Sentences with phrase «backed by cryptography»

Backed by cryptography to ensure that no government or bank can freeze your funds, it is the ultimate anti-government and anti-institutional form of money.

The security and the integrity of the system is backed by cryptography, much in the same way that Bitcoin is.

Not exact matches

He may be best known for his invention of Hashcash, which is a proof - of - work system used to limit email spam and denial - of - service attacks and that is used in Bitcoin and other cryptocurrencies as part of the mining algorithm Paul Maritz, Chairman, Pivotal, and former CEO of VMware and senior executive with a multitude of others, had this to say about Back: «Adam has extensive practical experience building teams and shipping products as shown by his track record at organizations large and small, such as Microsoft, PI, EMC, and VMware, this is on top of having an extraordinarily deep technical background in all aspects of cryptography and being the inventor of Hashcash, one of the core concepts used in Bitcoin.»

The coins are also protected by cryptography, meaning the monies can't be traced back to a specific individual.