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Bitcoin network fortifies as mining difficulty records ATH of 31.251T

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cointelegraph.com

Further distancing itself from any concerns of planned attacks on the blockchain, the Bitcoin (BTC) network established a new mining difficulty all-time high of 31.251 trillion — exceeding the 30-trillion mark for the first time in history.The creator of Bitcoin, Satoshi Nakamoto, warranted the security of the BTC network through a decentralized network of BTC miners who are tasked with confirming the legitimacy of transactions and minting new blocks.

Given the extensive community support — from developers to hodlers to traders to miners — that spans over 13 years, the BTC network was witness to a historic 10-month-long rally as it achieved mining difficulty of 31.251 trillion.Mining difficulty safeguards the BTC ecosystem against network attacks such as double-spending, wherein bad actors try to reverse confirmed transactions over the BTC blockchain.

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