Fix difficulty adjustment formula in Chapter 12 #4
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Fix Difficulty Adjustment Formula
Issue Description
In Chapter 12 (Mining), there is an error in the Bitcoin difficulty adjustment formula. The current formula is:
New Target = Old Target * (20,160 minutes / Actual Time of Last 2015 Blocks)
This formula causes the difficulty adjustment to work in the opposite direction of what is intended:
Changes Made
Modified the formula to:
New Target = Old Target * (Actual Time of Last 2015 Blocks / 20,160 minutes)
Rationale
Impact
Testing