Mining difficulty
A measure of how hard it is to find a proof-of-work hash that meets the network’s target.
In more detail
Difficulty helps keep block production near the network's intended average as miners join or leave. Bitcoin adjusts its target periodically based on earlier block timing. It concerns the required hash result, not how complicated the transactions are; a block full of simple payments still needs valid proof of work.
How you might use it
'More miners joined, but blocks aren't meant to stay faster forever.' Bitcoin's next difficulty adjustment responds to the preceding block timing.
- Also called
- Network difficulty
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