Within the realm of Blockchain & cryptocurrency, Difficulty is a measurement of the computational complexity required by a Proof-of-Work consensus algorithm in order to find a solution to the next block. 

     Due to the open, public nature of Proof-Of-Work blockchains, there must exist a mechanism that balances out the supply issuance rate against the aggregate computational power of the nodes on the network. Difficulty is the parameter that does this. Higher difficulty means that more computational power must be allocated to the solution of the next block and lower difficulty the opposite. 

      Related Terms:



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