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

Margin Trading

It is a way of investing by borrowing money from a broker (or in crypto, an exchange or platform) to trade

Variable Buy/Sell Tax

On-chain buy sell tax rate that is not fixed, whereby it is possible for contract owners to change at will.

All-Time-Low (ATL)

The lowest point (in price, in market capitalization) that a cryptocurrency has been in history.

Proof of Work (PoW)

A consensus algorithm in which a block is validated via mathematical hashing

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