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

Scrypt

one of the hashing algoritm used in proof-of-work protocol, scrypt requires more memory in order to performing mining functions

Proof-of-Developer (PoD)

A concept of identifying the developers of a project as a means of vouching reputation for a project

Decentralized Finance (DeFi)

Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free.

Stablecoin

Cryptocurrency with a price peg to fiat currencies or commodity.

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