Brand strategist | Columnist| Cryptotrading enthusiast
Bard College of Arts
Answers by Bertha
whats hashrate and why does it matter for the blockchain
Simply put, hash rate tells us how efficient a miner's machine is. It measures the number of times a hash function can be calculated by a machine in one second. So bascially, the higher the hash rate the higher the miner stands to earn :)
Also it matters to the blockchain as it kind of powers it. A higher hash rate implies that more number of transcations are getting verified and added as blocks to the blockchain!
How blockchain technology could revolutionize healthcare applications?
At the top of my head, it's definitely going to help data security and provide absolute confidentiality to patients. The blockchain could definitely store financial + patient information securely!
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