To better understand what a hash is, itâs worth discussing what are hash functions and how they work.
For instance, if we use the word âBinanceâ as the input value, and map it through an SHA-256 hash function, the output value (or hash) returned will be:
f1624fcc63b615ac0e95daf9ab78434ec2e8ffe402144dc631b055f711225191
Note that it doesnât matter how many times we perform this action, the output will always be the same (as long as the input doesnât change).
59bba357145ca539dcd1ac957abc1ec5833319ddcae7f5e8b5da0c36624784b2
Hashes are useful for verifying the validity of certain information, without revealing what the information is. In practice, hash functions may be applied to various scenarios. A few use cases include database lookups, large files analyses, and data management.
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