The hashrate of a cryptocurrency like Litecoin plays a crucial role in determining the network's security and stability. A higher hashrate indicates more computational power being used to mine and validate transactions on the network, which makes it more difficult for malicious actors to launch attacks such as double-spending or a 51% attack.
With a higher hashrate, the network is more secure as it becomes increasingly costly and resource-intensive for an attacker to overpower the network and manipulate transactions. This ultimately increases the overall stability and reliability of the Litecoin network, making it less vulnerable to cyber threats.
Therefore, maintaining a strong and stable hashrate is essential for ensuring the security and stability of the Litecoin network.
