Further to an article I've wrote recently to highlight that the sudden hash rate loss in Bitcoin Network is expected to be of a huge impact on the next difficulty adjustment for November, it appears that the adjustment is materializing into one of the most prosperous mining periods since the halving.
The current period of prosperity didn't come with no cost, in fact the network has suffered quite substantially first of all in terms of losing its hash rate with a drop to the lows we haven't seen in years.
The fall of 50% hash rate around 24th of October has resulted in clogging up the network for couple of days and the network remained overfilled with transactions and many having to pay high fees to transact effectively on the blockchain.
Although the hash rate has not recovered significantly just yet, the network appears to be no longer getting clogged up and appears to be quite healthy.
The beauty of the recovery is that the Network does not only rely on hash rate bouncing up but also has other programmed means of recovering, one of which being the difficulty adjustment which happens on 2 week cycles (or 2,016 block periods).
The current cycle of difficulty adjustment noted on 3rd of November has observed the biggest ever reduction in the past 9 years with the difficulty reducing by over 16%.
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