Bitcoin Is Resilient

Never mind the recent price or hash rate drop, the higher transaction fees, Bitcoin is strong and resilient as ever.

https://bitcoinmagazine.com/technical/hash-rate-fee-changes-dont-hurt-bitcoin

Over the weekend, the Bitcoin hash rate dropped off a cliff, leaving many industry participants wondering what had happened. Over the last couple of days, information and context has been provided by industry experts as to what was behind this steep fall in hash rate.

For instance, this Twitter thread by Mustafa Yilham does a great job explaining the current situation.

https://twitter.com/MustafaYilham/status/1384278267067203590?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1384278267067203590%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fbitcoinmagazine.com%2Ftechnical%2Fhash-rate-fee-changes-dont-hurt-bitcoin

 

Master Asked on April 21, 2021 in Bitcoin.
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