Hashrate Bitcoin has taken an important step this week, reaching 1 Zetahash per second. This represents 1,000,000,000,000,000 hocks calculated each second. To put it simply: Bitcoin is safer and more powerful than ever.
As a macro investor and longtime Bitcoin defender, Dan Tapiero questioned::
“How don’t people still get it?”
Bitcoin hashrate at a top of all time
The Hashrate Bitcoin is at a record level. A Zetahash is a Billion of Exehashs, or a chopping of sexillions, and this figure represents the system of consensus of proof of work of the total calculation muscle.
Minors deploy computers specially designed to compete for new blocks, quickly executing “nuncio” cryptographic assumptions until a solution adapts.
Hashrate is the vital element of Bitcoin safety, and this raw lottery stimulates the confidence of the network: the higher the hashrate, the more difficult it is to rewrite the big Bitcoin book.
The recent decantation above 1 zh / s means that every second, minors perform more calculations than grains of sand on earth, or more than the stars of our galaxy; A breathtaking testimony of decentralized security.
Minors compete to find a valid hash for the following block. Each hash is an attempt to meet the network’s difficulty requirements, and success wins a Bitcoin reward.
At more than 1 zh / s, the difficulty increases in tandem, forcing ever greater efficiency and innovation in mining equipment.
A higher bitcoin hashrate means stronger protection against the two expenses and 51% of attacks, and as more energy and equipment secure the chain, Bitcoin becomes more and more excited and reliable on a global scale.
Dan TAPIERO: Macro Investor and Bitcoin Advocate
Dan TAPIERO is the founder and CEO of 10T Holdings, an asset manager of several billion dollars focused on digital assets and web3.
He is widely respected as a macro thinker, champion of gold and adopting at the start of Bitcoin, and he described the milestone of Zetahash one of the “historical developments of the first 10 years”, saying that the Bitcoin network was the “most secure network in the world”.
He is not wrong. This new era is more than a technical feat; It is a profound testimony of institutional adoption, solid money and the resilience of a decentralized network.
In addition, an increasing hashrate often precedes the main price rallies as minors, sovereigns and companies invest billions in new infrastructure. A high bitcoin hashrate of all time, associated with an almost constant rate drop on the horizon, could create the perfect storm for the price of the BTC.
The Zetahash level proves that the Bitcoin network is, by far, the most secure computer network ever built, exceeding any centralized alternative in raw calculations and energy dedicated to the truth.
For anyone who is still doubting the power of Bitcoin, the arrival of “the Zetahash era” is an awakening. Safety, transparency and network resistance to censorship or manipulation are no less than historical.
