Sentences with phrase «blockchain transactions means»

Not exact matches

In effect, Quorum has two layers of consensus on a single blockchain, meaning two ways of reaching agreement about its transaction records, both stored on one distributed database, or blockchain.

This means law firms will need to become intimately acquainted with the technology to advise clients on the best ways to structure various transactions on the blockchain.

This means that transactions on blockchains are extremely slow when compared to normal computer speeds.

One of the big recent risers, Ethereum, is exactly that: Ethereum is based on a blockchain, 6 like Bitcoin, which means it has an attached currency (Ether) that incentivizes miners to verify transactions.

The digital nature of the ledger means that blockchain transactions can be tied to computational logic and in essence programmed.

Bitcoin is open and viewable by everyone in the world, and what makes it amazing is this public ledger called the blockchain, which is immutable; meaning transactions in the blockchain can never be changed once verified.

It could also be just miners doing this because in the blockchain increases the fees and which means they take on more Bitcoins for every transaction.

Fundamentally, blockchain means records - transactions, documents, and so on - are held and processed not by one individual, computer or company, but by a network.

Use of the blockchain could create more efficient means for financial transactions than those in use today.»

Blockchains grow larger as the number of transactions increases, and slower verification also means larger transaction fees.

The possibilities of the Blockchain are enormous, and it seems that almost any industry that deals with some transaction, which would mean any industry, can and will be disrupted by the Blockchain.

Besides being a means by which users purchase goods and services on blockchain platforms, tokens are the reward to those users who help to effect transactions.

The transaction is listed on the blockchain, meaning that it is very real.

This means that, while Litecoin's SegWit implementation and anti-spam measures have made the currency's blockchain relatively small and allowed for fast transaction times, LTC has not yet had the opportunity to be tested on the same scale as Bitcoin.

Nevertheless, there are some people who believe that the low volumes of blockchain transactions don't necessarily mean problems.

Mining means receiving newly created bitcoins in return for using your computer power to compile recent transactions into new blocks of the blockchain by solving a complex mathematical puzzle.

These developments mean that more applications and services can now rely on blockchain platforms for financial transactions.

This means we're still an order of magnitude away from supporting the load of even a single dApp with a million daily users each making a transaction on the blockchain.

By providing a means to access previously hard - to - reach services like secure identification and frictionless transactions, blockchain - powered startups are helping pull people out of poverty and toward a more inclusive economy.

The digital nature of the ledger means that blockchain transactions can be tied to computational logic and in essence programmed.

By their very nature, transactions on a blockchain aren't meant to be deleted but to be recorded permanently.

«Blockchain» means an electronic record created by the use of a decentralized method by multiple parties to verify and store a digital record of transactions which is secured by the use of a cryptographic hash of previous transaction information.»

This means the transaction time is controlled solely by the blockchain network.

Of course being run on the Ethereum blockchain also has some downsides — mainly that users have to pay a transaction fee anytime they interact with the network, meaning that both creating tokens and airdropping them to friends cost real Ether.

This means inclusion of any particular transaction on the Bitcoin blockchain is not easily proven to be a subsidized service to a consumer outside China, and Bitcoin transactions within China are subsidized to the same degree as transactions outside the country.

Valorem, like many other cryptocurrency platforms is a decentralised blockchain that was launched to create a new level of trust between individual users by using the Valorem Platform as a means of verifying transactions.

This happens by default which means that transactions on Monero's Blockchain can't be traced or linked to the user and his real - world identity.

However, Circle's announcement does seem to mean that the company is de-emphasizing bitcoin and considering it as just one of many options for backend blockchain - mediated transactions.

The Lightning Network expands on the Bitcoin Blockchain's basic transaction functionality by providing a means for users to execute smart contracts on the blockchain itself, providing for a mechanism for users to establish near - instant micropayments without the need to offload transactions to a custodian, which makes small payments impractical because the fees might be more expensive than the transactiBlockchain's basic transaction functionality by providing a means for users to execute smart contracts on the blockchain itself, providing for a mechanism for users to establish near - instant micropayments without the need to offload transactions to a custodian, which makes small payments impractical because the fees might be more expensive than the transactiblockchain itself, providing for a mechanism for users to establish near - instant micropayments without the need to offload transactions to a custodian, which makes small payments impractical because the fees might be more expensive than the transaction itself.

A hard capped block size in conjunction with a growing blockchain means the transaction backlog expands exponentially.

Yes, as soon as your transaction is picked out of the pool by miners, declared valid and put into a block and then added to a blockchain; that will mean that it is successful and you will receive them into your wallet.

In effect, Quorum has two layers of consensus on a single blockchain, meaning two ways of reaching agreement about its transaction records, both stored on one distributed database, or blockchain.

This means that in order to verify its transactions in the Blockchain, Chia will utilise the cheap and abundantly available unused storage space from Hardrives.

So, does this mean that blockchains are useless for transactions where we want to to proof that the content is something is true or valid?

The hard fork of the ethereum blockchain earlier this month was meant to move funds associated with the hacking of The DAO into an account controlled by investors and leave the old record of transactions to be forgotten by history.

Moreover, the company works closely with law enforcement agencies helping them to identify criminals by means of mapping and putting together the history of bitcoin blockchain transactions.

A private blockchain or private distributed ledger, is a nebulous term which typically means that the validation process for transactions is maintained by known, identified participants, not pseudonymous participants.

This means more transactions per second can be recorded on the blockchain, or in other words, it would allow for a higher transaction throughput.

The original blockchain networks — Bitcoin and Ethereum — are single - chain structures, meaning that all transactions occur on one chain.

Colored coins protocols could provide a means to encode transfer of arbitrary assets into ordinary transactions, thus extending the utility of public blockchains for financial institutions.

This new blockchain is also a zero chain, meaning that it does not charge any transaction fees and is free to use for life.

From Lisa Cheng, Founder of The Vanbex Group, «my discussions with Financial Institutions regarding Blockchain technology has indicated that they are concerned with data privacy and ensuring their transaction flows are not for public view, meaning the public nature of Bitcoin's Blockchain will not be an option for their clearing / settlement interests.

That means that users who stake their coins to verify transactions on the Kobocoin blockchain using a funded kobocoin wallet are eligible to receive a new kobocoins anytime they are minted.

Also it can be instantly processed if they are «zero - confirmation» transactions, meaning that the merchant takes on the risk of accepting a transaction that hasn't yet been confirmed by the bitcoin blockchain.

This, in turn, means that the block - size limit needs to increase in order for more transactions to fit on Bitcoin's blockchain, for fees to remain low, and without having to rely on complicated and far - off alternative solutions.

This means more transactions per second can be registered on the blockchain.

As the fifth - largest retail stock brokerage by transactions in 2017, the company began to explore and develop blockchain applications by establishing the «Money Cryptocurrency Lab» in October 2017 as a means to get a proactive leg - up by embracing financial technologies.

The lightning network uses off - chain technology, which, simply put, means that not every transaction is recorded on the blockchain.

Mastercard is exploring a blockchain database that offers literally instantaneous transactions, meaning that merchants can get paid right away, without waiting the usual several days for the funds to clear.

The other reason for the discrepancy between the number of blocks and total blockchain size is that Bitcoin still has much higher transaction volume than Bitcoin Cash, meaning that each Bitcoin block contains more data.