What Is ‘Hash Rate’ and Why Is It Important in PoW?
Hash rate is the total combined computational power being used to mine and process transactions on a Proof-of-Work blockchain. It is measured in hashes per second (H/s).
A higher hash rate means the network is more secure, as it requires a greater expenditure of energy and resources for an attacker to achieve a 51% attack. It is a direct measure of the network's security and the competitiveness of the mining environment.
Glossar
Higher Hash Rate
Hash ⎊ A higher hash rate, within the context of cryptocurrency, fundamentally represents an increased computational power dedicated to solving cryptographic puzzles required for validating transactions and adding new blocks to a blockchain.
Computational Power
Capacity ⎊ The computational power, within the context of cryptocurrency derivatives and options trading, fundamentally represents the aggregate processing capability available to execute complex calculations and simulations.
Hashes per Second
Measurement ⎊ Hashes per Second quantifies the raw computational throughput capability of a mining device or an entire network, representing the number of cryptographic verification attempts executed within one second.
Hash Rate
Power ⎊ Hash rate quantifies the total computational power dedicated to solving the cryptographic puzzle in a Proof-of-Work network.