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.
Related Terms
ROI
Short for “Return on Investment”, the ratio between the net profit and cost of investing.
HODL
A crypto slang of saying holding the assets rather than selling it.
A crypto slang encouraging investors to hold on to their assets rather than selling it.
Bearish
A term used to indicate negative sentiment towards the market or an asset, where investors believe that there will be downward price movement.
Ledger
A record of financial transactions that cannot be changed, only appended with new transactions.
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