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
Zero Knowledge Proof
Cryptographic proof for 2 parties to verify a value without revealing what the value is.
Zero Confirmation Transaction
Another name for "unconfirmed transaction"
Circulating Supply
An approximation of the number of coins or tokens that are currently not locked and available for public transactions.
Block Explorer
Application or websites which display information such as status of transactions or data contained in a block of a given public blockchain network.
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