LeoGlossary: Mining Difficulty

1 comment

leoglossary0.613 years ago

The cost of

mining at a particular moment in time.
difficulty will fluctuate depending upon what is going on with the
. This will affect the
users have to pay to send
or
from their
.

We can see this determined by the following:

Number of

that are trying to be confirmed at any single moment in time, divided by the total power of the
on the network at that time, defines the difficulty.

The higher the difficulty, the greater the transaction fee – this is a fluid measurement that moves over time.

This is why the fees on the

and
networks can be
.

Posted Using

Beta

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