On-chain data shows the Bitcoin Difficulty is set to see yet another increase in the upcoming adjustment, resulting in a new record for the metric.
Bitcoin Difficulty Will Reach A New ATH On Wednesday
The “ Difficulty ” is a feature built into the Bitcoin blockchain that controls how hard the miners would find it to mine blocks. The metric’s value changes about every two weeks in network “adjustments.”
The Difficulty is fully controlled by the code that Satoshi wrote in, meaning that these adjustments happen without intervention from a human or an organization.
The pseudonymous Bitcoin creator integrated one simple rule for the blockchain to follow: keep block time (that is, the average time it takes miners to find a block) consistent around 10 minutes. Satoshi added this feature to