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Basically, a hash value is meant by hash (Eng. chop up, scatter). A hash value combines a lot of information that is assigned via a hash function, whereby the hash function can transfer a character sequence of any length. The same data always leads to the same hash, but if only a single bit of the data is changed, the hash looks completely different.

In the blockchain, a hash is a uniquely created character string that encrypts the data of a transaction and thus maintains its security.

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