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Hash Function

What is a cryptographic hash function? A hash function is a mathematical function that takes an input value of any length and converts it into a fixed-size string. A cryptographic hash function is a function that has properties required for cryptography, such as: always producing the same output for the same input, it has to…

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Hosted Wallet

A Hosted wallet is an online service where a user’s bitcoins are stored, and they can send and receive bitcoins from this service. Coinbase, Bitflyer, and Mt Gox are examples of hosted wallets. In their Interpretive Letter #1172, the Office of the Comptroller of the Currency (OCC) defines a hosted wallet as “an account-based software…

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