1. QiAi QuestsHome
  2. Daily Digest

Bitcoin Network Update: Unconfirmed Transactions, Computing Power, and Difficulty Prediction

• Daily Digest • 77 views

Bitcoin Network Update: Unconfirmed Transactions, Computing Power, and Difficulty Prediction

According to reports, according to BTC.com data, the current number of unconfirmed transactions across the Bitcoin network is 58783, the overall network computing power is 325.63 EH/s, and the 24-hour transaction rate is 3.76 transactions/s. Currently, the overall network difficulty is 43.55 T. It is predicted that the next difficulty will be increased by 1.55% to 44.23 T. There are still 6 days and 14 hours left before the adjustment.

The number of unconfirmed transactions across the Bitcoin network is 58783

Analysis based on this information:


BTC.com data reveals that almost 59,000 transactions are waiting to be confirmed across the Bitcoin network, indicating that the demand for the cryptocurrency is high. This high volume can be attributed to the increasing adoption of cryptocurrencies, especially Bitcoin, as a store of value and medium of exchange. With the pandemic and global market instability, many investors view Bitcoin as a safe haven asset, leading to a surge in demand.

The overall network computing power has also increased, indicating the growing number of miners contributing to the network’s security. As the computing power increases, so does the network’s ability to process transactions more efficiently. However, this also means that the network is more vulnerable to 51% attacks, where a single entity could potentially manipulate the blockchain.

The 24-hour transaction rate of 3.76 transactions per second shows that the network can still handle a significant number of transactions. However, with the increasing demand for Bitcoin, there may be a need to scale the network to accommodate more transactions in the future.

The network difficulty, which determines the level of complexity required to mine a block, is predicted to increase by 1.55% from its current value of 43.55 T to 44.23 T. This means that mining Bitcoin will become harder, and miners will need more computational power to solve the mathematical puzzle required to mine a block. The next network difficulty adjustment is estimated to take place in about six days and 14 hours.

In conclusion, the Bitcoin network is experiencing a high volume of unconfirmed transactions and an increase in computing power. The network difficulty is also expected to increase, making mining more challenging. However, with the current transaction rate, the network is still capable of processing transactions efficiently. Scalability and security remain critical areas of concern for the network’s continued growth.

Overall, this update provides valuable information for investors, traders, and anyone interested in Bitcoin’s network performance. It highlights the increasing demand for cryptocurrencies and the need to maintain a stable and secure network.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/daily/6311.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/18/2023 17:45
Next 03/18/2023 18:40

Related recommendations