Crypto News

With the rise in popularity of cryptocurrencies, there has been a surge in demand for mining services, resulting in an increase in the number of miners joining the network. This has led to fierce competition among miners to secure new blocks and earn block rewards, leading to the development of advanced mining hardware and techniques. Bitcoin Dominance Bitcoin, being the first and most well-known cryptocurrency, has established its dominance in the market. This dominance is often referred to as the "Bitcoin Dominance Index" or BDI, which measures Bitcoin's market share in comparison to other cryptocurrencies. Currently, Bitcoin's dominance stands at around 60%, with the remaining 40% shared among thousands of other cryptocurrencies. Mining Difficulty As more miners join the network, the difficulty of mining Bitcoin increases. This is due to the network's algorithm, which adjusts the mining difficulty every 2016 blocks to maintain a consistent block produc...