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
Mining Contract
Another term for cloud mining, where users can rent or invest in mining capacity online.
Market Order / Market Buy / Market Sell
A market order is a buy or sell order of stocks or cryptocurrency at the best price available in the current market as soon as possible.
Circulating Supply
An approximation of the number of coins or tokens that are currently not locked and available for public transactions.
Faucet
A faucet usually represents a site or app where a user can navigate to for small rewards repeated over time.
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