Reassuring its place as probably the most resilient blockchain community towards assaults, the Bitcoin (BTC) community recorded a brand new all-time excessive community problem for the second time this month in April — leaping from its earlier all-time excessive of 28.587 trillion to 29.794 trillion.
Larger community problem calls for higher computational energy to efficiently mine a BTC block, which prevents unhealthy actors from taking up the community and manipulating transactions, also called double-spending.
As evidenced by data from blockchain.com, Bitcoin’s community problem has seen nearly a year-long uptrend since August 1, 2021. Earlier than that, between Could and July 2021, was a timeline when BTC community problem fell almost 45.5% from 25.046 trillion to 13.673 trillion — on the time elevating momentary issues in regards to the community’s vulnerability.
![](https://s3.cointelegraph.com/uploads/2022-04/3e518f6d-bd0e-41c6-8dde-9ed92714ae1f.png)
Additional cementing Bitcoin’s resilience towards 51% assaults, on April 28, the Bitcoin community hash fee too recorded a brand new ATH of 258 EH/s. As proven beneath, the community hash fee eased all the way down to the 220 EH/s mark by the top of the month with no seen detrimental impression on the BTC community problem.
![](https://s3.cointelegraph.com/uploads/2022-04/ce6df936-3d7c-4d9b-b6a2-7ffa46d5523a.png)
The month of April additionally was witness to one of many lowest common transaction charges on the Bitcoin community — the price related to transferring BTC. For the primary time in two years, on April 18, the typical BTC transaction charge fell all the way down to $1.039, which at its highest was $62.788 in April 2021.
Whereas Bitcoin miners proceed to pursue the final 2 million BTC into circulation, the community is well-positioned to realize a more moderen all-time excessive with respect to general safety and worth.
Associated: Bitcoin hodlers focusing on $100K is what’s stopping 40% worth drawdown, information suggests
New analysis paints an optimistic image about BTC, underscoring the power of hodlers hoping for all-time highs.
As Cointelegraph reported, on-chain indicators counsel bullish momentum because of an absence of short-term holders (STHs), as famous by fashionable analyst “Root”:
“Since we did not attain costs above 100K, which so many anticipated, many nonetheless consider this may finally occur and may due to this fact maintain on to their cash.”