Probability in Bitcoin Mining: The Hashing Function

How does the hash function work in the world of Bitcoin mining? Peter Van Valkenburgh of the Coin Center explains how the hash function in Bitcoin uses entropy to select Bitcoin miners.

As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.

Reach Peter Van Valkenburgh on Twitter: @valkenburgh

Related links:

What is Bitcoin Mining?

Bitcoin Hash Functions Explained

Bitcoin: Cryptographic Hash Functions (Khan Academy)

Bitcoin Miners Signal Revolt Amid Sluggish Blockchain

Bitcoin Splits in 2

[aoulmderat]

The music is very loud, so we can't hear the voices in the video.

[juz]

its not a single person though... be keen to see how we get around the hash collisions when your doing billions of transactions a second... also if we talking about quantum computing coming into play you could have a hash that could be superpositioned in x & y? the hackers will always be first to the exploit

[poke_champ]

What a great channel. You grow quickly I hope

[MrNaturalcure]

You have to reduce or no music in the back ground it is annoying

[Satoshi]

Why Music is so loud?
Can't watch.

[JackTheMimic]

But what is that resulting hash checked agaist? Why is this never explained?

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