Monday, July 4

Ethereum Hash Rate Hits New All-Time High As PoS Migration Takes Place By Cointelegraph


©Reuters. Ethereum hash rate marks new all-time high as PoS migration takes place

Over the past year, Ether (ETH) has increased in value to the point of significantly outperforming (BTC) in terms of profitability. The rise of has made mining on their network more lucrative over time. This seems to have led to more miners, which has caused the hash rate of the network to expand.

The Ethereum hash rate has reached a new all-time high, approaching record levels of 1.11 PH/s according to data from Glassnodes on January 27. The previous high was previously reached on January 13, when the price of ETH fell from $4,460 to $3,160.

  • Vitalik Buterin Suggests Making NFTs “Souled” Like World of Warcraft Items

Source: Glassnodes When the hash rate increases, it indicates that more nodes are joining the network, and that the network is becoming more decentralized. As a result, this increase helps solidify the security of the blockchain. Therefore, if the hash rate is too low, it can be detrimental to the network as there would be fewer nodes, leading to slow transactions and less security.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



es.investing.com