Data shows the Litecoin mining hashrate has hit a new all-time high, can this signal be positive for the price of the crypto?
Litecoin Mining Hashrate Sets New All-Time High At 683.52 TH/s
Litecoin, much like Bitcoin, is a cryptocurrency that works on a consensus mechanism based on Proof-of-Work (PoW), meaning that network validators called miners handle the transactions on the network. These miners have to compete with each other using computing power to be able to get a chance at hashing…
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