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Onchain Economics

Nonce

A number used once, particularly in mining where it's varied to find a valid block hash.

In-Depth Explanation

In proof-of-work mining, the nonce is the variable miners change to produce different hashes. They increment the nonce, hash the block header, check if it meets difficulty requirements, and repeat billions of times. In transactions, nonces prevent replay attacks by ensuring each transaction from an address has a unique sequence number.

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