Hash security refers to the method of using hash functions to protect data and transactions in a blockchain. A hash function converts input data into a fixed-size string of characters, which appears random. This ensures that even the slightest change in the input results in a completely different hash output.Hash security is critical for maintaining the integrity of transactions. In a blockchain, each block contains a hash of the previous block. This creates a chain, making it extremely difficult to alter any block without changing all subsequent blocks, which would require immense computational power. Moreover, hash functions are designed to be one-way and collision-resistant. This means it’s nearly impossible to reverse-engineer the original data from its hash and exceedingly rare for two different inputs to produce the same hash. These properties help protect sensitive information and verify user identities, making hash security a cornerstone of trust in decentralized networks.
Tether Settles $299.5 Million Claim With Celsius Bankruptcy Estate
Tether has paid $299.5 million to the Celsius Network bankruptcy estate, resolving a legal dispute that stemmed from the cryptocurrency lender’s