- Crypto security firm OneKey has addressed the breakthrough in SHA-256 collision attacks.
- It involves generating identical hash values from 31 steps of the SHA-256 hashing process with two data inputs.
- OneKey argued its immediate impact on cryptocurrencies like Bitcoin is likely limited.
OneKey, a well-known open-source hardware and crypto wallet provider, recently addressed the viral tweet 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.
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… https://t.co/U11iYDaETg pic.twitter.com/NAsZljl3Zw
— OneKey (@OneKeyHQ) March 30, 2024
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.
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