Saturday, February 24

Bitcoin Network Difficulty Hits New All-Time High By Cointelegraph


©Reuters. Bitcoin Network Difficulty Hits New All-Time High

The price of (BTC) may have dropped to six-month lows this week, but under the hood, the network is stronger than ever.

Data from on-chain monitoring resources, including Glassnode and BTC.com, confirm that as of Friday, the network’s difficulty is at a new all-time high.

Difficulty exceeds 26 billion for the first time Difficulty, which expresses how hard miners have to work to solve the equations to process transactions on the blockchain, is arguably the most important of the fundamental components of the Bitcoin network.

Read the full article on Cointelegraph

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