Sentences with phrase «value exchange protocol»

The interconnectedness and sharing of information would be accomplished through Value Exchange Protocol (VEP).

Not exact matches

It does not include software, protocol governing transfers of the digital representation of value, transactions which merchants grant as part of a reward or affinity program in which value can not be exchanged for tender, bank credit, or virtual currency.

Just like HTTP became a protocol for information exchange, Bitcoin, Ripple, and other decentralised ledger - based solutions might be seen as the protocol for value exchange, promising exciting possibilities, some of which are difficult to imagine at this stage.

With multiple exchanges using the same 0x protocol as their infrastructure, they create an open - standard in the exchange of value on the Ethereum network.

Bitcoin is a protocol for exchanging value over the Internet without an intermediary (figure 1).

As used herein, «Digital Currency» means a digital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store of value.

In addition to the normal Disrupt prizes, we will be offering 3 bitcoin for the best use of the Bitcoin protocol — that's $ 1500 worth of value at today's exchange rates.

This protocol aims to maintain fair market value for small tokens that don't have enough traction to get listed on a mainstream cryptocurrency exchange.

Circle is also launching a new blockchain technology dubbed Spark: a protocol for digital wallets to exchange value using blockchains, including bitcoin, as settlement layers.

Still, Ehrsam sought to position Ethereum as moving the development of «digital currency» and its technology forward, emphasizing that Coinbase intends to support both protocols, and that it sees them growing together to become «low - level protocols» in what could be a new Internet for value exchange.

Aside from being simply a store of value and a medium of exchange, the digital protocol token known as Ether has the ability to execute smart contracts, or blocks of code designed to execute a wide spectrum of possible transactions.

They can either receive interest in the form of cash on their loan to the company or they can receive Tokens at a discounted price, which will likely hold great utility value, hold value through their developers protocols and may be tradeable through registered exchanges.

A big part of that was a long - term bet on blockchain and digital currency technology, which we thought held the potential to provide the missing layer of protocols needed for open value exchange.»

«We are still in the early days of this global transformation in value exchange, but the barriers and boundaries are slowly dropping away, replaced with open protocols (e.g., Blockchain), and improved user experiences (e.g., messaging and social payments).