SHA-256 is a cryptographic algorithm used by cryptocurrencies such as Bitcoin. However, it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains.

SHA-256 (Wikipedia)
Secure Hash Algorithm
hash functions · SHA · DSA
Main standards
SHA-0 · SHA-1 · SHA-2 · SHA-3
Designers National Security Agency
First published 2001
Series (SHA-0), SHA-1, SHA-2, SHA-3
Certification FIPS PUB 180-4, CRYPTREC, NESSIE
Digest sizes 224, 256, 384, or 512 bits
Structure Merkle–Damgård construction with Davies–Meyer compression function
Rounds 64 or 80
Best public cryptanalysis

A 2011 attack breaks preimage resistance for 57 out of 80 rounds of SHA-512, and 52 out of 64 rounds for SHA-256. Pseudo-collision attack against up to 46 rounds of SHA-256.

SHA-256 and SHA-512 are prone to length extension attacks. By guessing the hidden part of the state, length extension attacks on SHA-224 and SHA-384 succeed with probability 2−(256−224) = 2−32 > 2−224 and 2−(512−384) = 2−128 > 2−384 respectively.

SHA-2 (Secure Hash Algorithm 2) is a set of cryptographic hash functions designed by the United States National Security Agency (NSA). Cryptographic hash functions are mathematical operations run on digital data; by comparing the computed "hash" (the output from execution of the algorithm) to a known and expected hash value, a person can determine the data's integrity. For example, computing the hash of a downloaded file and comparing the result to a previously published hash result can show whether the download has been modified or tampered with. A key aspect of cryptographic hash functions is their collision resistance: nobody should be able to find two different input values that result in the same hash output.

SHA-2 includes significant changes from its predecessor, SHA-1. The SHA-2 family consists of six hash functions with digests (hash values) that are 224, 256, 384 or 512 bits: SHA-224, SHA-256, SHA-384, SHA-512, SHA-512/224, SHA-512/256.

SHA-256 and SHA-512 are novel hash functions computed with 32-bit and 64-bit words, respectively. They use different shift amounts and additive constants, but their structures are otherwise virtually identical, differing only in the number of rounds. SHA-224 and SHA-384 are simply truncated versions of the first two, computed with different initial values. SHA-512/224 and SHA-512/256 are also truncated versions of SHA-512, but the initial values are generated using the method described in Federal Information Processing Standards (FIPS) PUB 180-4. SHA-2 was published in 2001 by the National Institute of Standards and Technology (NIST) a U.S. federal standard (FIPS). The SHA-2 family of algorithms are patented in US patent 6829355. The United States has released the patent under a royalty-free license.

In 2005, an algorithm emerged for finding SHA-1 collisions in about 2,000 times fewer steps than was previously thought possible. In 2017, an example of a SHA-1 collision was published. The security margin left by SHA-1 is weaker than intended, and its use is therefore no longer recommended for applications that depend on collision resistance, such as digital signatures. Although SHA-2 bears some similarity to the SHA-1 algorithm, these attacks have not been successfully extended to SHA-2.

Currently, the best public attacks break preimage resistance for 52 rounds of SHA-256 or 57 rounds of SHA-512, and collision resistance for 46 rounds of SHA-256.

SHA-256 and SHA-512, and, to a lesser degree, SHA-224 and SHA-384 are prone to length extension attacks, rendering it insecure for some applications. It is thus generally recommended to switch to SHA-3 for 512 bit hashes and to use SHA-512/224 and SHA-512/256 instead of SHA-224 and SHA-256. This also happens to be faster than SHA-224 and SHA-256 on x86-64, since SHA-512 works on 64 bit instead of 32 bit words.

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