STENOK on Nostr: A new format, let me know what you think! BITIONARY the #Bitcoin dictionary NONCE: ...
A new format, let me know what you think!
BITIONARY the #Bitcoin dictionary
NONCE: Number used once, or single-use number. It's a random number that, in essence, has "no use" other than changing the final hash of a block. But it's actually a very important number.
A miner inserts, in the block he wants to create, the hash of the previous block, the transactions (fitting them in the available space based on size and fee) and then inserts the nonce, any number, and executes the hash Changing the NONCE changes the hash of the block in unpredictable ways.
Then a miner modifies the nonce until he finds a hash compatible with the difficulty required by the network at that time. (Amount of leading "zeros") It's really a "trial game" and it's essential that it be like this, completely random, otherwise the race between miners would not be honest and based only on computing power.
Yes , it is easy to understand that the more attempts (changes to the nonce) you can make per second, the more likely you will be to obtain a hash that starts with a quantity of zeros compatible with the difficulty required by the network.
BITIONARY the #Bitcoin dictionary
NONCE: Number used once, or single-use number. It's a random number that, in essence, has "no use" other than changing the final hash of a block. But it's actually a very important number.
A miner inserts, in the block he wants to create, the hash of the previous block, the transactions (fitting them in the available space based on size and fee) and then inserts the nonce, any number, and executes the hash Changing the NONCE changes the hash of the block in unpredictable ways.
Then a miner modifies the nonce until he finds a hash compatible with the difficulty required by the network at that time. (Amount of leading "zeros") It's really a "trial game" and it's essential that it be like this, completely random, otherwise the race between miners would not be honest and based only on computing power.
Yes , it is easy to understand that the more attempts (changes to the nonce) you can make per second, the more likely you will be to obtain a hash that starts with a quantity of zeros compatible with the difficulty required by the network.