#BTCHashratePeak : How Hashrate Works?
What is Bitcoin Hashrate? How does it work? When I first heard about it, I was confused. I decided to dig deeper and gain an understanding to be shared with my friends later.
In simple terms, it is Bitcoin mining that helps us measure the difficulty of blockchain. The alphanumeric code or hash is generated randomly by the hash function, and people use Bitcoin hashrate to determine the number of guesses submitted to the blockchain every second.
As far as I have understood, hashrate and Bitcoin miners are inevitably linked. Each miner gives the hashrate to a network in exchange for a new Bitcoin or as a transaction fee.
Do you think I have been able to explain it in simple words, or should we continue focusing on traditional trading of $BNB , $XRP , and $SOL ?
