Bitcoin Network Reaches 1 Zetahash per Second as Institutions Hold 12.3% Supply

Recent data shows the Bitcoin hashrate hitting 1 zetahash per second, with institutions including Strategy and Metaplanet controlling over 12% of total supply.

BTC

Summary

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Terms & Concepts
  • Hashrate: The total computational power used by miners to process transactions and secure a blockchain network, measured in hashes per second.
  • Zetahash: A unit representing one sextillion (10^21) hashes per second, used to measure large-scale blockchain network hashrates.
  • Bitcoin Supply: The total amount of Bitcoin that exists, including both circulating coins and those held in reserves or by institutions.