The Bitcoin Difficulty

The Bitcoin network difficulty is set to measure the rate to find a new block in comparison to the easiest possible rate it could ever be. It is based on recalculating every block from the very beginning of the Bitcoin mining. As more miners join, the distribution of the block is shared among more miners and the difficulty rises. Any blocks released by malicious miners that do not meet the required difficulty target will simply be rejected by everyone on the network and thus will be worthless.

POSTED 15:20 / 07.09.2018