Ilaria
Sun Jul 14 2024
|
5 answers
1182
What is bitcoin's hashing power?
Inquiring minds want to know: what exactly is Bitcoin's hashing power? Could you elaborate on the concept and its significance in the cryptocurrency ecosystem? Hashing power, as I understand, refers to the computational ability of the Bitcoin network to process transactions and secure the blockchain. Is it measured in terms of the number of hashes per second? How does the hashing power of the Bitcoin network affect its security and stability? Moreover, what factors influence the hashing power, and how do miners contribute to it? Your insights would be greatly appreciated.
