Sentences with phrase «as a settlement layer»

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.

The pair plan to show off a «spot trade» on the foreign exchange market for global currencies using an adaptation of Ethereum as the settlement layer.

As a result, it can not be said that «Layer 2» will act as a settlement layer to anything beyond the cryptocurrency itself, especially since the network it attaches to can at most by design only guarantee probabilistic finality.

Ethereum was the first cryptocurrency that was built to function primarily as a settlement layer.

The new version uses Lightning technology to transfer digital assets in payment channels and uses the Bitcoin blockchain as a settlement layer and dispute resolution mechanism that secures the assets.

XinFin network is a peer to peer contract platform running on stake based DPOS consensus which can use existing approved payment channels or use XDC as a settlement layer only through approved financial institutions.

Case in point: The Ethereum Alliance, for instance, was set up to create a «spot trade» on the foreign exchange market for global currencies using an adaptation of Ethereum as the settlement layer.

The XDC can act as a pure messaging and confirmation layer using existing payment rails or as a settlement layer through approved and regulated institutions.

Raiden is designed to take a load off the main blockchain separately processing micropayments and thus facilitate machine - to - machine transactions using the Ethereum blockchain as a settlement layer.

The vast majority of Bitcoin Core developers and contributors view Bitcoin as a settlement layer because they accept the fact that the system in its current form can not scale to mainstream levels of adoption.

One of the more exciting trends in the blockchain space is around the use of public blockchains not as a settlement layer, but simply as both asset and settlement layer.

Not exact matches

Cardano has ambitious plans for the future and intends to move beyond the settlement layer to a Control layer, which will serve as a «trusted computation framework» for sophisticated systems, such as gambling and gaming systems.

As Bitcoin made new highs and Litecoin languished, Litecoin's developers pushed for short settlement times with an off - chain payment layer, in this case the Lightning Network.

Therein lies a layer of strategy as placement of roads and settlements can be used to block and divert your opponents.

Historical records from early settlements reveal glacier boundaries, as does ice core data taken by drilling down into the annual layers of ice that make up glaciers.

Some people like to call Lightning Network a caching layer, but it may be more accurate to think of it as a settlement deferral system.

Called the «zero - knowledge settlement layer,» this allows for zero - knowledge ethereum tokens that only reveal information such as transactional quantity and ownership, and that notably doesn't reveal anything else about the function of the tokens.

Bitcoin Core has also taken the approach that bitcoin is simply a settlement layer, and that most of the small transactions should take place on top - layer platforms, such as the in - development Lightning Network.

In contrast, Bitcoin was designed initially to transact as a form of «digital cash» (though, over time, Bitcoin has become more of a settlement layer itself).

The Lightning Network is a «second layer» to the Bitcoin network that offers users the ability to conduct off - chain transactions, with the Bitcoin blockchain used only as a settlement service.

Our engineers are also working on a robust (open source) application layer that can utilize a public Blockchain such as Bitcoin (or Ethereum), to issue securities and enable tradability within a particular niche of the financial markets, but more importantly execute DVP (Delivery Versus Payment) settlement and coupon / dividend administration using fiat currency.

By embracing modularity, the main Bitcoin blockchain can act as a maximally secure settlement layer, while second layer payment channels serve as pipelines for fast, high liquidity transactions.