{"id":160900,"date":"2022-07-23T09:03:27","date_gmt":"2022-07-23T09:03:27","guid":{"rendered":"https:\/\/precoinnews.com\/?p=160900"},"modified":"2022-07-23T09:03:27","modified_gmt":"2022-07-23T09:03:27","slug":"bitcoin-network-difficulty-falls-while-lightning-network-expands","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/bitcoin-network-difficulty-falls-while-lightning-network-expands\/","title":{"rendered":"Bitcoin Network Difficulty Falls While Lightning Network Expands"},"content":{"rendered":"
Bitcoin\u2019s (BTC) network difficulty has dropped by 5.01% for the third consecutive time. This is the longest hash rate correction downwards since June\/July 2021, when China decided to ban Bitcoin miners. Despite the network’s difficulty adjusting lower, the Lightning Network (LN), continues to expand and become stronger as Bitcoin recovers from its most recent price drop.\u00a0<\/span><\/p>\n According to <\/span>data<\/span> shared by BTC.com, Bitcoin\u2019s difficulty has dropped by 5.01% to 27.692T as the hash rate fell from 230m TH\/s in mid-June to 195m TH\/s at the time of writing. As the Bitcoin hash rate drops due to the most recent price decrease, network difficulty follows. This makes it possible for miners that left the market (those that couldn\u2019t be profitable at current BTC prices) to enter once again.\u00a0<\/span><\/p>\nBitcoin Network Difficulty Falls for the Third Time in a Row<\/span><\/h2>\n