The difficulty adjustment algorithm (DDA) regulates the mining difficultyMining difficulty is a unit of measurement used to indicate how difficult it is to find a hash below a... Read More of a blockchainAs a distributed ledger technology (DLT), a blockchain is a digital ledger that can create an immutable record of transactions.... Read More to keep it constant despite changes in hashing power on the blockchain networkA blockchain network is a decentralized system that allows for peer-to-peer transactions. The main components of a blockchain network are... Read More. The DAA ensures that miners consistently find blocks at an even rate, regardless of sudden fluctuations in hashpower. In the BitcoinBitcoin is a cryptocurrency. It operates without the need for a central authority like a central bank or a company,... Read More proof-of-work system, “difficulty” is a relative measure of how hard it is to guess (correctly) a new blockA block is a specific type of construct in a blockchain that stores transactional information blocks typically contain transaction information... Read More on the network using the performed mathematical equation. The difficulty of BitcoinOne bitcoin is a unit of the virtual currency called Bitcoin. BTC is the ticker symbol for Bitcoin, and refers... Read More is adjusted periodically based on the amount of hashing power on the Bitcoin networkBitcoin network is the decentralized peer-to-peer network that powers the Bitcoin blockchain and processes all transactions on the blockchain. Read More (in other words, the computational power required to solve the complex mathematical problems necessary to verify transactions on the Bitcoin blockchainThe Bitcoin blockchain is a shared public ledger that records all bitcoin transactions. It is constantly growing as "completed" blocks... Read More) — the difficulty adjustment.
