Definition
An automatic recalibration of Bitcoin's mining difficulty that occurs every 2,016 blocks (roughly two weeks). Ensures blocks are mined approximately every 10 minutes.
Related Terms
DCA (Dollar-Cost Averaging)
An investment strategy where you buy a fixed amount of Bitcoin on a regular schedule, regardless of price. Reduces the impact of volatility over time.
DYOR
"Do Your Own Research." A common reminder in the Bitcoin community encouraging individuals to independently verify information before making decisions.
Custodial Wallet
A wallet where a third party (like an exchange) holds your private keys on your behalf. Convenient but means you don't have full control of your Bitcoin.
Fee
A small payment included with a Bitcoin transaction to incentivize miners to include it in a block. Fees vary based on network demand and transaction size.
Confirmation
When a Bitcoin transaction is included in a block, it receives one confirmation. Each subsequent block adds another confirmation, increasing certainty that the transaction is final.