Merkle trees, also known as hash trees or binary hash trees, are tree-like data structures used in computer science. They are named after their inventor, Ralph Merkle, who proposed the concept in 1979 ...

A Merkle tree, known as a hash tree, is a structure that allows for secure verification of content in large data structures, such as transaction records in a blockchain block. Here’s how it works: ...

and other cryptocurrencies. Additionally, they are known as "binary hash trees." The ledger of a centralized database keeps track of each user's assets in a centralized crypto exchange.

Storj uses hash chains or Merkle Trees, as they are sometimes called, to verify the contents of a file after it has been broken up into blocks or “leaves” off of a master or root hash.

A hash tree, also known as a Merkle tree, has leaf nodes labeled with the cryptographic hash of a data block Aside from increasing transparency, Phemex also aims to decentralize its trading platform.