News Fix: Bitcoin Network Surpasses Another Milestone

Bitcoin has the best security track record of any cryptocurrency. Its network has never been hacked. And its decentralized design means there’s no single point of failure. That’s one of the reasons why we like it so much.
This week, bitcoin’s security got even stronger.
The bitcoin hash rate – the amount of computing power used to validate bitcoin transactions – surpassed 80 quintillion SHA256 hashes per second on Thursday. (SHA256 stands for Secure Hash Algorithm 256 bit, a type of hash function commonly used in blockchain.) That’s the highest it’s ever been. And it indicates the network is stronger than ever.
That’s …read more