Blockchain basics - What is hashrate? | NiceHash
https://www.nicehash.com/blog/post/blockchain-basics-what-is-hashrate
WebSep 15, 2021 · Basics. Hashrate is a component of Proof of Work consensus. Proof of Work assures a competitive system between multiple participants (miners) who, simply put, attach new transactions to the blockchain, therefore confirm the transactions.
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