Blockchain Glossary

Difficulty

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This is the parameter that the bitcoin and cryptocurrencies used to keep an average time between the blocks steady since the network’s hash power changes. The cryptocurrencies that use the proof of work blockchains are maintained via a process known as mining.

In such a system, the miners running a cryptocurrency software client complete to find the new block that adds the recent batch of the transaction data on a chain. They usually receive the fees and a reward of a new token.

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