Nonce
By CoinGecko | Updated on May 31, 2021
In cryptography, Nonce is an abbreviation for the term ‘number only used once’ It is similar in spirit to a nonce word, hence the name. It is often a random or pseudo-random number issued in an authentication protocol to ensure that old communications cannot be reused in replay attacks It is of vital importance next to the hash in the verification of data from the Bitcoin blockchain network.
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Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
KYC (Know Your Customer)
KYC stands for "Know Your Customer", a process for business entities are required to verify its clients and assessing them.
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