Sentences with phrase «allowing different blockchains»

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Advocates for the technology say transparency is ensured by the encrypted audit trail and because blockchains are open and decentralised, allowing different parties to share information.

The technology that powers bitcoin is called «blockchain,» which allows a network of computers to agree at regular intervals on the true state of different types of shared data, like transaction records.

We are convinced that blockchain technology has the ability to transform not only financial services but also other industries... We value Blockstream's open source approach and its sidechain technology, which will allow interoperability between different chains and provide critical long - term success in this sector.

Blockchain technology could also allow for more secure exchanges of information at a faster pace, making it attractive for many different business applications.

NEM has designed a different blockchain, which allows businesses to interface with it.

The BANKEX technical team has recently announced they have developed the world's first private blockchain that supports the Plasma Protocol for public audit which will allow users to transfer different assets directly to each other leaving intermediaries behind and solving one of the most pressing problems of the current crypto world — high gas consumption.

Atomic swaps are also referred to as atomic cross-chain trading because they allow two parties to trade coins despite utilizing different blockchains.

Though this might seem like a novel direction for sidechains, onlookers might be more excited about Blockstream's «other» idea for the technology: to allow the means to move tokens between public blockchains with different rule sets without having to trust an intermediary.

The idea, they described, would allow for the existence of alternative blockchains, perhaps with different rules allowing various kinds of additional features or transaction types, but with a currency unit whose value is pegged to that of the bitcoin.

The ICON Project aims to build a decentralized network that allows independent blockchains with different governances to transact with one another without intermediaries.

This should allow Stellar to show off its roughly two - to - five second processing time, which is light - years quicker than bitcoin's blockchain processing time, as well as its ability to handle multiple different currencies.

Tradeshift's Gert Sylvest: Hyperledger's Modular Approach to Blockchain Allows Trust for Many Different Use Cases

Blockchain allows multiple different parties to securely interact with the same universal source of truth

The development of the Burrow platform is seen as a way to reduce friction among smart - contract platforms by standardizing language at the protocol level and allowing for greater interoperability among different implementations of the ethereum blockchain.

In the Bitcoin news today — Venezuelan authorities are cracking down on Bitcoin mining facilities and are focused on «weakening» these mining operations within the region; Ethereum at a crossroad as corporate interest grows; Last week at the World Economic Forum 2017 Annual Meeting in Davos, Switzerland, the technology firm Bitfury announced the formation of the Global Blockchain Business Council (GBBC); Cryptoseed Adds Security to Your Bitcoin Recovery Seed; Paxful has unleashed their new «Bitcoin Kiosk» widget allowing anyone to buy bitcoin in 300 different ways; A working group within the US central bank believes digital currencies and distributed ledgers could come to have a significant impact on how its citizens and businesses conduct payments — 60 page report.

Plasma allows the existence of several blockchains that are interconnected to each other to process transactions on different blockchains.

As profiled by CoinDesk, sidechains allow for tokens to be traded back and forth between bitcoin and other blockchains with different technical properties.

The goal of the ICON project is to provide an intermediary blockchain which acts as an open source ecosystem to allow different communities, institutions, and block chains to interact while maintaining their autonomy, according to reddit page.

-- Lots of different general purpose blockchain solutions will allow developers to choose the best option as a basis for their decentralized applications.»

Also known as atomic cross-chain swaps, the technology essentially allows two people holding tokens on two different blockchains to trade directly - and instantly - without the risk of one party running off with the other's money before the trade is complete.

Various banks out there are already testing out different blockchain technologies that would allow users to transfer money easier, faster, and cheaper than before.

Sidechains allow Bitcoin to be locked into a peg and to be released on a secondary blockchain as a different asset with new functionalities and features.

Bancor is a blockchain protocol that allows users to convert between different tokens directly as opposed to exchanging them on cryptocurrency markets.

But out of adversary, inspiration is taking hold, with high - profile coders turning their focus to atomic swaps, a concept that claims to allow for the direct, peer - to - peer transfer of cryptocurrencies across different blockchains.