I'm trying to understand a specific term in the world of cryptocurrency. I've come across the letter 'h' and I'm not sure what it represents or stands for in this context. Can someone explain the meaning of 'h' in crypto?
5 answers
Valentina
Thu Oct 31 2024
They indicate the number of calculations a network can execute within a second.
CryptoNinja
Thu Oct 31 2024
The combined hash rate of a blockchain network is determined by aggregating the hash rates of all mining hardware operating within the network.
Michele
Thu Oct 31 2024
This total represents the collective processing capability dedicated to securing and validating transactions.
Bianca
Thu Oct 31 2024
Hash rates are measured in hashes per second (h/s), where each hash represents a guess in the mining process.
CryptoAlchemy
Thu Oct 31 2024
Hash rates serve as a metric to quantify the computational power of a network.