coingecko (thumbnail mini)
Continue in app
Track prices in real-time
coingecko (thumbnail mini)
Continue in app
Track prices in real-time

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.

Share this with a friend!

Related Terms

Mempool
It is the abbreviation of Memory Pool. Set of unconfirmed transactions in a blockchain
Web3 Wallet
Web3 Wallet is the software that allows you to interact with web 3.0.
Mt. Gox
Mtgox or Mt. Gox was one of the first websites where users could take part in fiat-to-bitcoin exchange (and vice versa).
Market capitalization (market cap)
In Crypto, market cap is measured by multiplication of the circulating supply of tokens or currency and its current price
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.