Bitcoin’s security is getting a boost as the network’s hash rate, a measure of computing power dedicated to mining, reaches an all-time high. The 14-day moving average hash rate has now surpassed 586 exahashes per second (EH/s), solidifying the digital asset’s security.
While a one-day peak of 711 EH/s was recorded on March 7th, the 14-day average provides a more reliable picture by smoothing out short-term fluctuations. This significant increase in hash rate points towards a predicted difficulty adjustment exceeding 3% in the coming epoch change on March 14th, according to Newhedge.
Bitcoin‘s core design prioritizes a consistent block time of roughly 10 minutes. This difficulty adjustment directly impacts the estimated timing of the next Bitcoin halving event. Based on the Clarkmoody dashboard, maintaining the ten-minute average block time could see the halving occur around April 21st.
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