What Is the “Hash Rate” of a Cryptocurrency Network?
The hash rate of a cryptocurrency network is the total combined computational power of all the miners on the network. It is a measure of how many hashes, or computational guesses, the network can perform per second.
A higher hash rate means that the network is more secure, as it is more difficult for an attacker to gain control of the majority of the network's hash rate. The hash rate is a key indicator of the health and security of a Proof of Work cryptocurrency.