Reassuring its place as probably the most resilient blockchain community towards assaults, the Bitcoin community recorded a brand new all-time excessive community problem for the second time this month in April — leaping from its previous all-time high of 28.587 trillion to 29.794 trillion.

Larger community problem calls for higher computational energy to efficiently mine a Bitcoin (BTC) block, which prevents unhealthy actors from taking up the community and manipulating transactions, also called double-spending.

As evidenced by knowledge 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 considerations in regards to the community’s vulnerability.

Bitcoin community problem. Supply: Blockchain.com

Additional cementing Bitcoin’s resilience towards 51% assaults, on April 28, the Bitcoin community hash price, too, recorded a new ATH of 258 EH/s. As proven under, the community hash price eased right down to the 220 EH/s mark by the tip of the month with no seen destructive impression on the BTC community problem.

Bitcoin whole hash price. Supply: Blockchain.com

The month of April additionally was witness to one of many lowest common transaction charges on the Bitcoin community — the associated fee related to transferring BTC. For the primary time in two years, on April 18, the average BTC transaction fee fell to $1.039, which at its highest was $62.788 in April 2021

While Bitcoin miners continue to pursue the last 2 million BTC into circulation, the community is well-positioned to realize a more moderen all-time excessive with respect to general safety and value.

Associated: Bitcoin hodlers targeting $100K is what’s preventing 40% price drawdown, data suggests

New analysis paints an optimistic image about BTC, underscoring the energy of hodlers hoping for all-time highs.

As Cointelegraph reported, on-chain indicators suggest bullish momentum due to an absence of short-term holders (STHs), as famous by standard analyst “Root:”

“Since we didn’t attain costs above 100K, which so many anticipated, many nonetheless consider it will ultimately occur and would possibly due to this fact maintain on to their cash.”