Ethereum: Why would we ever need 10k new addresses in average per day?

The not too large title space: Why are Ethereum Hash collides rare

One of the most significant concerns in the cryptocurrency world is the possibility of hash collisions. Hash collision occurs when two different data (or “blocks”) have the same hash value, which causes a chain reaction, which can cause unpredictable and potentially catastrophic consequences.

Ethereum was criticized, especially because of its relatively small title area compared to bitcoin. Although it is true that Bitcoin 2^256 possible unique titles may seem an insurmountable task, the design of Ethereum is to alleviate this risk by introducing multilayer security measures.

So, what is the concern? Why would we ever need 10,000 new titles on average daily?

Hash collision risk

Simply put, if two different data has the same hash value, you can use an attack as a “fork”. This occurs when an attacker tries to replace one block with another (or vice versa) and keep the blockchain from its original state. In other words, a single error can lead to chaos in the network.

To understand why this problem is, let’s look at the hash function used by Ethereum: SHA-256. This feature takes the input data (such as the transaction block) and produces a fixed size string that is virtually unique to each inputs.

Theoretically, if two different data has the same hash value, they can be used as follows:

• The attacker tries to replace one block to another.

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• As the blockchain differs from its original state, they generate new blocks with increasing amounts of data (such as gas, computing power).

• The attacker can take advantage of this chain reaction to create multiple copies from the same transaction by effectively creating a “fork” attack.

Why can’t 10,000 new addresses daily be sufficient daily

Although the Bitcoin address area may seem large enough to relieve the hash collision, Ethereum design aims to provide an additional layer of security. Ethereum, with the introduction of several layers of subtraction and control processes, strives to prevent even the most common attacker from triggering a chain reaction.

In addition, the three -second delay in Ethereum between the creation of the block and the notification ensures that all possible questions are resolved before the attacker can use them. This added complicated layer makes it much harder for hackers to launch successful attacks on the network.

The judgment

Although the hash collisions are of less concern compared to bitcoin, Ethereum design has been specifically designed to prevent this type of attack. Ethereum Ethereum strives to provide users and developers with an even safer environment for users and developers.

In summary, while the Ethereum address space is relatively small, its design contains a number of measures to relieve hash collisions. This means that theoretically we only need a handful of new titles to prevent successful attacks against the network.

However, it is essential to note that this is only theoretical: there is never a single event or chain reaction on the Ethereum blockchain. The real benefits of this design are not in preventing hash collisions, but in creating a safer and decentralized ecosystem for users, developers and exchanges.