2024

Bitcoin

Security

Coin

<ul class="news-points"> 
 <li>Crypto security firm OneKey has addressed the breakthrough in SHA-256 collision attacks.</li> 
 <li>It involves generating identical hash values from 31 steps of the SHA-256 hashing process with two data inputs.</li> 
 <li>OneKey argued its immediate impact on cryptocurrencies like Bitcoin is likely limited.</li> 
</ul> 
OneKey, a well-known open-source hardware and crypto wallet provider, recently addressed the <a href="https://x.com/jedisct1/status/1772647350554464448?s=20" target="_blank" rel="nofollow">viral tweet</a> claiming a breakthrough in SHA-256 collision attacks. While the news sent ripples through the crypto community, OneKey assures that it calls for no panic. 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> SHA-256 Collisions Breakthrough: Is Crypto Rekt? A recent tweet that went viral in the crypto community reads: "First practical SHA-256 collision for 31 steps." Accompanied by an image of a PPT presentation at an academic conference. Toly, co-founder of Solana, retweeted… <a href="https://t.co/U11iYDaETg" target="_blank" rel="nofollow">https://t.co/U11iYDaETg</a> <a href="https://t.co/NAsZljl3Zw" target="_blank" rel="nofollow">pic.twitter.com/NAsZljl3Zw</a>— OneKey (@OneKeyHQ) <a href="https://twitter.com/OneKeyHQ/status/1774145394592928092?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">March 30, 2024</a>
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For context, SHA-256 is a fundamental cryptographic algorithm widely used in various digital security applications, including cryptocurrencies like Bitcoin. The recent breakthrough involves finding two different inputs that produce identical hash values.&nbsp; 
Emphaticall…
The post <a href="https://coinedition.com/is-bitcoin-security-doomed-amid-new-sha-256-collision-attack/">Is Bitcoin Security Doomed Amid New SHA-256 Collision Attack?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Is Bitcoin Security Doomed Amid New SHA-256 Collision Attack?

Coin Edition

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