Despite the drawdown in Bitcoin's value from 2021 peaks, the network's hash rate has continued to increase.
A rising hashrate, or the computational power required to solve complex cryptographic puzzles, was an indication that more miners were involved in validating transactions and securing the Bitcoin network.High network demand for Bitcoin
According to Glassnode, transactions on the network have indeed shot up in recent years, with 2023 witnessing unprecedented demand for the block space. A closer inspection revealed that the network’s ATH of over 703,504 was only achieved last week.Users have been drawn to Bitcoin in the last few years as its narrative of a safe-haven asset has acquired mainstream awareness.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why I Got Breast Augmentation At 19, And Why My Parents Paid For ItIt was shortly after my graduation that my mother approached me about breast augmentation surgery.
Read more »
Despite China’s iPhone Ban, Buyers and Scalpers Are Flocking to Apple StoresChinese customers flocked to Apple stores to buy the latest iPhone 15 despite government restrictions and local competition, an encouraging sign for the world’s most valuable company in its largest overseas market.
Read more »
Indian Potash hopes to extend Canadian deal despite Nijjar spatIndia depends entirely on imports to meet its annual need for about 4 million metric tons of muriate of potash, the government said in a statement last year.
Read more »
Admin Pressures Woman Into Donating Despite Her Being Broke, She Gets Revenge After TransferringIt's essential to remain cautious, as sometimes, malicious intentions lurk behind such initiatives.
Read more »
Smith says despite difficulty with Ottawa, Alberta has allies in Trudeau cabinetBANFF, Alta. — Alberta Premier Danielle Smith told a business conference on Friday that despite her concerns with the federal Liberal government, there are some cabinet ministers she can work with. Smith has been at odds with federal Environment Minister Steven Guilbeault and Natural Resources Minister Jonathan Wilkinson amid concerns over Ottawa's climate-change policies and transition plan for a net-zero emissions economy. Guilbeault intends to publish draft regulations this fall to cap emissi
Read more »
Smith says despite difficulty with Ottawa, Alberta has allies in Trudeau cabinetBANFF, Alta. — Alberta Premier Danielle Smith told a business conference on Friday that despite her concerns with the federal Liberal government, there are some cabinet ministers she can work with.
Read more »