What Is the Formula Used to Calculate the Network Difficulty Adjustment?
The Bitcoin network difficulty is adjusted by comparing the actual time it took to mine the last 2,016 blocks to the expected time (2,016 blocks 10 minutes/block = 2 weeks). The new difficulty is calculated by multiplying the current difficulty by the ratio of the expected time to the actual time.
This ratio determines the magnitude of the adjustment.
Glossar
Bitcoin Network Difficulty
Adjustment ⎊ The difficulty parameter undergoes a programmed adjustment approximately every 2,016 blocks, designed to normalize the average block generation time to ten minutes.
Network Difficulty
Algorithm ⎊ The network difficulty, fundamentally, represents a dynamically adjusted parameter within blockchain systems, primarily designed to maintain a consistent block generation rate irrespective of computational power fluctuations.
Difficulty Adjustment Formula
Algorithm ⎊ The Difficulty Adjustment Formula (DAF) within cryptocurrency networks, particularly proof-of-work systems, represents a dynamic mechanism designed to maintain a consistent block generation rate irrespective of fluctuating computational power.