Explaining Hash Rate Or Hash Power In Cryptocurrencies

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If you are new to the world of cryptocurrencies, I guess you would have heard this number of times that Bitcoin’s hash rate, also referred to as hash power, has increased or come down. Does the term make you wonder what it actually means?

I actually used to wonder in my initial days as to what Bitcoin’s hash rate/power actually means. And eventually, after learning a lot of stuff about Bitcoin, I was able to understand the reference.

Hash rate or hash power is something very critical and integral to Bitcoin’s network for a number of reasons, that I will explain further in this article.

But before that, it is very important that one understands what this actually means

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CoinSutra is a cryptocurrency publication for beginners & advanced users to stay updated with the growing digital currency industry.

CoinSutra was started with the aim to bridge the information gap between the general public and current users of cryptocurrencies like Bitcoin. Initially, we planned to start a Bitcoin-only portal, but with time, we realized how important it was to keep ourselves updated with news about all cryptocurrencies.

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