How does the Bitwisdom difficulty adjustment algorithm work?

1 answers

• Nov 29, 2021 · 3 years ago
  The Bitwisdom difficulty adjustment algorithm is a key component of the Bitwisdom cryptocurrency network. It helps to maintain a stable block generation time by dynamically adjusting the mining difficulty. This algorithm takes into account the total hashrate of the network and the target block time, which is typically set to 10 minutes. By analyzing the average time it takes to mine a certain number of blocks, the algorithm determines whether the difficulty needs to be increased or decreased. If the average time is greater than the target, the difficulty is increased to slow down block generation. Conversely, if the average time is less than the target, the difficulty is decreased to speed up block generation. This continuous adjustment process ensures that the Bitwisdom network remains secure and efficient.
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