BYDFi
Trade wherever you are!
Buy Crypto
Markets
Trade
Derivatives
Bots
Events
common-tag-new-0
Rewards

Which one is more relevant to the cryptocurrency industry, fhr or lhr?

SpitfireMay 06, 2022 · 3 years ago1 answers

In the cryptocurrency industry, which one is more relevant, fhr or lhr? I'm trying to understand which of these two terms holds more significance in the context of cryptocurrencies. Can you provide some insights into their relevance and how they impact the industry?

1 answers

  • May 06, 2022 · 3 years ago
    In the cryptocurrency industry, both fhr and lhr play a significant role in determining the health and security of the network. Fhr, or Fake Hash Rate, refers to artificially inflated hash rates that can be achieved through unethical practices. These practices can include the use of botnets or other means of manipulating mining power. On the other hand, lhr, or Legitimate Hash Rate, represents the genuine computing power dedicated to mining by honest participants. In terms of relevance, lhr holds more importance as it reflects the true strength of the network and ensures the security of the blockchain. Fhr, on the other hand, can undermine the integrity of the network and potentially lead to centralization. Therefore, it is crucial for the cryptocurrency industry to prioritize lhr and discourage fhr to maintain a healthy and decentralized ecosystem.