Hashrate is a unit of measure that measures the number of hashes a computer can perform per second. Hashrate is a term applicable only to blockchainAs a distributed ledger technology (DLT), a blockchain is a digital ledger that can create an immutable record of transactions.... Read More protocols that use the proof-of-work consensusConsensus allows a distributed system such as a blockchain to function as a decentralized peer-to-peer system without the need to... Read More mechanism. In those protocols, hashrate is the total combined computational power used to mine and process transactions on the chainA chain is a linear sequence of data blocks. Each block contains a cryptographic hash of the previous block and... Read More. The higher the hashrate, the more secure the blockchain is since there would need to be more computing power available for an attack on such a network to be successful.
