GeishaCharming
Sat Jul 06 2024
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7 answers
1532
What are the mathematical calculations used in cryptocurrency?
Could you elaborate on the mathematical underpinnings of cryptocurrency? Specifically, what are the key calculations and algorithms that drive its operation? I'm curious to know how cryptography, hashing functions, and other mathematical concepts are utilized to ensure the security, integrity, and decentralized nature of these digital currencies. Do you mind explaining in a simplified manner the mathematical concepts behind mining, transaction verification, and the creation of blocks in blockchain technology? Your insights would greatly enhance my understanding of the mathematical foundations of cryptocurrency.
