Home Keccak SHA-3 algorithm for Proof of Work (PoW)

Keccak SHA-3 algorithm for Proof of Work (PoW)

Maxcoins transaction security has been upgraded with next-generation, Keccak SHA-3 algorithm for Proof of Work. Whilst SHA-2 was designed and developed closed-door by the NSA, Keccak was subject to an open competition with design and peer preview (NIST).

Keccak was also chosen as the official successor for SHA-256 after being a finalist and finally winning a 5 year long international competition run by the National Institute of Standards and Technology (NIST) and as such chosen as the successor to SHA-256.

Special Note: Keccak is also much greener than SHA-256 and many other hashing functions, reducing cryptocurrencies ecological footprint.”

Keccak/SHA3 Info:

  • Winner of 5 year long NIST competition
  • Next-generation encryption
  • Official Successor to SHA-256
  • Not developed closed doors by NSA
  • Open Peer Reviewed & Designed
  • Not length-extension attacks vulnerable
  • Thicker safety margin than SHA-2
  • Greener than SHA-256
This post is licensed under CC BY 4.0 by the author.