Hash is a key concept that forms the foundation of blockchain technology. Understanding what hash in crypto means is important, especially if you're involved in crypto mining or trading.

In this article, we'll explain what hash means in Cryptocurrency and how it functions.

But before we dive into the details of hashing, here's a basic understanding of Cryptocurrency and blockchain.

What is Cryptocurrency?

Cryptocurrency is a type of digital money or virtual currency that is encrypted and decentralised (not controlled by any government or central bank). It operates on a system called blockchain, which is like a shared digital ledger. The first and most well-known Cryptocurrency is Bitcoin, and since then, other similar digital currencies, called altcoins, have been created.

Cryptocurrencies are used for online transactions, trading, staking, and betting, just like traditional money (such as Dollars, Euros and Pounds). Some popular cryptocurrencies include Bitcoin (BTC), Ether (ETH), USDT, Solana (SOL), Ripple (XRP), Litecoin (LTC) and USD Coin (USDC)