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.

Share this with a friend!

Related Terms

Immutable

A property characterized by inability to be change and stays unchanged over time.

Token Generation Event (TGE)

An event in which new tokens (ussually on a smart contract platform) are created and distributed to the public.

Relative Strength Index (RSI)

Relative Strength Index (RSI) is a popular technical indicator used to analyse financial markets. By charting the current and historical closing prices to evaluate overbought/oversold conditions, RSI oscillates between 0 - 100, with <30 indicating oversold and >70 indicating overbought.

Bull Market

A bull market indicates the direction of the market going in an upward trend.

Hungry for more knowledge?

Glossary