#BitcoinHashRateSurge How does it work?

Imagine Bitcoin's hash rate as a huge puzzle factory. Each miner is a worker trying to solve a puzzle as quickly as possible.

Why is it important?

The more workers there are and the faster they solve the puzzles, the stronger and more secure the factory will be.

If someone wants to sabotage the factory, they would have to be faster than all the workers combined. It's like a giant contest where everyone wins.

What happens if the hash rate decreases?

It would be like many workers leaving the factory. The factory would be slower and more vulnerable to attacks.

And if it increases?

It's like the factory hiring more workers and buying faster machines.

In this way, the factory would be stronger and more efficient...