The Bitcoin network experienced a surge of activity as its Hashrate, also known as hash power, refers to the measure of a miner's performance in a cryptocurrency network. It indicates how many hashes a miner can compute and submit to the network in a given time frame, typically measured in hashes per second (H/s). Key Points: • Measurement Units: Hashrate is commonly expressed in various denominations, such as: • Kilohashes... More, a measure of computational power, soared to a record-breaking 440 exahash per second (EH/s). This monumental rise came just a week after Bitcoin miners faced a slight increase in Mining is the decentralized process by which new coins are entered into circulation in the cryptocurrency world. It involves solving complex mathematical problems using computational power. Miners validate and record transactions on the blockchain and are rewarded with newly minted coins. More difficulty. The community buzzed with excitement, as the increased hashrate signaled strong network security and miner commitment, especially with the upcoming reward Halving is a pre-programmed event in the code of certain cryptocurrencies, most notably Bitcoin, where the reward for mining new blocks is cut in half. This effectively reduces the rate at which new coins are created and earned by miners. Purpose: • Controlled Supply: Cryptocurrencies like Bitcoin have a fixed supply cap (21 million for Bitcoin). Halving ensures that the... More event. However, with great rewards come great challenges, and the market waited with bated breath to see how these developments would impact Bitcoin’s price and stability.