So, in our case, we would change the nonce and hash again, repeating until finding a hash with the necessary number of zeros:
Block:
– Hash of the previous block: abc123
– Timestamp: 1637284650
– Nonce: 1 (changed)
– Transactions: 1. Tx1: 10 BTC from A to B 2. Tx2: 5 BTC from C to D 3. Tx3: 3 BTC from E to F …
And we repeat:
Hash = SHA-256(abc123163728465011Tx1Tx2Tx3…)
The nonce is an unsigned integer that can take any value in the range of 0 to 4,294,967,295 (2^32 – 1) in Bitcoin. This range covers all 32-bit numbers since the nonce is typically stored in a 32-bit field in the header of a Bitcoin block.
I believe, even someone who own a lot Bitcoin and know the reason why they invest in this currency, didn't even know what you said above. Block:
– Hash of the previous block: abc123
– Timestamp: 1637284650
– Nonce: 1 (changed)
– Transactions: 1. Tx1: 10 BTC from A to B 2. Tx2: 5 BTC from C to D 3. Tx3: 3 BTC from E to F …
And we repeat:
Hash = SHA-256(abc123163728465011Tx1Tx2Tx3…)
The nonce is an unsigned integer that can take any value in the range of 0 to 4,294,967,295 (2^32 – 1) in Bitcoin. This range covers all 32-bit numbers since the nonce is typically stored in a 32-bit field in the header of a Bitcoin block.
People don't have to understand the technical thing to invest in Bitcoin, they only need to understand basics computer security, compare Bitcoin with banks, fiat and other assets, that's. So, when they understand what actually Bitcoin is different and offer use cases that you can't find from other assets, it's enough.
Frankly I don't want to convince my parents to buy Bitcoin, they know what I'm doing, so if they're interested, they should open a discussion about it with me.