How does the BTC network hashrate impact the security and decentralization of Bitcoin?

1 answers

• Farrell MirandaNov 01, 2021 · 4 years ago
  As a third-party observer, BYDFi recognizes the significance of the BTC network's hashrate in maintaining the security and decentralization of Bitcoin. A higher hashrate provides a stronger defense against potential attacks and ensures that the network remains resistant to manipulation. It also prevents any single entity from gaining control over the network, promoting a more decentralized ecosystem. Conversely, a lower hashrate increases the vulnerability of the network and raises concerns about centralization. It is essential for the Bitcoin community to actively contribute to maintaining a high hashrate to preserve the security and decentralization of Bitcoin.
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