Network hashes refer to the computational power, measured in hashes per second, that a blockchain network’s miners or validators dedicate to processing transactions and securing the ledger. This collective computing effort is known as the network’s hash rate or hashing power. A higher network hash rate generally indicates greater security against certain types of attacks, such as 51% attacks. It reflects the overall health and decentralization of a proof-of-work blockchain.
Context
Crypto news frequently reports on changes in network hashes, particularly for Bitcoin, as an indicator of miner activity, profitability, and network security. Discussions often concern the environmental impact of energy-intensive hashing operations and the geographic distribution of mining power. A critical future development involves innovations in energy-efficient mining hardware and the transition of more networks to less energy-intensive consensus mechanisms.
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