Sentences with phrase «called smart contracts»

Ethereum applications are called smart contracts.

The platform allows for the building and deployment of decentralized applications called smart contracts.

Put simply, Ethereum is software that is running on a distributed network of computers which ensures that smaller programs (called smart contracts) are replicated and executed across the network.

Something called Smart Contracts are invaluable tools in this manner since both Ethereum and NEO hold keys to this technology.

Because of their ability to act autonomously and handle money, they are sometimes called smart contracts.

The small computer programs being run are called smart contracts, and the contracts are run by participants on their machines using a sort of operating system called a «Ethereum Virtual Machine».

After his arrival, Mr. Szabo helped reorient the company to take advantage of the Bitcoin software's capability for so - called smart contracts, which enable self - executing financial transactions, according to people briefed on the company's operations who spoke on condition of anonymity.

Two recently discovered vulnerabilities in some EDCCs (also called smart contracts) of ERC20 tokens have caused several cryptocurrency exchanges to suspend activities related to them.

One of the more ambitious applications is something called a smart contract.

And some believe that one aspect of the blockchain, called smart contracting, could eliminate the need for lawyers in many types of transactions.

Eventually, the company plans to let the distribution of rewards be handled by a so - called smart contract, a piece software that automatically executes business dealings through a blockchain, which is essentially a public ledger of transactions.

That body, which the team hopes eventually to automate using so - called smart contract software, will decide how best to equitably split the rewards among content creators and developers, Sideman said.

Whenever a user wants to call a smart contract, that smart contract gets executed on each full node — across the entire network.

Not exact matches

That's more than the roughly 8 % taken up by the next most popular smart contract on the network: a decentralized coin exchange called EtherDelta.

What's interesting about blockchain technology is that, by using what are called «smart contracts,» those contracts are executed on automatically through the blockchain.

The smart contract solution developed by Etherparty called Rocket can be used on Bitcoin or Ethereum and is valued at USD $ 100,000.

A system called Raiden is in development that will use Ethereum smart contracts to increase the maximum speed to as high as one million transactions per second.

ADA calls itself the first third - generation cryptocurrency and aims to tackle scaling and infrastructure problems that first cropped up in bitcoin, a first - generation cryptocurrency that introduced the idea of digital coins, and ethereum, a second - generation cryptocurrency that expanded use cases for coins to smart contracts.

Shortly after Ethereum's rise to power, a venture capital smart contract called the DAO was created as a publicly funded venture capital fund for any projects that were created on Ethereum.

It is a blockchain - based platform with many uses and features, including smart contracts, the Ethereum Virtual Machine (EVM) and it uses its own currency called Ether which is the direct equivalent of Bitcoin.

Ethereum is a decentralized smart contracts platform that is powered by a cryptocurrency called Ether.

The platform is powered by new utility token called as TWQ (based on Ethereum's ERC 20 Smart Contract).

For instance, he argued that The DAO project, which experienced a notorious hack in 2016 due to coding bugs in its ethereum smart contracts, exposed a problem where decentralized systems must resolve technological issues through what he called «chaotic» hard or soft forks.

These tax breaks are included in a larger bill aimed to help small businesses grow, called theSuccess Ultimately Comes from Capital, Contracting, Education, Strategic Partnerships and Smart Regulation (SUCCESS) Act of 2012.

The First Minister is permitted to make non-Government calls from this smart phone and, due to the nature of the Government's mobile call contract tariff, there is no extra cost to the tax - payer.

I've recently set up a Café called Café Grundeinkommen and I am currently working on a smart - contract based cryptocurrency project called Circles that will be used in the Café.

Some people see the blockchain as either required for a contract to be called smart, or as the ultimate expression of the smart contract.

He coined the term smart contract for such agreements and began to define cryptographic protocols (which have come to be called blockchain) to serve as an infrastructure for «trustless» agreements.

Systems like bitcoin utilize technology known as «blockchain» or distributed ledger technology, which can also assist companies in a wide array of transaction - related matters, including implementing escrow agreements and other so - called «smart contracts».

We can offer advice and representation in matters concerning online payments systems, online payment service providers, blockchains, and so - called digital currencies and smart contracts.

So called «smart - contracts» will start automating the writing of laws and contracts so that the execute automatically.

This approach is far more intelligent and extensible than smart contracts as they are currently defined, and as such, are called Intelligent Ccontracts as they are currently defined, and as such, are called Intelligent ContractsContracts.

In general, this ability to run apps or execute code is referred to as «smart contracting» and the apps are called «smart contracts.»

Earlier this week, word of a so - called «recursive call» attack that could be used to drain some smart contract accounts emerged following a blog post by Bitcoin Foundation founder Peter Vessenes.

Decentralized App, what applications using smart contracts are called in the Ethereum community.

A second layer called the Cardano Computation Layer (CCL) will support smart contracts and decentralised applications.

The DAO issued tokens through its smart contract and traded them for Ethereum's blockchain tokens, which are called ether.

In May 2016, a venture capital fund called The DAO built on Ethereum raised around $ 168 million, with the intention of investing in projects using smart contracts.

The code that was developed for the (confusingly named) The DAO application was called a «smart contract,» and ran as a DAO application on top of the Ethereum blockchain.

The software / apps executed by Ethereum Virtual Machine are called «smart contracts.»

Zug - based Ethereum has its own crypto currency (Ether) and develops so - called «smart contracts» for decentralized transactions.

A new project called UnitedBitcoin (warning: the site autoplays audio) promises to add smart contract features using the UTXO model, support for the lightning network and SegWit, and eight - megabyte blocks.

Ethereum is a platform developed in open - source code that uses blockchain technology and has the capacity to create and execute so - called «smart contracts,» which allow making secure and efficient transactions without intermediation.

These are the so - called «smart contracts» that are pieces of computer code that are executed if a pre-established condition occurs, such as, for example: Team A won, so those who gambled on team A are paid automatically.

It provides a decentralized virtual machines or as it is technically called Ethereum Virtual Machine (EVM) which is designed to execute those smart contract scripts by using an international network of public nodes.

The ConsenSys integration with Microsoft uses smart contract programming language Solidity to let developers run programs on the Ethereum network, also called the Ethereum Virtual Machine (EVM).

Cardano runs a cryptocurrency called ADA, but its main focus is on smart contracts, decentralised applications and other blockchain projects.

Ethereum's 2014 «Ether sale» preceded it's May 2016 crowdsale for the DAO, a so - called «decentralized autonomous organization» managed via Ethereum smart contracts.

Take as an example a transaction that loads a new smart contract module called «loans».

The DAO has been touted as the first major implementation of a Decentralized Autonomous Organization, a financial organization underpinned by so - called «smart contracts,» written in computer code and enforced through a blockchain which controls investors» digital currency holdings.