Bitcoin hash rate hits 102 quintillion for record high

posted 11 months ago
Bitcoin’s network hash rate passed 102 quintillion hashes for the first time in history, a milestone for Bitcoin.

Hash rate is said to ultimately be a function of how secure the Bitcoin network is, because hash rate refers to the amount of computing power involved in processing Bitcoin transactions. The higher the number of hashes, the more implied competition there is among miners to obtain the block reward. Also, it is said that price follows hash rate in a bull market because miners have an expectation of a higher price.
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