My main concern is with mining, specifically with how long it takes to mine a block and why we use mining.
A block is mined averagely every ten minutes. It could be less than it or it could be more it depends on the amount of hash rate used. Just to keep this ten minutes in check we have to difficulty adjustment in every 2016 blocks approximately 2 weeks.
- What does the term "difficulty" in mining mean, and why is there difficulty in mining?
Difficulty is a bitcoin mechanism that keeps the mining of bitcoin block on average ten minutes. The reason because as more sophisticated mining tools are produce the