What is Hashrate and How Does it Work?

Crypto hashrate is a measure of the computational power of a cryptocurrency network. It refers to the number of hashes (mathematical calculations) performed in a given period (usually per second). The higher the hashrate, the more powerful the network is and the more difficult it is to attack or manipulate. Hashrate is used in mining, which is the process of creating new blocks in a blockchain. Miners use specialized hardware (such as ASICs) to perform the hashes required to validate…