Is Bitcoin a CrYpTo?! #cryptography
Video Transcript
Is Bitcoin a crypto no Bitcoin uses cryptography as a mathematical layer to defend your monetary data otherwise known as Bitcoin take the example of WhatsApp you’ve got your endtoend encryption which means you send private information through the public internet with somehow nobody else being able to supposedly read it Bitcoin itself uses
What we call a hashing function to encrypt the data within the block blockchain and that is that there is an input the hashing function sh 256 and two to the power of 256 potential outputs so it’s almost impossible to guess the input and so we can communicate freely and protect our
Monetary data within the Bitcoin Network Bitcoin uses cryptography as both an attack vector and a defense as a symbiotic pair within the Bitcoin Network there’s a lot more to learn
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