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
Bull Market
A bull market indicates the direction of the market going in an upward trend.
Masternodes
Computers that are responsible for processing blockchain transactions and receive a reward when a block is mined.
Directed Acyclic Graph (DAG)
Directed acyclic graphs refers to a data structure that is built in one single direction, yet branches out and never repeats.
Transaction Fee
A payment to the network for performing a transaction to be recorded on the blockchain.
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