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    Nonce

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    Categories: Blockchain

    An arbitrary number used only once in a cryptographic communication, includinge a timestamp. Nonces are used in proof-of-work blockchains to vary the input into a cryptographic hash function, and therefore obtain a unique hash value to satisfy specific arbitrary conditions.

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    Dr Justin Chan founded datadriveninvestor.com, a tech application platform designed to help fund managers, individual investors and data scientists uncover outstanding sources of alpha from data. Previously, he specialized in strategy development in a number of hedge funds and served as a senior quantitative strategist at GMO. An expert in microstructure, market liquidity, and behavioral finance, Dr. Chan holds a doctoral degree from UCLA and served as a finance professor at Singapore Management University. He can be reached at justinchan@datadriveninvestor.com.