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
https://www.coindesk.com/bitcoin-hash-functions-explained/

Bitcoin: Cryptographic Hash Functions (Khan Academy)
https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-cryptographic-hash-function

Bitcoin Miners Signal Revolt Amid Sluggish Blockchain
https://www.bloomberg.com/news/articles/2017-03-13/bitcoin-miners-signal-revolt-in-push-to-fix-sluggish-blockchain

Bitcoin Splits in 2
http://www.businessinsider.com/bitcoin-price-fork-happens-2017-8

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