The hash rate measures the computational power and efficiency of a network. It indicates how many hash functions a transaction processor’s hardware can handle per second. A higher hash rate means a processor can perform more computations in a given time frame.
The hash rate is vital for ensuring a network’s security. With an increased hash rate, it becomes harder for malicious entities to breach the system. A blockchain with a high hash rate distributes substantial computational power across its network, requiring attackers to have enormous processing strength to overcome it, which is impractical for most.
