What is a nonce in blockchain?
A nonce, an abbreviation for "number used once," holds a special place in the blockchain ecosystem, particularly in the context of the proof-of-work (PoW) consensus mechanism. During the mining process, each block in a blockchain is assigned a nonce, and it plays a crucial role in ensuring the security and integrity of the entire system. In the realm of blockchain, a nonce acts as a cryptographic puzzle—a variable manipulated by miners to generate a hash value that meets specific criteria. Miners iterate through various nonce values until they discover a hash that satisfies the predetermined requirements, often involving a specific number of leading zeros. This iterative process, known as mining, is fundamental for maintaining the security of the blockchain.
Read the article on our blog: https://ownrwallet.com/en/blog/what-is-a-nonce-in-blockchain-ownr-wallet/