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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.

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Related Terms

YTD
Acronym for Year-to-date
Side Chain
A separate blockchain ledger that runs parallel with the primary blockchain.
Utility Token
cryptocurrency tokens with specific utilities on a network besides being used as medium of exchange and investment vehicle.
Blockchain
In Bitcoin's case, blockchain describes its decentralized, public ledger which contains transactional information.
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