Sentences with phrase «arriving at a node»
Not exact matches
While for Bitcoin it takes a few minutes to arrive at a consensus of the ledger (while the full nodes validate the ledger), Ripple guarantees consensus in just a few seconds.
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The algorithm uses the time a signal arrives at a number of nodes, together with a map of the network's structure, to deduce the most likely source node.
: First, your Bitcoin client downloads the entire blockchain from other nodes piece by piece; second, it tracks and validates all balances and transactions on the blockchain from the beginning of Bitcoin's history; and finally, it arrives at an independently verified current state and list of balances.
In fact, when you run the Bitcoin software for the first time, this is exactly what happens, in a process known as syncing: First, your Bitcoin client downloads the entire blockchain from other nodes piece by piece; second, it tracks and validates all balances and transactions on the blockchain from the beginning of Bitcoin's history; and finally, it arrives at an independently verified current state and list of balances.