The differential between Bitcoin’s (BTC) hash rate and that of its hardfork alternatives continues to increase. The indicator appears to suggest that the forked chains may be faltering dramatically, with 97 percent of the entire hash rate is currently allocated to the original Bitcoin chain.
A blockchain’s hash rate is calculated as the number of computational ‘hashes’ being made per second and is an excellent barometer of its health status. The greater the hashrate, the greater the number of transactions, and consequently, the greater the market activity.
Bitcoin Hash Rate Displaying Major Dominance Over Its Forked Chains
2 mins
By
Jon Buck
Updated by
Kyle Baird
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