Sentences with phrase «by the bitcoin network»

The current minimum size required for bitcoin transactions to be accepted by the Bitcoin network is 0.00000546 BTC (Bitcoin)-- much less than fractions of a penny at today's bitcoin price.

Meanwhile, if the transaction is bigger, you may have to wait for it to be confirmed by the Bitcoin network.

This process let's individuals be rewarded by the Bitcoin network for their services.

Once submitted to the bitcoin network, bitcoin transactions are subject to verification for a period of time, awaiting confirmation by the bitcoin network.

During the talk, Wu outlined some of the key innovations he would like to see adopted by the Bitcoin network to help it grow over the coming years.

To put the energy consumed by the Bitcoin network into perspective we can compare it to another payment system like VISA for example.

When the transaction is processed by the bitcoin network, the spreadsheet is updated.

LiteCoin's differences from Bitcoin include faster transaction confirmation, improved storage efficiency, script usage in its proof - of - work algorithm and the Litecoin Network, expected to produce 84 million Litecoins or four times as many currency units as will be issued by the Bitcoin Network, expanding its lifespan.

The administrators of the Bitcoin Network's source code could propose amendments to the Bitcoin Network's protocols and software that, if accepted and authorized by the Bitcoin Network's community, could adversely affect an investment in the Shares.

Transaction fees are included with your bitcoin transaction in order to have your transaction processed by a miner and confirmed by the Bitcoin network.

«Transaction fees that are charged to the customer by the Bitcoin network have skyrocketed this year, topping out at close to $ 20 a transaction last week (compared to roughly $ 0.20 when we initially enabled Bitcoin),» Steam said.

Transaction fees are included with your bitcoin transaction in order to have your transaction processed by a miner and confirmed by the Bitcoin network.

According to BitPay, the Payment Protocol will reduce user error in bitcoin payments, such as payments sent to a wrong address or with a transaction fee that is too low for fast processing by the Bitcoin network.

During the talk, Wu outlined some of the key innovations he would like to see adopted by the Bitcoin network to help it grow over the coming years.

Apart from a record breaking number of transactions being handled by the Bitcoin network, there are few problems as a result of this stress - tests.

The transaction fee required by the Bitcoin network depends on the size of the transaction.

Pustogarov noted that such an attack could be monitored fairly easily, by creating a program to check the percentage of Tor exit nodes banned by the bitcoin network at any given time, explaining:

The approach also helps the startup avoid some of the scaling difficulties experienced by the bitcoin network and others.

It seems evident that as long as the transaction rate supported by the Bitcoin network remains that low Bitcoin won't be able to achieve the global reach of existing payment networks like Visa.

The pull request that adds support for Segregated Witness has been merged into Bitcoin Core, bringing the widely anticipated feature one step closer to activation and adoption by the Bitcoin network.

This «mempool» contains Bitcoin transactions which have not yet been confirmed by the Bitcoin network and added to the blockchain.

For example, transaction fees that are charged to the customer by the bitcoin network have skyrocketed this year, topping out at close to $ 20 a transaction last week (compared to roughly $ 0.20 when we initially enabled bitcoin).»

This would increase the scalability of using bitcoin for payments by reducing the number of transactions that must be confirmed by the Bitcoin network and added to the blockchain, with the main benefit being that bitcoin does not need to be entrusted with a central third party as with other off - chain payment solutions.

«When checking out on Steam, a customer will transfer X amount of bitcoin for the cost of the game, plus Y amount of bitcoin to cover the transaction fee charged by the bitcoin network,» Chinn wrote.

This process let's individuals be rewarded by the Bitcoin network for their services.

«When checking out on Steam, a customer will transfer X amount of Bitcoin for the cost of the game, plus Y amount of Bitcoin to cover the transaction fee charged by the Bitcoin network,» it said.

Every transaction processed by the Bitcoin network can be seen on the blockchain network through platforms like blockchain explorers.

This issue is technically not an issue with Byteball, but is instead caused by the Bitcoin network architecture.

Described by the company as the first Turing - complete platform to run smart contracts secured by the bitcoin network, RSK uses a «hybrid» security model that combines elements of both proof - of - work (popular among fans of bitcoin's public blockchain) and a private network.

When you make a payment using Bitcoin, your transaction needs to be confirmed by the Bitcoin network before the payment can be completed.

Bitcoin transaction fees are determined by the bitcoin network and are influenced by things like congestion and the size of your transaction in bytes of data.

The higher the fee you include with your transaction, the more likely it will be prioritized by Bitcoin network participants, and the sooner it will be processed.

For example, transaction fees that are charged to the customer by the Bitcoin network have skyrocketed this year, topping out at close to $ 20 a transaction last week (compared to roughly $ 0.20 when we initially enabled Bitcoin).

Per news.com.au, a company spokeswoman released a statement revealing the move after working with its provider, presumably to ensure customer satisfaction wasn't affected by the bitcoin network's current high fees and volatility.

RootStock Smart Contracts (RSK), a platform fueled by the Bitcoin network, has integrated a multi-token digital platform and a cryptocurrency wallet on Decentral's Jaxx.

Not exact matches

Blockchain, a shared ledger of transactions maintained by a network of computers on the internet, is the technology that underpins cryptocurrency bitcoin.

Even though these «up to 12 - hour transaction lead times» (when moving bitcoin to and from exchanges) could be adressed, Oldenburg sees no signs of change, because the currency is purportedly being run by the «old» bitcoin network, the members of which he calls «fanatical bitcoin talibans».

China plans to limit power use by some bitcoin miners, people familiar with the matter said last week, a potential challenge to an industry whose energy - intensive computer networks enable transactions in the cryptocurrency.

Quorum is adapted from Ethereum, the No. 2 cryptocurrency network after Bitcoin by total market value.

All aspects of these transactions would be programmed and automatic, with their transactional integrity guaranteed by the Bitcoin blockchain, constantly vetted by the vast network of «miners» rewarded for their maintenance work with a stream of bBitcoin blockchain, constantly vetted by the vast network of «miners» rewarded for their maintenance work with a stream of bitcoinbitcoin.

Anybody can become a Bitcoin miner by running specialized computing tools that help process and confirm transactions on Bitcoin's peer - to - peer network.

In case you haven't been keeping track, digital tokens are a new asset class, powered by cryptocurrency networks like Bitcoin and Ethereum.

By having your computer repeatedly solve puzzles, you're competing with other miners to generate the number that the Bitcoin network is looking for.

If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core.

Underlying the controversial web - based «cryptocurrency» is the blockchain - a massive ledger of every bitcoin transaction ever made that is verified and shared by a global network of computers.

This is at least in part driven by the appearance of ASICs on the Bitcoin network.

Blockchain, which is best known as the system underpinning bitcoin, is a public online ledger of transactions maintained by a network of computers on the internet.

The Bitcoin protocol stays exactly the same, while supporting the development and adoption of valuable new features, all secured by the full power of the Bitcoin network.

However, rather than rely on a central monetary authority to monitor, verify and approve transactions, and manage the money supply, Bitcoin is underwritten by a peer - to - peer network akin to file - sharing services like BitTorrent.

Of course, SHA - 256, a cryptographic hash function used in parts of the bitcoin network, is part of SHA - 2 (Secure Hash Algorithm 2), which was designed by none other than the NSA.