3 ms·
Without the difficulty increases you would get more blocks mined per hour as the mining hardware improves. At some point you'd have multiple chains at once that
by dukeflukem 9y ago
Without the difficulty increases you would get more blocks mined per hour as the mining hardware improves. At some point you'd have multiple chains at once that can grow quickly because its too easy to hash, so effectively forks.
- brucephillips 9y agoThis. Proof of work means votes are apportioned according to computing power, making it prohibitively expensive for an attacker to double spend.