🔥The #Bitcoin network just hit a major milestone as its mining difficulty increased by 3.9% to 95.7 trillion hashes (a measure of the number of hashes required to solve a Bitcoin block).
This difficulty means that to find a valid Bitcoin block, miners need to perform an average of 95.7 trillion different hash calculations. This is driven by a 7-day average hash rate of 724 EH/s (ExaHash per second, or 724 quadrillion calculations per second).
Bitcoin has a mechanism that automatically adjusts its difficulty every 2016 blocks (about 2 weeks), ensuring that the block creation time remains at 10 minutes, regardless of how many miners are on the network.
This increase in difficulty shows that more and more miners are joining the network, and also increases the security of Bitcoin, assuming someone wants to attack the bitcoin network, the attacker will need a lot of computing power to be able to harm the network.v
