Is Bitcoin Security Doomed Amid New SHA-256 Collision Attack?
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- 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.
— OneKey (@OneKeyHQ) March 30, 2024
SHA-256 Collisions Breakthrough: Is Crypto Rekt?
A recent tweet that went viral in the crypto community reads: "First practical SHA-256 collision for 31 steps." Accompanied by an image of a PPT presentation at an academic conference.
Toly, co-founder of Solana, retweeted… https://t.co/U11iYDaETg pic.twitter.com/NAsZljl3Zw
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.
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