The company that coined the term ‘hash rate’ is not concerned about its recent decline
Cointelegraph
Published Oct 30, 2020 04:30PM ET
Updated Oct 30, 2020 06:20PM ET
Even though the Bitcoin (BTC) hash rate has experienced a sharp decline in recent weeks, the head of research at Blockchain .com, Garrick Hileman is not concerned.
Blockchain .com was founded in 2011 by dissenting members of another early crypto start up — Coinbase. It was one of the first providers of Bitcoin analytics, eventually expanding its services to include a non-custodial wallet, exchange, and crypto lending platform. The company also coined the term “hash rate” as a metric that “estimates [the] number of terahashes per second the Bitcoin network is performing."
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Written By: Cointelegraph
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