Bitcoin (BTC) did not demand a multi-trillion dollar rescue package to continue functioning after crashing 60% in hours.

That was the decision from analyzing the latest blockchain data, which showed that Bitcoin's hash charge per unit rebounded in contempo weeks.

BTC 16% difficulty drop steadies network

Figures from monitoring resource Blockchain confirm that since March 21, the hash rate has expanded by over 10%.

The move was made possible by Bitcoin'southward difficulty lowering, in order to make mining more economical for network participants.

Hash rate refers to the calculating power which miners devote to validating the Bitcoin blockchain. The higher the number of hashes per second, the more implied ability at that place is.

Hash rate goes hand in paw with difficulty, which is an expression of how intensive it is to solve the equations to find the solution for blocks of Bitcoin transactions.

Bitcoin hash rate 6-month chart

Bitcoin hash rate 6-month chart. Source: Blockchain

In March, the toll nosedived, which later meant it was unprofitable for some miners to keep. Thereafter, Bitcoin'southward difficulty dropped 16%, reversing the downward spiral of less miner participation and therefore preserving network security.

The next difficulty change is gear up for April 8, and should brainstorm to see the number rise in one case more than, estimates from BTC.com propose.

The phenomenon puts Bitcoin firmly at odds with the fiat economy, which depends on central banks and governments intervening in guild to survive. This, in plow, is a production of governments refusing to permit free markets with the use of "difficult" money.

"No bailouts required," Canadian exchange Shakepay summarized almost hash rate performance.

Difficult money takes care of itself

As Cointelegraph noted concluding week, Bitcoin is de facto the "hardest" money there is. Unlike aureate, verification is built into how Bitcoin functions.

Bitcoins cannot be faked, and whatsoever endeavor to increase the supply must gain approving by a majority of miners — something they will non do, equally it would reduce their income.

Separately, if Bitcoin'south price increases, its supply cannot be mined any faster than the block reward released roughly every ten minutes.

As Saifedean Ammous explains in his popular volume, "The Bitcoin Standard," this ensures that, different any other money in history, participants cannot devote excessive time and energy to making more units of Bitcoin the currency more quickly.