Bitcoin network difficulty breaks into a new all-time high of 29.794T

2022.05.01 16:16

Bitcoin network difficulty breaks into a new all-time high of 29.794T

Reassuring its position as the most resilient blockchain network against attacks, the Bitcoin network recorded a new all-time high network difficulty for the second time this month in April — jumping from its previous all-time high of 28.587 trillion to 29.794 trillion.

Greater network difficulty demands greater computational power to successfully mine a Bitcoin (BTC) block, which prevents bad actors from taking over the network and manipulating transactions, also known as double-spending.

Bitcoin network difficulty. Source: Blockchain.comBitcoin total hash rate. Source: Blockchain.com

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