Bitcoin's difficulty adjustment mechanism is a critical feature that ensures the stable operation of the network. As more miners compete to solve a block, the difficulty level increases proportionally, thus maintaining a steady mining rate and preventing manipulation of block times. Conversely, if there are fewer miners on the network or hardware changes make mining less efficient, the difficulty adjusts downwards to incentivize miners back onto the network. Ultimately, this system ensures that Bitcoin networks remain decentralized and secure without being vulnerable to external factors like electricity shortages or nation-state intervention. #Bitcoin #DifficultyAdjustment

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