Sentences with phrase «whereas bitcoin»

As it currently stands, Ripple transactions are confirmed within seconds, whereas bitcoin needs roughly 10 minutes.

Whereas Bitcoin, as a base unit, exists on the internet right from the start.

Whereas bitcoin has struggled with mainstream adoption as a unit of transaction, Litecoin appears to be making faster progress in terms of transaction speed and affordable fees.

Whereas Bitcoin has a defined a block size limit of 1 MB, the Ethereum block size is based on the computational complexity of the smart contracts.

As a matter of fact, when Litecoins first came into existence, their creator, Charlie Lee, envisioned them as a currency used for transactions, whereas Bitcoin would become used as a tool to store value.

Ergo, this is why Litecoin was dubbed as silver for the cryptocurrency world, whereas Bitcoin was designated as gold.

Finally, the company believes that it has superior tech, claiming that it can process 70,000 transactions a second, whereas the Bitcoin transaction speed is a comparatively paltry seven transactions per second, though the community is looking to double that with new software.

Therefore, they've been branded as the «silver» of the industry, whereas Bitcoin is the «gold.»

These factors can deter people from adopting new altcoins, whereas Bitcoin has obtained sufficient trust among people as an alternative to national currencies.

Emerging Markets Whereas bitcoin exchanges and information are prized on other parts of the globe, in Nepal dealing in the world's most popular cryptocurrency will get businesspeople arrested.

As a cryptocurrency, the Stratis token is designed specifically for the Stratis platform, whereas bitcoin can be used anywhere vendors accept it.

Ethereum was crowdfunded, whereas Bitcoin was released — with most of the 21 million Bitcoins in existence being owned by early miners.

Whereas Bitcoin and other cryptocurrencies were developed for the sole purpose of being a Peer - to - Peer digital currency, Ethereum was developed as a concept for running decentralised applications.

But, whereas bitcoin and other cryptocurrencies perhaps sought to create wholly new financial systems, distributed ledger projects are aimed at reducing settlement times and enhancing security in traditional financial environments, a context that colored Carney's statements.

This solution, however, merely defers the capacity problem, whereas Bitcoin Unlimited seeks to enable larger blocks and achieve significant on - chain scaling of the bitcoin network.

Litecoin founder Charlie Lee put it a little more diplomatically when he said, «Litecoin will provide a niche where it will be more used for payment, whereas bitcoin will be more used for storing.»

In other words, the stock market tends to correct about once every two years, whereas bitcoin has a substantial move lower about every two to three months.

From a business point of view, Neelima noted that «some credit card transactions could take up to two days» to come through whereas the bitcoin transfers are much faster.

Whereas the Bitcoin creator «walked away» (or is he lurking in the CoinDesk comment section?)

Ethereum's operative space is different from Bitcoin whereas Bitcoin is a store of value, Ethereum is a protocol and being fundamentally more strong than Bitcoin it may survive the shock but not to the full extent of its potential since it also belongs to the same sector.

Whereas Bitcoin conferences might have been heavy on theoretics about liberating the world's unbanked, the blockchain conference has a much more generalized focused.

Whereas bitcoin investors are mostly concerned with keeping the blockchain decentralized, backers of BCH want a more efficient payment system.

With the cryptocurrency market acting poorly the last couple of weeks, Ethereum is down only 25 % from its all - time high, whereas Bitcoin is down nearly 50 %.

Finally, Litecoin transactions are virtually zero whereas bitcoin is subject to transaction fees that change based on network activity.

Comparatively, Dudas only sees about 8 % increase in the price of gold between now and the end of 2018 even with volatility on its side, whereas Bitcoin this year has grown from $ 1,000 to an all - time high near $ 20,000.

Its market capacity is currently $ 52 billion, whereas Bitcoin Cash has dropped to around $ 45 billion due to recent selloffs.

Whereas bitcoin investors are mostly concerned with keeping the blockchain decentralized, backers of BCH want a more efficient payment system.

Whereas Bitcoin seems to extend transaction throughput by way of progressive options comparable to SegWit and Lightning Community and using «off - chain» applied sciences, Bitcoin Money seems to extend capability on the base layer, or «on - chain», of the protocol by way of periodic blocksize will increase.

Whereas bitcoin has struggled with mainstream adoption as a unit of transaction, Litecoin appears to be making faster progress in terms of transaction speed and affordable fees.

In addition, Litecoin can process transactions in 2.5 minutes, whereas bitcoin processes transactions in 10 minutes.

XRP has a big advantage over bitcoin, as it can currently process over 1,000 transactions per second, whereas bitcoin is limited to seven per second.

Whereas bitcoin has a limit of 21 million units, litecoin has a limit of 84 million units.

Fiat currency loses value over time due to inflation, whereas Bitcoin so far has been a deflationary currency, meaning that it gains in value over time despite fluctuations in its exchange rate.

1 — XRP coins have various advantages over BTC coins as they have been built for a variety of purposes in mind whereas Bitcoins are a digital currency built over the blockchain technology.

Not exact matches

Whereas the transaction fee used to be 20 cents per transaction when Steam first accepted bitcoin, the fees jumped a whopping 9,900 % to $ 20, Steam said.

Critics point out that bitcoin in its present form can process just seven transactions per second, whereas a large credit - card company like Visa can comfortably take on tens of thousands.

Certain circles have pointed towards increased Bitcoin Cash trading activity in South Korea as being a catalyst for this growth, whereas others believe it is a sign of a widespread market recovery.

Bitcoin transaction confirmations can take up to 10 minutes, whereas litecoin confirmations come on average every 2.5 minutes.

Bitcoin uses the SHA - 256 hashing algorithm, whereas Litecoin uses Scrypt Proof of Work.

Ethereum on the other hand has no maximum supply, and is capped at an annual rate of 18 million ether — meaning that the purchasing power of a deflationary currency (bitcoin) is expected to rise over time, whereas the value of an inflationary currency (ether) will drop.

«Whereas I said Bitcoin «isn't real» because it has no intrinsic or underlying value, that's certainly true of the dollar and other fiat currencies: there's nothing behind them either.

Whereas, some coins such as Mastercoin and CounterParty use Bitcoin's blockchain to fully secure their own ecosystems.

Whereas if we simply prioritize our feature set, we can and will add advanced smart contracts based on bitcoin when the time is right.

In fact, during the last couple of weeks, authorities in the country have managed to arrest a total of 8 bitcoin miners, who were later accused of stealing energy and cybercrime, whereas others were simply selling ASIC mining hardware.

(Peter Surda): you can not design a synthetic commodity whose supply mirrors macroeconomic aggregates, because these aggregate variables are exogenous to the network (whereas the hashing parameter of networks like Bitcoin only depends on time and the number of blocks in the blockchain, which from a perspective of the network are endogenous), so they can not be unambigiously measured.

It also has the ability, for the benefit of traders, to transact instantly, within seconds, whereas with Bitcoin — there will always be a delay.

Bitfinex, on February 20 2018, announced help for bitcoin deposit and withdrawals utilizing P2SH Segregated Witness (SegWit) addresses whereas GDAX, on February 23, introduced a phased rollout for all its clients.

When requested about Bitcoin's potential, Kelly answered that whereas he used to see crypto as akin to the Internet in 1995, he now understands that a greater comparability is additional again:

While this might sound somewhat similar to Bitcoin, there are major differences between the two, the main one being that Bitcoin is a decentralised currency — a store of value and a means of payment — whereas Ripple focuses on a single use case: sending money as fast as information.

Whereas when it was first released in 2008, it was the blockchain that was serving the ability to trade bitcoins.