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Computational power is needed to solve complex algorithms called hash algorithms to provide trustless consensus for proof of work blockchains. The time between block formation (Block Time) depends on the computer power (hash power) in the network that is used to mine transaction blocks: to compensate for this variable, a blockchain adjusts the “difficulty” of solving its hash algorithm to maintain its average block time once a specified number of blocks are mined. For instance, Bitcoin's network adjusts its difficulty every 2016 blocks.



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A term often associated with the phrase “Buy the Dips” and refers to a drop in an asset's price which is caused by a sudden lack of demand for that particular asset.


Distributed Ledger Technology

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A secure, decentralized consensus mechanism that allows the synchronization of digital data across the world. A distributed ledger is thought to be more secure than a private blockchain as altering or compromising the integrity of the data can only be achieved if the majority of its participants collude to change the ledger.