#BitcoinHashRateSurge

The hash rate of $BTC this month has almost doubled compared to the same period last year. It has reached an all-time high, over 1000 exahashes per second (ESH/S).

What does this mean?

Hash rate measures the total computing power that secures a blockchain network.

A high hash rate means stronger network security and this contributes greatly to the value of the cryptocurrency coin.

There is competition between states for hash rate dominance but the USA remains in first place.