A lot of Bitcoin (BTC) miners just came online. The Bitcoin hash rate, or the total computing power of the Bitcoin blockchain, just soared to 439 exahash per second (EH/s). Moreover, the number of transactions the Bitcoin blockchain processed in one day exceeded 682,000, as over 300,000 Ordinals were inscribed on the Bitcoin blockchain.
These milestones demonstrate the network’s strength and stability, as well as the increasing adoption of Bitcoin for various use cases, all while the banking sector in the United States fractures.
The Bitcoin hash rate, a measure of the computational power dedicated to securing the blockchain, has reached an all-time high, signifying increased confidence in the network’s security. The hash rate is a crucial indicator of the network’s health, as a higher hash rate means more miners are participating, thus making the network more resistant to attacks.
The surge in hash rate reflects…
