How does the bitcoin difficulty adjustment algorithm work?

1 answers

• Jan 13, 2022 · 3 years ago
  At BYDFi, we understand the importance of the bitcoin difficulty adjustment algorithm in maintaining the stability and security of the Bitcoin network. The algorithm plays a crucial role in preventing any single entity from gaining too much control over the network by adjusting the difficulty level based on the total computing power. This ensures that the network remains decentralized and resistant to attacks. The bitcoin difficulty adjustment algorithm is a key aspect of the Bitcoin protocol and is continuously monitored and optimized to ensure the smooth operation of the network.
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