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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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Related Terms

Centralized
An organization structure wherein a small handful of actors have control over the entire network.
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An approximation of the number of coins or tokens that are currently not locked and available for public transactions.
Utility Token
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