Level of difficulty in crypto world

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Back to the early era of cryptocurrency, it started when the crypto world grew and was popular, not on the issue of value or the prevailing price as it is today. At that time crypto was more popular with crypto miners who were still based on a proof of work (POW) system. At this time, it can be said that the line of leaders may only be liked by people who are already working in the field of finance or money trading within the economic ecosystem.

In the world of crypto mining, one thing is well known, which can be analyzed in terms of the level of difficulty in mining in terms of the level of difficulty. The level of difficulty is obtained from the amount of hashrate that occurs in the coins that are mined and also the existing mining sites or better known in the crypto world as pools.

Image by Mohamed Hassan from Pixabay 

The greater the level of difficulty, the less income you get, and vice versa. And the crypto mining system also applies. Whoever has a large hashrate means that he will get big results too.

From the problems with the level of difficulty that are present, of course, it is predicted that various things will happen, which means that the miner's value will decrease if the level of difficulty increases. However, this is hoped by crypto creators with the price increases that occur can help with small income problems from the presence of halvings or cutting the amount of reward value obtained. So cutting rewards can make the price of crypto mined increase in terms of price. So the increased value means that even though the amount of income is reduced for miners, it can be covered by the price increase that applies in the end.

The progress of the era and the progress of the world of security in the crypto world are increasingly advanced, giving birth to a new consensus that offers more environmentally friendly language than the previous phase so that various types of proof exist in the form of transactions and one of them is proof of stake (POS). Where the post places more emphasis on existing nodes.

Since the emergence of POS, many crypto coins have eventually migrated to the POS consensus and this is starting to indicate a lack of interest for people to mine plus a higher level of difficulty accompanied by various issues of falling volatile prices can't expect a long-term selling side. Then the world of trading began to take place and exchange places began to appear where traders gathered and made income in the crypto world.

The presence of the post also adds to the growing footprint of crypto progress along with the existence of smart contracts that are present on the Ethereum coin blockchain chain. Blockchain chains that contain tokens in them eventually create the presence of new blockchains that accommodate the supply chain of each coin that is carried. The presence of other smart contracts besides Ethereum which is increasingly widespread presents the need for a bridge between different blockchain chains where the need is to support ease of transaction and look for cheap terms of transaction fees used.

Crypto and its progress create many new developments in the world of its ecosystem, thus creating a level of difficulty that initially only applies to the world of mining and transactions, but now also applies to every existing project. The level of difficulty may have a slightly different meaning and purpose, but at least it can be equated where the level of difficulty at this time is the level of competition and from the adoption that so much hope has in the crypto world.

A new platform may provide a large reward for everyone who becomes an early user when the platform is present. And in the future, there will be a decrease in income due to the increasing number of users who join. So that equal distribution of results applies in such a way, moreover added from the dependence on the number of existing investor funds.

From here it may be taken as an answer to new users or those who are new to crypto as a place to find their income. Where the language of results in crypto really depends on the amount of value, investors, level of difficulty, capital, adoption, luck, and also factors in the economic conditions that occur. It's not just a glimpse of the convenience of the visible amount of value. The ups and downs of the results are very dependent on all factors and become one in the language of the existing level of difficulty. So be aware and want to understand the tidal phase that occurs.

The greater the adoption that is present the better and more advanced of course. But it must also be realized that the greater the level of difficulty obtained, the more not ease of getting it.


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