What is Difficulty

Difficulty in cryptocurrency is a concept related to mining and is used to describe how complex it is to solve a cryptographic problem, adding a new block to the chain.

 

Taking the case of Bitcoin, the difficulty has been increasing over the years with the increase of the currency’s adoption. At its early beginnings, bitcoin transactions could have been validated using an average computer. Today, mining requires advanced computers with immense computational power such as ASICs.

Difficulty

Difficulty is how complex it is to solve a cryptographic problem.

Related terms

Double Spending Decryption Deep Web Distributed Ledger Technology (DLT) DeFi DeX

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