Bitcoin sets new record
Data from monitoring resource Blockchain.com confirms an exciting new trend for Bitcoin’s $10194.8 +1.16% hashrate, which at press time stood at an all-time high of 94 quintillion hashes per second (h/s).
The figure has spent most of the past few months on a rapid path upwards, but progress has accelerated in recent weeks.
If current action continues, Bitcoin should see its first-ever three-figure hashrate levels within a matter of days.
Hashrate refers to the overall computing power miners dedicate to processing Bitcoin transactions. The more hashes, the stronger and more secure the Bitcoin blockchain is.
As an example of how quickly the metric has progressed this year, in September 2018, hashrate was around 55 quintillion h/s.