Definition of Difficulty

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.

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Related Terms

Mempool

It is the abbreviation of Memory Pool. Set of unconfirmed transactions in a blockchain

Web3 Wallet

Web3 Wallet is the software that allows you to interact with web 3.0.

Mt. Gox

Mtgox or Mt. Gox was one of the first websites where users could take part in fiat-to-bitcoin exchange (and vice versa).

Market capitalization (market cap)

In Crypto, market cap is measured by multiplication of the circulating supply of tokens or currency and its current price

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