Glossary: Nonce

Glossary: Nonce

A nonce is a random number miners change repeatedly while hashing to find a valid block hash below the target difficulty.

Glossary: Block Height

Glossary: Block Height

Block height is the position number of a block in the blockchain, counting from the first block ever created.

Glossary: Block Time

Glossary: Block Time

Block time is the average amount of time it takes for miners to find a new block and add it to the blockchain.

Glossary: Merkle Root

Glossary: Merkle Root

A single hash that represents all transactions in a block, created by combining transaction hashes in a tree structure.

Glossary: Confirmation

Glossary: Confirmation

A block confirmation occurs when a new block is added on top of the block containing your transaction, making it harder to reverse.