Re:Bitcoin has computed 2^83.9 hashes
by cyphar on Tuesday January 26, 2016 @07:35PM
(#10977403)
> I will admit I am not up on block chain tech or the process it uses, but it does seem like a lot of wasted resources to just compute hashes.
To be fair, the blockchain is the largest distributed rainbow table in history, so it does have some value in that sense.
But arguing that "it is a waste" to use hashing is to not understand the security properties offered by bitcoin and why it's actually vital to use hashes.
To be fair, the blockchain is the largest distributed rainbow table in history, so it does have some value in that sense.
But arguing that "it is a waste" to use hashing is to not understand the security properties offered by bitcoin and why it's actually vital to use hashes.