The Bitcoin network's hash rate has reached a new all-time high of 769.8 exahashes per second (EH/s) as of October 21, 2024, marking a 74% increase compared to the same period last year.This surge in computational power underscores the growing security and resilience of the Bitcoin network.The significant increase in Bitcoin's hash rate is a testament to the expanding network of miners and the continual advancements in mining technology.A higher hash rate enhances the network's security by making it more challenging for potential malicious actors to perform a 51% attack, where they could theoretically double-spend coins or halt transactions.A key driver behind this surge is deploying more efficient and powerful mining hardware, particularly the latest generation of application-specific integrated circuits (ASICs).These specialized devices are designed to optimize the mining process, providing greater computational power while consuming less electricity compared to older models.$BTC #BTCâ
