Bitcoin hashrate hits all-time high and other news

Bitcoin hashrate hits all-time high and other news

DOJO Token Rise Over 500% After Elon Musk’s Tweet
Altcoin price skyrockets after Tesla and SpaceX CEO tweeted DOJO

On the night of January 14, the price of the DOJO token increased by more than 500% in half an hour and exceeded $0.000000049. This came after Tesla and SpaceX CEO Elon Musk tweeted the word “dojo”.

Bitcoin hashrate hits all-time high
On January 14, the indicator exceeded 215 Eh/s (exahash). The hashrate of the first cryptocurrency has recovered sharply after falling to 170 Eh / s last week

On December 14, the bitcoin hash rate hit an all-time high above 215 Eh/s (exahash), according to data from Glassnode, an analytics company. The figure rose sharply after falling to 170 Eh/s last week, which was caused by the blackout of the Internet and unrest in Kazakhstan. The country accounts for 18% of the world’s bitcoin mining capacity.

At the beginning of December 2021, the hashrate of the first cryptocurrency recovered to the values that were observed before the introduction of a complete ban on cryptocurrency mining in China. The Chinese provinces began to introduce the first mining bans at the end of May last year.

Bank of America Strategist Names Solana as Visa’s Analog in the Cryptocurrency World
The bank published a report in which he spoke about the advantages of various blockchains, including mentioning Ethereum and Avalanche

Solana in the future may become an analogue of Visa for the digital asset ecosystem, Alkesh Shah, global cryptocurrency strategist at Bank of America, says Decrypt. In the report, he noted that there are more than 400 different decentralized applications in the altcoin network, from p2p exchangers to NFT marketplaces. At the same time, according to Shah, Ethereum can become a blockchain for expensive transactions, identification, storage and supply chain.

In the crypto industry, the throughput of various blockchains is often compared with that of Visa. The payment system claims that it can process up to 24 thousand transactions per second, while on average this value is 1.7 thousand. For Ethereum, the transaction speed is limited to 15 on average. Because of this, the network often experiences problems under increased load, and commission costs rise exponentially.

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