Network hash rate refers to the total computational power being used to mine and process transactions on a blockchain. It is measured in hashes per second (H/s) and indicates how many calculations are being performed by all miners in the network.A higher hash rate means more processing power, making it more difficult for any single entity to control the blockchain and enhancing overall security. It also reflects the network’s health; a significant drop in hash rate might indicate that miners are leaving, which can lead to slower transaction confirmations.The hash rate influences mining difficulty as well. When more miners join, the network adjusts the difficulty to ensure transactions are processed at a steady rate. Consequently, fluctuations in hash rate can affect mining rewards and potentially the price of the asset itself.Overall, network hash rate is a key indicator of both the security and efficiency of a blockchain platform.