Definition
The total computational power being used to mine and process transactions on a Proof of Work blockchain. Measured in hashes per second.
Why It Matters
Hash rate indicates the security and health of a Proof of Work network. Higher hash rates mean the network is more secure against attacks.
Example
Bitcoin's hash rate exceeded 400 EH/s (exahashes per second) in 2023, indicating strong network security.
Related Terms
Mining
Proof of Work
ASIC