There are plenty of exciting things that happen within the Bitcoin network. All the programmed, pre-defined algorithms make it much like a living organism that adjusts and evolves based on current conditions.
In this article, we take a look at something that’s not heavily discussed all so commonly – the lowest block hash values in BTC’s history.
What is the Bitcoin Hash Value?
To begin, we would first need to clarify what is the hash value. Bitcoin functions based on a consensus algorithm that’s based on the proof-of-work model.
BitMEX Research puts forward a simple definition where the PoW consensus requires miners to attempt finding a block hash for each Bitcoin block with a low enough value to be considered valid.
This block hash value needs to be below the difficulty target, which in turn adjusts automatically once roughly every two weeks. This is done to ensure that the expected time one needs to wait for a Bitcoin block is about 10 minutes. It’s also worth noting that t
We współpracy z: https://cryptopotato.com/the-bitcoin-blocks-with-the-lowest-block-hash-values-in-history-research/
