[quote=“ivan, post:1, topic:8430”]
- Describe hash functions with your own words
Hash functions is algorithm upon bitcoin exists. Each unique input gives us unique output. We can not go from output into input, it is not possible to reverse. It is only one way function. - How are hash functions used in cryptocurrencies like bitcoin?
Bitcoin mining. - What does it mean when we say that hash functions need to be collision resistant?
Collision resistant means it is difficult to find 2 inputs that gives the same output.