Posts

Showing posts with the label #bitgesell #bitcoin #bitcoinsha256 #bitgesellkeccak #nist

Bitcoin SHA-256 & Bitgesell Keccak

Image
BTC and BGL mining algoritms SHA-256 & KECCAK The difference between the Keccak mining algorithm used by Bitgesell and the SHA-256 used by Bitcoin mainly lies in the hashing algorithms they utilize. Let's examine each one: SHA-256 (Bitcoin) - SHA-256 stands for "Secure Hash Algorithm 256-bit" and is part of the SHA-2 family of hash algorithms. - Hashing Process: SHA-256 generates a 256-bit (32-byte) hash from an input of arbitrary size. - Security: SHA-256 is considered secure and is widely used in various security and cryptographic applications. - Usage in Bitcoin: In Bitcoin, SHA-256 is used in two rounds in the proof-of-work (PoW) process. Miners try to solve a cryptographic puzzle by finding a nonce that, when combined with the block data and passed through SHA-256 twice, results in a hash that is less than the target set by the network. Keccak (Bitgesell) - Keccak is the algorithm that won the NIST (National Institute of Standards and Technology) com