Bitcoin network difficulty breaks into a new all-time high of 29.794T
Cointelegraph
Published Apr 30, 2022 06:26AM ET
Updated May 01, 2022 12:00AM ET
Reassuring its position as the most resilient blockchain network against attacks, the Bitcoin network recorded a new all-time high network difficulty for the second time this month in April — jumping from its previous all-time high of 28.587 trillion to 29.794 trillion.
Greater network difficulty demands greater computational power to successfully mine a Bitcoin (BTC) block, which prevents bad actors from taking over the network and manipulating transactions, also known as double-spending.
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Written By: Cointelegraph
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