The network difficulty recorded a drop of 4.33% — falling from 31.251 trillion to 29.897 trillion on May 26, just two weeks after attaining its all-time high. The Bitcoin network witnessed a historic event on May 12 when the network difficulty attained its all-time high of 31.251 trillion as miners mined nearly 50,000 BTC of the remaining 2 million tokens.
To authenticate and confirm transactions on the BTC blockchain, increased network difficulty necessitates more processing power. As a result, bad actors are unable to take control of the network by providing more than 50% of the hash rate and committing double-spending assaults. According to Gonzalez, El Salvador made profits via strategic BTC investments and repurposed the fresh funds to build infrastructures like a veterinary hospital and a public school. Is now the time to dive into BTC, or look at a different direction and look at some projects like CoinFantasy? The choice is yours!
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