Hash Rate

Hash rate refers to the total computational power used by a blockchain network, particularly those using Proof of Work consensus like Bitcoin. It measures how many hash calculations are performed per second to validate transactions and add new blocks. A higher hash rate indicates a more secure and robust network, as more computational effort is required to perform a 51% attack. Miners contribute to the hash rate by solving complex mathematical problems using specialised hardware like ASICs or GPUs. Monitoring the hash rate helps assess the health, security, and competitiveness of a blockchain ecosystem.