Bitcoin network fortifies as mining difficulty records ATH of 31.251T

Bitcoin network fortifies as mining difficulty records ATH of 31.251T


Further distancing itself from any concerns of planned attacks on the blockchain, the Bitcoin (BTC) network established a new mining difficulty all-time high of 31.251 trillion — exceeding the 30-trillion mark for the first time in history.

The creator of Bitcoin, Satoshi Nakamoto, warranted the security of the BTC network through a decentralized network of BTC miners who are tasked with confirming the legitimacy of transactions and minting new blocks.

Given the extensive community support — from developers to hodlers to traders to miners — that spans over 13 years, the BTC network was witness to a historic 10-month-long rally as it achieved mining difficulty of 31.251 trillion.

Trending: BREAKING: Read Why Elon Musk Halted His $44 Billion Purchase Of Twitter

Bitcoin network difficulty. Source: Blockchain.com

Mining difficulty safeguards the BTC ecosystem against network attacks such as double-spending, wherein bad actors

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend