What is block.nnonce (What does block mean)

What is block.nnonce? According to IMEOS reports, block.nnonce is an open-source public blockchain software system. The structure of this system includes: developers can use it to build applications, wallets, and infrastructure; execute smart contracts and interact with code libraries, etc., thus achieving a wider range of functions, such as decentralized exchanges and NFT markets, etc.

At the same time, in terms of introduction, the architecture and functional characteristics of block-nnonce are mentioned. Block is a forward-looking protocol for managing NFT assets and dApps in the network.

What does block mean?

Block is the core concept of blockchain. The Chinese name of block is Byzantine Fault Tolerance, which realizes a series of application scenarios such as clearing and settlement, peer-to-peer payment, and settlement through encryption technology. Block is a protocol that connects smart contracts on the Bitcoin blockchain with the Ethereum Virtual Machine (EVM). It is a new type of computer code architecture. Its characteristics are: data transmission can be carried out without a central node, and it can effectively solve these problems when the network encounters problems. The goal of Block is to build a decentralized internet system that allows anyone to join and become a member.

The purpose of Block is to make applications on the blockchain easier to use, to create better services for people, reduce interference from intermediaries, increase transaction costs, and improve efficiency. (Block Disclaimer: “Block” does not mean that all users need to create their own accounts to participate in the behavior. It is a voting mechanism initiated by the community and is also part of governing the entire system.)