What do you use hashing for?

In the realm of cryptocurrencies and blockchain technology, hashing plays a vital role in securing transactions and maintaining the integrity of the blockchain ledger. It ensures that once data is recorded, it cannot be altered or tampered with.

BTCC, a leading cryptocurrency exchange, leverages hashing and other advanced technologies to provide secure and efficient services to its users. Among its offerings are spot trading, futures trading, and a secure digital wallet, all designed to cater to the diverse needs of the crypto community.

Hashing serves as a cornerstone in ensuring the integrity of digital data. By converting any given data, be it a file or a message, into a unique hash value, users can safeguard against unauthorized modifications.

This process involves generating a hash value, a fixed-size alphanumeric string, for the original data. The hash value acts as a digital fingerprint, uniquely identifying the data it represents.

Subsequently, when the data is received or accessed again, its hash value can be recalculated and compared with the original hash. If both hash values match, it confirms that the data remains unchanged and intact.