Additionally, this ledger is stored and transmitted by a network of mutually
distrusting nodes.
As a result, the blockchain has a number of different uses for hash functions
and the integrity protection that they provide.
Some of the most common uses of the hash function in blockchain include:
Digital signatures: Hash functions are a vital part of digital signature
algorithms summarizing the data to a compact value while preserving
its integrity. Digital signatures are used for preserving data integrity
and authentication for blockchain transactions and blocks.
Merkle trees: The Merkle tree uses hash functions to ensure that it is
infeasible to find two Merkle trees with the same root hash
summarized by a list of transactions contained within a block into a
single value within a blockchain header. The integrity of the
transactions contained within the block’s body is protected as well as
by storing the root hash within a block header and protecting the
integrity of the block header.
Proof-of-work (PoW) consensus: The PoW consensus algorithm
defines a valid block as one whose header has a hash value less than a
given threshold. Hash function collision resistance is essential here
since it ensures that finding a valid block is difficult.
The blockchain’s “ chains” : The hash of the previous block header
within its header is contained by each block in the blockchain, which
ensures that changing a single block in the blockchain without
detection is impossible. Modifying one block in the chain requires
generating new versions of every following block as well, increasing
the difficulty and helping to preserve the integrity of the blockchain’s
digital ledger.
Hash function security for blockchain
Hash functions are vital to protect the immutability of the digital ledger. If
the hash function used by a blockchain is broken, then an attacker could
find collisions for crucial hash values (such as the block’s chains or a
Merkle tree’s values). This would enable malicious nodes to more easily
rewrite the history of the blockchain network and cause a blockchain