Bitcoin experienced its largest difficulty adjustment since the China mining ban, a move that has led to widespread panic despite being a sign of the protocol’s proper functioning. This adjustment is part of Bitcoin’s inherent difficulty adjustment mechanism, which recalibrates mining difficulty every 2016 blocks to maintain stable block production, highlighting the system’s resilience and long-term security. Recent shifts in global mining trends have further underscored the importance of such adjustments in preventing centralization and promoting a distributed hash power network.
Bitcoin undergoes largest difficulty adjustment since China mining ban
