What is nonce in blockchain?

devquora
devquora

Posted On: Feb 25, 2020

 

The nonce is the short form for Number Only Used Once is a number added to an encrypted block in a blockchain, which when rehashed, meets the difficulty level limitations. The nonce is the number that digital miners are solving for and when a solution is found, blockchain miners are awarded cryptocurrency in exchange. Once the scientific computations are interpreted by a miner, they are gifted cryptocurrency for their time and skill. The nonce is difficult to find and is considered a way to wipe out the less talented crypto miners.

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