Bitcoin Network is Healthier than Ever
Wednesday, June 20, 2018 IST
Most traders haven’t made a lot of money in 2018 as the market correction that put an end to the 2017 bull run lingers on and the price of Bitcoin has wavered between $6 and $9,000. Despite the industry oracles who are even now calling for Bitcoin to reach outlandish numbers by the end of the year, there has been a 300% increase in the bitcoin hash rate, meaning that more people than ever are mining the coin, meaning that ledger is larger than ever and therefore the system more secure.
Beyond the hash rate and estimated $100 billion dollars is locked up in Bitcoin and even more important. That 9 years in, the Bitcoin network is still alive and growing despite naysayers and pundits from the financial world hammering the press with statements calling it “Rat Poison” and a Ponzi scheme and government agencies waffling on laws and regulations that would give legitimacy.
This points out the Bitcoin network has grown bigger than anyone at the start could have imagined and so is the Ethereum network growing at an unprecedented rate.
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