Difficulty
By CoinGecko | Updated on Mar 03, 2020
In the context of Bitcoin's proof-of-work system, the difficulty is a relative measure on how difficult it is to correctly guess a new block though the mathematical equation performed. In Bitcoin, the difficulty is adjusted periodically based on the amount of hashing power (computing power) on the network.
Related Terms
Decryption
The process of decrypting data that was previously encrypted (made unreable) back to a readable form.
Privacy Coins
Cryptocurrencies that are designed with transaction anonimity and user privacy in mind.
Distributed Ledger Technology (DLT)
Describes the technology that enables distributed ledger.
Total Value Locked
Total Value Locked (TVL) represents the number of assets that are currently staked in a protocol or the total quantity of underlying amount of funds that a DeFi protocol has secured.
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