Understanding Hashing in Blockchain Technology

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One of the key features of blockchain technology is being able to record large amounts of data in a compact form, and linking these pieces of information to one another in a chain.
These ties ensure the immutability of the network, as changes in any element would reflect on the full chain. The cornerstone of this function is only possible due to something which we all call blockchain hashing. Hashing is blockchain is quite a crucial concept and plays a vital role in applications like cryptocurrencies, this video will help you understand what is hashing in blockchain, its importance & how blockchain hashing works.

Video Walkthrough,
0:00 Introduction
0:12 What is Hashing in Blockchain
0:23 Blockchain Hashing vs Encryption
0:34 Cryptocurrency Example
0:53 Secure Hashing Algorithm 256 (or SHA 256)
1:44 Characteristics of Cryptographic Hash Functions
2:52 How Blockchain Hashing Works
3:54 Blockchain and Hashing
4:54 What is Hashrate in Blockchain
5:09 Conclusion

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