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
Custody
Protective care or guardianship of an asset.
Central Bank Digital Currency (CBDC)
It is a digital fiat currency issued by the central banks, contrary to cryptocurrency that issued by non-legislative party.
Mempool
It is the abbreviation of Memory Pool. Set of unconfirmed transactions in a blockchain
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
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