VBit Crypto Mining Glossary

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NODE – Any computer that connects to the Bitcoin network is called a node. Nodes help to decentralize the Bitcoin network.

NON-CUSTODIAL – referring to the wallet, it is a non-custodial setup in which private keys are held by the user directly.

NOUNCE – is the abbreviation for “number only used once” and represents that number miners are trying to solve. It is the number which when added to a block and rehashed meets the required difficulty level restrictions set by the network. It is the heart of Proof-of-Work mining and is constantly adjusted by miners.

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