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

Buy Wall

Anomalously large buy order(s) at a single price point that reflects as a "wall" in the order book.

Hot Wallet

It is a tool that store your cryptocurrencies and always connected to internet

UTC Time

"Universal Time Coordinated", can be used interchangably with Greenwich Mean Time (GMT).

Block Confirmation

Refers to the number of confirmation a particular block has. Each block ahead of the referenced block adds one block confirmation to it.

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