
Periods when mining hardware is offline (maintenance, outages, failures), reducing profitability.
Decentralized applications running on blockchain networks, typically using smart contracts and offering trustless, permissionless services.
Decentralized Finance; blockchain-based financial services (lending, borrowing, trading) operating without traditional intermediaries.
Distribution of control and data across a peer-to-peer network, eliminating single points of failure or authority.
Peer-to-peer cryptocurrency trading platform using smart contracts, without centralized custody of funds.
Cryptocurrency wallet software installed and running on a personal computer.
Periodic recalibration of mining difficulty (every 2016 blocks in Bitcoin, ~2 weeks) to maintain consistent block times despite changes in total hashrate.
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