The Bitcoin (BTC) network is showing impressive signs of health as the mining difficult has increased based on the recent adjustment from the protocol. According to data from crypto on-chain analytics platform Glassnode, the difficulty’s latest adjustment has placed the estimated number of hashes required to mine a block at a newAll-Time High (ATH) of 209 zettahashes (10^21).
Following the latest #Bitcoin difficulty adjustment, the estimated number of hashes required to mine a block has reached an ATH of 209 zettahashes (10^21).
Thus, the difficulty to mine a block continues to increase as more hashpower is deployed to the network. pic.twitter.com/aXHhGwFIRw
— glassnode (@glassnode) April 28, 2023
The mining difficulty is a performance metric that is used to judge the health of the Bitcoin network. While it is most commonly used for Bitcoin, it can infact, be applied to different digital currencies using the Proof-of-Work (PoW) consensus mechanism. For BTC, the mining difficulty i
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