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What does 'non LHR' mean in the context of cryptocurrency?

avatarSneha PanthiDec 26, 2021 · 3 years ago3 answers

In the context of cryptocurrency, what does the term 'non LHR' refer to and what implications does it have?

What does 'non LHR' mean in the context of cryptocurrency?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    In the world of cryptocurrency, 'non LHR' stands for 'non-Low Hash Rate'. It refers to a situation where a blockchain network experiences a lower than usual hash rate. This can happen due to various reasons such as a decrease in mining activity, network congestion, or a temporary disruption in mining operations. When a cryptocurrency network has a non LHR, it can lead to slower transaction confirmations and potentially increased vulnerability to attacks. It is important for cryptocurrency enthusiasts and investors to monitor the hash rate of a network to understand its overall health and security.
  • avatarDec 26, 2021 · 3 years ago
    When we talk about 'non LHR' in the context of cryptocurrency, we are referring to a situation where the hash rate of a blockchain network is lower than expected. The hash rate is a measure of the computational power dedicated to mining and securing the network. A non LHR can occur due to various factors such as a decrease in mining activity, changes in mining difficulty, or network congestion. It is important to note that a non LHR does not necessarily indicate a problem with the network, but it can have implications for transaction confirmations and network security.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, explains that 'non LHR' refers to a situation where the hash rate of a cryptocurrency network is lower than usual. This can happen due to factors such as a decrease in mining activity or network congestion. When a network has a non LHR, it can result in slower transaction confirmations and potentially increased vulnerability to attacks. It is important for cryptocurrency users to be aware of the hash rate of a network they are transacting on to ensure smooth and secure transactions.