SHA-256 Algorithm

The SHA-256 algorithm, which stands for Secure Hash Algorithm with a 256-bit digest, is a widely used cryptographic function. While other SHA algorithms are available, SHA-256 is particularly compatible and versatile. It is employed in various applications, including verifying digital signatures, performing SSL handshakes, and hashing passwords for encryption.

SHA-256 is renowned for its high-level encryption capabilities, attributed to factors such as its irreversibility, bit length, and hash digest. In the blockchain industry, it excels by providing efficient mining results and robust security. It supports the mining of several cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin Cash, Namecoin, and PRIZM.