Ugh, this is what Bitcoin’s hash rate means and why it matters
Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and info to keep you up to date in the cryptocurrency and blockchain world. Earlier this year, Bitcoin was setting records for 12-month price highs. It’s also been demonstrating market dominance as it affirms its spot as the number one cryptocurrency. But there’s another metric, hash rate, which has been reaching all time highs this year. But what is it? What does it mean? And why do people regard it as a measure of the network‘s health? The hash rate low down Put simply, hash rate is a general…
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