Algorithms: The Math Behind Bitcoin, The Controlled Supply ...

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In short, here is an ancient chart: Let’s just say the heat death of the universe is in 10^120 years. ... (RIPEMD160) to the Bitcoin Address in a previously unclaimed transaction, it can be spent. That’s a high-level view of some of the ways Bitcoin uses cryptography. If that public key hashes (RIPEMD160) to the Bitcoin Address in a previously unclaimed transaction, it can be spent. That’s a high-level view of some of the ways Bitcoin uses cryptography. Bitcoin Monetary Inflation Schedule. This interactive chart visualizes the monetary inflation schedule used in Bitcoin. RIPEMD-160. Bitcoin uses SHA-256 and RIPEMD-160 cryptographic hashes. There are many aspects of Bitcoin that use hashes and the vast majority of them use a double SHA-256 encryption. However, in a few situations that require hashes (such as e-mail addresses), a singular SHA-256 is used in combination with a singular RIPEMD-160 hash.. These hashes, when calculated on a GPU, make it feasible to ... RIPEMD (RIPE Message Digest) is a family of cryptographic hash functions developed in 1992 (the original RIPEMD) and 1996 (other variants). There are five functions in the family: RIPEMD, RIPEMD-128, RIPEMD-160, RIPEMD-256, and RIPEMD-320, of which RIPEMD-160 is the most common. This means it is taking the Bitcoin distributed network approximately 2.4x10^31 seconds to completely exhaust the RIPEMD-160 digest space, or about 7.7x10^23 years. So even then, at the amazing brute force pace of 60 million billion hashes per second, it's still unreasonable to find legitimate collisions for a 160-bit digest.

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THIS BITCOIN CHART IS BACK IN BULLMARKET TERRITORY!!!

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