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What is a nonce actually? #3152

Answered by krakxn
Rdsigma asked this question in Q&A
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@Rdsigma

The nonce concerned with the txn is primarily for ECDSA verification (or public key recovery). It is just a arbitrary number which is used for multiplication to get some point on the elliptic curve. This is so that it is relatively nearly-impossible to guess that point, primarily serving as a security measure as well as for public key recovery.

Then there is the nonce concerned with mining: pending, reported txns from the users are stored in mempools (google mempools) by full-nodes (miners); the block, before starting to mine in PoW, contains these txns partly. This is primarily to "prepare" for the block to be mined, for it to have txns ready (essentially a prototype of the actu…

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