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0.25%
1.22%
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0.57%
0.62%
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1.02%
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0.41%
0.68%
8.69%
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0.68%
1.54%
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LINK
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ADA
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6.92%
LTC
$48.79
0.16%
0.25%
1.22%
BTC
$78,452.50
0.26%
0.57%
0.62%
ETH
$2,470.28
0.30%
0.20%
1.02%
BNB
$694.31
0.41%
0.68%
8.69%
XRP
$1.39
0.56%
1.87%
8.85%
SOL
$103.67
0.20%
0.68%
1.54%
TRX
$0.33857196
0.74%
1.74%
9.99%
DOGE
$0.08377598
0.31%
0.12%
0.44%
LINK
$11.45
0.62%
1.51%
12.19%
ADA
$0.19836213
0.64%
0.29%
6.92%
LTC
$48.79
   /       /       /    What is a nonce (Nonce) in cryptocurrencies?

What is a nonce (Nonce) in cryptocurrencies?

Что такое нонс (Nonce) в криптовалютах?


A nonce (nonce, from "number used once") is a special number that miners substitute into a block header when hashing it. By changing the nonce, a participant gets a new block hash each time without affecting the transactions inside it. In essence it is a "dial" used to select a suitable result.

The goal of the search is to find a hash that satisfies a condition set by the current network difficulty (for example, that begins with a certain number of zeros). Since the result of hashing cannot be predicted in advance, the only way is to sequentially go through nonce values, trying one after another. In the process of finding a new block, a huge number of different nonces are generated.

This mechanism underlies the Proof-of-Work algorithm: the computations spent on the search serve as proof of the work done. When a suitable value is found, the block is considered "solved", and any participant can easily and quickly verify the correctness of the result by simply recalculating the hash.

27-07-2019
Glossary of Terms / Cryptocurrency Terms and Definitions

Cryptocurrency Terms and Definitions

What is SHA-256 in cryptocurrencies?What is SHA-256 in cryptocurrencies?What is a block reward (Block reward) in cryptocurrencies?What is a block reward (Block reward) in cryptocurrencies?What is Proof of Work (PoW)?What is Proof of Work (PoW)?What is Proof of Stake (PoS)?What is Proof of Stake (PoS)?

Random quote about money

"Финансовая деятельность – искусство или наука, управлять доходами и ресурсами для пущей выгоды управляющего."

Амброз Гвиннет Бирс

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