The year for Bitcoin — A 2021 roundup of the flagship crypto

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While the price of Bitcoin continued to mostly impress in 2021, BTC was in the mainstream news for a whole load of different reasons.

To be a bit more technical, the update enhances the efficacy of certain multisignature setups all while making individual transactions on the Lightning Network more secure and privacy-oriented.

Following the mass exodus that took place after the ban came into effect, Bitcoin’s hash rate dropped quite to record lows — sliding from around 180 exa-hashes per second to about 90 exa-hashes per second — only to make a swift recovery shortly thereafter. Much of the BTCs hash rate recovery wasto miners migrating to more hospitable parts of the world including the United States of America, Kazakhstan, Canada, Belarus, etc.

Other organizations that also made sizable donations to help spur the growth of the Bitcoin ecosystem included Chaincode Labs, the Humans Rights Foundation and a cryptocurrency exchange BitMEX, whose grants were meant to

Source: Digital Coin News (digitalcoinnews.net)

 

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