct 9, 2022
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