While Bitcoin miners still pursue the last a pair of million BTC into circulation, the network is well-positioned to achieve bigger resilience against vulnerabilities.  



Reassuring its position as the most resilient blockchain network against attacks, the Bitcoin network recorded a replacement uncomparable high network issue for the second time this month in April — jumping from its previous all-time high of 28.587 trillion to 29.794 trillion. 

Greater network difficulty demands greater procedure power to with success mine a Bitcoin (BTC) block, that prevents bad actors from taking over the network and manipulating transactions, also called double-spending. 

As proven by data from Blockchain.com, Bitcoin’s network issue has seen virtually a year-long uptrend since august 1, 2021. Before that, between could and July 2021, was a timeline once BTC network issue fell nearly 45.5% from 25.046 trillion to thirteen.673 trillion — at the time raising short issues concerning the network’s vulnerability. 

Bitcoin network difficulty. Source: Blockchain.com

Further cementing Bitcoin’s resilience against 51 attacks, on April 28, the Bitcoin network hash rate, too, recorded a new ATH of 258 EH/s. As shown below, the network hash rate eased down to the 220 EH/s mark by the top of the month with no visible negative impact on the BTC network issue. 

Bitcoin total hash rate. Source: Blockchain.com

The month of April also was witness to at least one of the lowest average dealings fees on the Bitcoin network — the value related to transferring BTC. For the primary time in 2 years, on April 18, the average BTC transaction fee fell to $1.039, that at its highest was $62.788 in April 2021. 

While Bitcoin miners still pursue the last a pair of million BTC into circulation, the network is well-positioned to attain a newer all-time high with respect to overall security and price.

( Arijit Sarkar, Cointelegraph, 2022 )