What Is the “Difficulty Target” in PoW?
The difficulty target is a 256-bit number that determines the threshold a valid block hash must be less than or equal to. This target is inversely proportional to the mining difficulty.
A lower difficulty target means a smaller range of acceptable hashes, making it harder to find a valid one, thus increasing the difficulty. The network adjusts this target every 2,016 blocks to maintain the desired block production rate.
Glossar
Target
Precision ⎊ A target, within cryptocurrency derivatives and financial markets, denotes a predetermined price level or state serving as a focal point for trading strategies and risk management protocols.
Block Hash
Hash ⎊ Within cryptocurrency, options trading, and financial derivatives, a hash represents a unique, fixed-size alphanumeric string derived from an input dataset through a cryptographic hash function.
Lower Difficulty Target
Threshold ⎊ The Lower Difficulty Target represents the cryptographic threshold that a candidate block header's hash must numerically fall beneath to be considered a valid Proof-of-Work solution.
Difficulty Target
Challenge ⎊ The Difficulty Target, within cryptocurrency derivatives and options trading, represents a dynamically adjusted threshold influencing mining rewards or contract payouts.