Bitcoin Remains Strong as Computing Power and Transaction Volume Rise
It is reported that according to Tokenview data, the current Bitcoin network computing power is 357.32 (EH/s); The overall network difficulty of Bitcoin is 39….
It is reported that according to Tokenview data, the current Bitcoin network computing power is 357.32 (EH/s); The overall network difficulty of Bitcoin is 39.16T; The current total number of Bitcoin transactions is 806233266; The number of Bitcoin holding addresses is 54325282.
Data: The current total number of Bitcoin transactions reached 806 million
Interpretation of the news:
Bitcoin continues to thrive despite the recent market fluctuations. According to Tokenview data, the network computing power of Bitcoin stands at 357.32 exahashes per second (EH/s). This computational power represents the collective effort of miners around the world to process and validate transactions, secure the network, and earn rewards in the form of Bitcoin.
In addition to the high computing power, the overall network difficulty of Bitcoin is currently at 39.16 trillion (T), which indicates the level of complexity and competition in the mining process. As more miners compete for the same block rewards, the difficulty level adjusts to maintain a stable block time of approximately 10 minutes.
The growing computing power and network difficulty of Bitcoin are closely linked to the increasing number of transactions on the network. As of now, the total number of Bitcoin transactions worldwide stands at an impressive 806,233,266. This number proves that Bitcoin remains a popular mode of payment and a viable investment option despite the recent market volatility.
The number of Bitcoin holding addresses has also soared, currently standing at 54,325,282. This suggests that more people are buying and holding Bitcoin as a long-term investment rather than just a speculative asset.
Sustained growth in the computing power and transaction volume of Bitcoin could be attributed to the increasing institutional participation in the crypto space. Institutions such as Tesla, MicroStrategy, and Square have invested billions of dollars in Bitcoin, providing validation of its investment value and its potential to become a mainstream asset class.
Overall, these statistics demonstrate that Bitcoin remains strong and continues to experience growth in its adoption and usage. The growing number of transactions, computing power, and holding addresses indicate the resilience of the network, which is drawing more institutional investors to the space.
Title: Bitcoin Remains Strong as Computing Power and Transaction Volume Rise
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