Blockchain Hashing Explained | Proof-of-Work & Hashrate

In this Blockchain Hashing Explained video, I attempt to explain the process of hashing block data in the proof-of-work (Hashcash) system, and why the hashrate contributed to a blockchain is very important to understand as a cryptocurrency investor and user.

???? Cryptocurrency Australia Official Site
https://cryptocurrencyaus.com/

⛓ Links
http://learnmeabitcoin.com/glossary/hash-function
https://passwordsgenerator.net/sha256-hash-generator/
http://learnmeabitcoin.com/glossary/target
http://learnmeabitcoin.com/guide/blocks
http://www.bitcoinpaper.info/wp-content/uploads/2014/02/bitcoin-paper-p5-img1.png
https://www.blockchain.com/charts/difficulty?timespan=all
https://www.blockchain.com/btc/block/00000000c937983704a73af28acdec37b049d214adbda81d7e2a3dd146f6ed09
https://www.blockchain.com/btc/block/0000000099c744455f58e6c6e98b671e1bf7f37346bfd4cf5d0274ad8ee660cb
https://www.blockchain.com/btc/block/000000000003ba27aa200b1cecaad478d2b00432346c3f1f3986da1afd33e506
https://www.blockchain.com/btc/block/000000000000003887df1f29024b06fc2200b55f8af8f35453d7be294df2d214
https://www.blockchain.com/btc/block/0000000000000000001b1a09fa5694993d0eb3938d68d71e831e4ba804dc73d7
https://bitinfocharts.com/comparison/bitcoin-hashrate.html
https://bitinfocharts.com/comparison/litecoin-hashrate.html
https://bitinfocharts.com/comparison/ethereum-hashrate.html
https://bitinfocharts.com/comparison/etc-hashrate.html
https://www.theverge.com/2019/1/9/18174407/ethereum-classic-hack-51-percent-attack-double-spend-crypto
https://www.crypto51.app/
https://www.youtube.com/watch?v=bBC-nXj3Ng4
chrome://newtab/

✌???? Our socials
Twitter https://twitter.com/Cryptos_Aus
Instagram https://instagram.com/cryptocurrency_australia
Facebook https://www.facebook.com/CryptoAustraliaMedia/
Reddit https://www.reddit.com/r/Crypto_Australia/
Pinterest https://www.pinterest.com.au/CryptocurrencyAustralia/
Linkedin https://www.linkedin.com/company/cryptocurrency-australia-media/

✅ Our Cryptocurrency Investment course (rated 5/5 on Udemy.com) http://cryptocurrencyaus.com/Fundamentals-course

???? My hardware wallet is a Nano Ledger S http://cryptocurrencyaus.com/ledger

???? I also use the Trezor Hardware Wallet
http://cryptocurrencyaus.com/Trezor

???? For CCA Media business enquiries, please contact us at https://cryptocurrencyaus.com/contact/

???? For Blockchain Project Consulting;
https://www.blockchainmgtsolutions.com/

???????? We are grateful for any BTC donations which help support us.
31tbpRhJFLuWnzAk6kVnNnDUcBrigLHsNt

#BlockchainMining #Cryptomining #Hashing

???? Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Cryptocurrency Australia Media, or the author, may have holdings in the cryptocurrencies discussed. Liability limited by a Scheme Approved Under Professional Standards Legislation.Referrals and affiliate links do earn us commissions but they are products or services we personally use and would not endorse if we did not believe in them.

Share your thoughts, add a comment!

You must be logged in in order to place a comment.

Article comments

Loading...
No comments yet, be the first to comment this article