Sentences with phrase «as transaction validators»

Ripple also includes CGI, Microsoft, and MIT as transaction validators, in addition to building its own nodes in distributed locations around the globe.

Not exact matches

Solving the issue of trust comes at the expense of convenience and scalability, as the process of picking random validators so that the network can verify transactions instead of financial institutions, «takes time, is expensive, and consumes tremendous amounts of energy,» Martin said.

As you can guess, the bigger the transaction fee - which the miners (or validators) get to collect - the higher your chances are of getting your transaction into the next block that's processed by miners.

The PoT protocol is configured to put power into the hands of the Crypto - Community by becoming Validators of their transactions, while also creating 10 % new ValueCash coin as a reward.

«This is obviously incompatible with a protocol based on anonymous transaction validators; the law will not treat a ledger record as authoritative if everyone knows that the current longest chain contains blocks generated by an anonymous attacker who replaced a bit of history that was chronologically prior.

As opposed to the PoW consensus protocol, the PoS protocol validates transactions through the efforts of «validators», «stakers» or «forgers» (people call them many different things) who put up their coins by locking them down in specialized wallets.