Describe hash functions with your own words:
Hashfunction is a one way function. you can only go from input to output.
How are hash functions used in cryptocurrencies like bitcoin? (Try to research this on your own, we will cover this later in the course but challenge yourself and see if you can find information on this already now).:
SHA 256 is the bitcoin hash function used for transactions.
What does it mean when we say that hash functions need to be collision resistant? (We didn’t use the term “collision resistant” in the lecture, but you will easily find this on Google, we add this question intentionally to make you research information on your own, that’s how you learn best).:
Collision resistance means that it is (allmost) impossible to get the same output from a hash function… without knowing the input