Video Transcript

Hash power is the projection of raw physical energy into Digital Data otherwise known as Bitcoin and what that means is that with a projection we can consider it at an abstraction and abstractions aren’t the reality because we don’t even truly know how much hash power is online at every given time we

Know exactly how much electricity is being consumed we know what the timestamp output of Bitcoin being produced is but hash power is this weird and wonderful computational bridge between the physical side of Bitcoin and the digital side of Bitcoin so how can you build reality within the abstraction

Of constantly online and offline compute power well this is where the difficulty adjustment comes in which looks at the past 2016 blocks over time and measures them if it’s 10 minutes perfect if it’s quicker than 10 minutes make it more difficult if it’s slower than 10 minutes make it more harder to mine