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Bitcoin Network Difficulty Skyrockets, Poised for Steady Growth
It is reported that according to BTC.com data, the difficulty of Bitcoin network has risen to 43.55T, a record high. It is predicted that the difficulty will increase to 45.63 T next time, with an increase rate of 4.76%. Bitcoin network difficulty rose to 43.55T, a record high Analysis based on this information:The Bitcoin network is undergoing significant changes as the difficulty of the mining process has reached an all-time high. According to data from BTC.com, the network difficulty has surged to 43.55T, reflecting the increasing difficulty of mining Bitcoin as more people try to join the network. The network difficulty is a measure of how difficult it is to mine a new block of transactions on the Bitcoin network. As more miners join the network and compete to mine new Bitcoin, the difficulty of finding a hash – a mathematical solution that validates a new block – increases. This ensures that Bitcoin blocks are mined at a consistent rate…