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Bitcoin Network Update: Hash Rate, Difficulty, Transactions and Addresses

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It is reported that according to Tokenview data, the current Bitcoin network computing power is 357.32 (EH/s); The overall network difficulty of Bitcoin is 39….

Bitcoin Network Update: Hash Rate, Difficulty, Transactions and Addresses

It is reported that according to Tokenview data, the current Bitcoin network computing power is 357.32 (EH/s); The overall network difficulty of Bitcoin is 39.16T; The current total number of Bitcoin transactions is 806233266; The number of Bitcoin holding addresses is 54325282.

Data: The current total number of Bitcoin transactions reached 806 million

Interpretation of the news:


The message reports the latest update on the Bitcoin network, highlighting four key metrics: computing power, difficulty, transactions, and holding addresses. The first metric, computing power, refers to the total computing power of the miners who are securing the Bitcoin network by solving complex mathematical problems known as hash functions. The current computing power of Bitcoin is reported to be 357.32 exahash per second (EH/s), which is a measure of how many hash functions the network can perform each second.

The second metric, difficulty, is a measure of how difficult it is for miners to solve a block and receive a reward in Bitcoin. The overall network difficulty of Bitcoin is currently set at 39.16 trillion (T), which means that miners need to collectively perform trillions of hash functions to solve a block. The network difficulty of Bitcoin is designed to adjust automatically every 2016 blocks, or approximately every two weeks, to maintain a stable block time of 10 minutes and ensure a consistent and predictable supply of new Bitcoin.

The third metric, transactions, refers to the number of transactions that have been confirmed on the Bitcoin network. The current total number of Bitcoin transactions is reported to be 806,233,266, which represents the total number of transactions since the inception of Bitcoin in 2009. It is worth noting that the Bitcoin network can process only a limited number of transactions per second, currently around 7 transactions per second, which limits its scalability compared to other payment systems.

Finally, the fourth metric, holding addresses, refers to the number of addresses that hold Bitcoin. This metric is often used as an indicator of the number of people who own Bitcoin or are invested in it. The number of Bitcoin holding addresses is currently reported to be 54,325,282, which represents the unique addresses that hold at least some amount of Bitcoin.

In conclusion, the message provides a snapshot of the current state of the Bitcoin network, highlighting key metrics that are closely watched by investors, traders, and enthusiasts. While the metrics can fluctuate over time, they provide useful insights into the health and adoption of the Bitcoin network.

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