How Does the ‘Target’ Value Relate to the Required Hash in Bitcoin Mining?
The 'Target' is a 256-bit number that dictates the maximum acceptable value for a valid block hash. The difficulty algorithm adjusts the Target; a lower Target means a higher difficulty, requiring a hash with more leading zeros.
Miners must find a nonce that, when hashed with the block data, produces a hash value less than or equal to the current Target.
