For the second time this month, bitcoin network difficulty explodes into a new ATH.
Greater network difficulty demands greater computational power to successfully mine a BTC block, which prevents bad actors from taking over the network and manipulating transactions, also known as double-spending.from blockchain.com, Bitcoin’s network difficulty has seen almost a year-long uptrend since August 1, 2021. Before that, between May and July 2021, was a timeline when BTC network difficulty fell nearly 45.5% from 25.046 trillion to 13.
. As shown below, the network hash rate eased down to the 220 EH/s mark by the end of the month with no visible negative impact on the BTC network difficulty.The month of April also was witness to one of the lowest average transaction fees on the Bitcoin network — the cost associated with transferring BTC. For the first time in two years, on April 18, the
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