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
Market capitalization (market cap)
In Crypto, market cap is measured by multiplication of the circulating supply of tokens or currency and its current price
Block Height
A number that is used to indicated the position of a particular block within a blockchain
Block Reward
One of the mechanisms built into a blockchain to incentivize validators
Market Taker
Participant of the market who buys and sells from currently existing orders
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