Bitcoin is more secure than ever with a record hash rate. In addition, small investors now make up 50 percent of Bitcoin addresses. The distribution of wealth, however, can still be expanded. The market update.Bitcoin (BTC) is first and foremost a response to the financial system that has fallen apart \u2014 this belief is an integral part of the crypto liturgy. In addition to the algorithmically defined creation rate, the decentralization of the network is one of the great strengths of BTC. Over 73,000 network nodes now control the Bitcoin blockchain. This is shown by data from Bitcoin core developer Luke Dashjr.Almost 10,000 of them are so-called listening nodesIn terms of the computing power (hash rate) that secures the Bitcoin network, BTC is still unmatched. Both BTC and its fork BCH and the BCH Fork BSV use the SHA-256 algorithm for their proof of work . The fact that BTC is still by far the miners\u2019 favorite is illustrated impressively by data from Coindance .The high hash rate means that an attack on the Bitcoin network is extremely costly. After all, an attacker would have to provide over 51 percent of the network\u2019s computing power in order to have a chance to rewrite the blockchain according to his wishes. With rented hardware, such an attack would currently cost over $ 700,000 per hour. Because of the many eyes monitoring the Bitcoin blockchain, the chances of an undetected attack are zero. If so, the branch of the blockchain propagated by an attacker would be repelled from the network by means of a fork, like the tail of a lizard.A 51 percent attack on Bitcoin Cash (BCH), on the other hand, would be possible for USD 8,560 an hour, at least according to the prices of the cloud mining provider NiceHash. Bitcoin\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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