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Is Bitcoin Security Doomed Amid New SHA-256 Collision Attack?


by CoinEdition
Is Bitcoin Security Doomed Amid New SHA-256 Collision Attack?
  • Crypto security firm OneKey has addressed the breakthrough in SHA-256 collision attacks.
  • It involves generating identical hash values from 31 steps of the SHA-256 hashing process with two data inputs.
  • OneKey argued its immediate impact on cryptocurrencies like Bitcoin is likely limited.

OneKey, a well-known open-source hardware and crypto wallet provider, recently addressed the viral tweet claiming a breakthrough in SHA-256 collision attacks. While the news sent ripples through the crypto community, OneKey assures that it calls for no panic.

For context, SHA-256 is a fundamental cryptographic algorithm widely used in various digital security applications, including cryptocurrencies like Bitcoin. The recent breakthrough involves finding two different inputs that produce identical hash values. 

Emphaticall…

The post Is Bitcoin Security Doomed Amid New SHA-256 Collision Attack? appeared first on Coin Edition.

Read the article at CoinEdition

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Bitcoin Rebounds After Galaxy Completes Sale of $9B BTC From Satoshi-Era Whale

Bitcoin Rebounds After Galaxy Completes Sale of $9B BTC From Satoshi-Era Whale

Galaxy said the long-dormant wallet sold 80,000 BTC through the asset manager as part...
Bitcoin to Reach $150,000 Soon: Billionaire Investor Mike Novogratz

Bitcoin to Reach $150,000 Soon: Billionaire Investor Mike Novogratz

Mike Novogratz, the billionaire CEO of Galaxy Digital, is bullish on Bitcoin and rece...

Is Bitcoin Security Doomed Amid New SHA-256 Collision Attack?


by CoinEdition
Is Bitcoin Security Doomed Amid New SHA-256 Collision Attack?
  • Crypto security firm OneKey has addressed the breakthrough in SHA-256 collision attacks.
  • It involves generating identical hash values from 31 steps of the SHA-256 hashing process with two data inputs.
  • OneKey argued its immediate impact on cryptocurrencies like Bitcoin is likely limited.

OneKey, a well-known open-source hardware and crypto wallet provider, recently addressed the viral tweet claiming a breakthrough in SHA-256 collision attacks. While the news sent ripples through the crypto community, OneKey assures that it calls for no panic.

For context, SHA-256 is a fundamental cryptographic algorithm widely used in various digital security applications, including cryptocurrencies like Bitcoin. The recent breakthrough involves finding two different inputs that produce identical hash values. 

Emphaticall…

The post Is Bitcoin Security Doomed Amid New SHA-256 Collision Attack? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bitcoin Rebounds After Galaxy Completes Sale of $9B BTC From Satoshi-Era Whale

Bitcoin Rebounds After Galaxy Completes Sale of $9B BTC From Satoshi-Era Whale

Galaxy said the long-dormant wallet sold 80,000 BTC through the asset manager as part...
Bitcoin to Reach $150,000 Soon: Billionaire Investor Mike Novogratz

Bitcoin to Reach $150,000 Soon: Billionaire Investor Mike Novogratz

Mike Novogratz, the billionaire CEO of Galaxy Digital, is bullish on Bitcoin and rece...