Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the bitcoin ecosystem, the network has a global block difficulty which is a measure of how difficult it is to find a hash value

In the bitcoin ecosystem, the network has a global block difficulty which is a measure of
how difficult it is to find a hash value below a given target. Given below is the header info of the
the bitcoin blockchain with height =501509. Prove that the difficulty is indeed
1873105475221.611. Hint: The genesis block's target is (0x00ffff *25626
$ bitcoin-cli getblockheader
0000000000000000006c5532f4fd9ee03e07f94df165c556b89c495e97680147
{
...
"height": 501509,
...
"bits": "18009645",
"difficulty": 1873105475221.611,
...
}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Database And Expert Systems Applications 19th International Conference Dexa 2008 Turin Italy September 2008 Proceedings Lncs 5181

Authors: Sourav S. Bhowmick ,Josef Kung ,Roland Wagner

2008th Edition

3540856536, 978-3540856535

More Books

Students also viewed these Databases questions

Question

4. Identify the challenges facing todays organizations

Answered: 1 week ago