Post
Topic
Board Development & Technical Discussion
Re: My Segwit questions - a Q&A for Achow and the rest
by
Valle
on 14/12/2017, 07:27:54 UTC
P.S.:


Valle, since the “original bitcoin was plain and simple”, why don’t you write me an “ELI5” on the mathematics of the SHA-256 hash’s “avalanche effect”, and explain why that’s always been so important to Bitcoin’s network security. 

Actually bitcoin security is based 99% on EC, not on hashes. Mining does depend on good hashing to ensure it's hard (and good hashing by definition has the avalanche effect). Hashing in bitcoin protocols is mostly to protect public key and to build chain, but there are a lot of addresses with known public key and it is not such a big problem, see "address reuse".