What Is Hash Rate, and Why Is It Skyrocketing?

Bitcoin's (CRYPTO: BTC) value in U.S. dollars has reached all-time highs in recent weeks. As the price climbs, so does the Bitcoin network's hash rate -- or the computing power being used to verify transactions and mine new Bitcoin. 

But what exactly is hashrate, and does it matter? Here's what you need to know.

Image source: Getty Images.

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Source Fool.com