Sentences with phrase «central entity»

One of the roles of central entities is to act as a Chinese wall.
More to that, the Bank of Finland further emphasized in its research paper that Bitcoin is a decentralized financial network that can not be regulated and censored by central entities, as it operates its own economy in a peer - to - peer ecosystem.
Unlike traditional fiat currencies it is not reliant on a central entity like the US Dollar is on the Federal Reserve or the Euro is on the ECB.
This makes the ledger considerably more secure — and less subject to nefarious manipulation — as compared to a centralised system, which relies on the trust of one central entity to keep a secure, correct record of transactions.
The common denominator is the measure of anonymity these digital currencies lend to transactions, their unrestricted access from anywhere on the globe and the fact that they can be exchanged for money without being otherwise regulated by any central entity.
Critics of the WTC health programs contend that there is no central entity that integrates the gathered information, which could provide a greater understanding of disease incidence as well as a certain level of continuity of treatment.
Lastly, this new system should be democratically controlled and feature a central entity responsible for a limited number of central functions (e.g., managing facilities, administering a common enrollment system).
«There is no central entity collecting information in an organized way, and the ways in which different countries collect data may not...
Blockchain allows customers and suppliers to connect directly, without the need for a central entity, like a bank or financial institution, to make a transaction.
State or Central entities can also bid out projects for the hybridisation of existing projects connected to the Interstate Transmission System (ISTS).
And if that happens, i4i may target users because no central entity controls its development and distribution (although Sun is a potential target).
Basically, this means that no central entity controls Bitcoin.
Therefore, they are not operated by an individual or a central entity.
Any industry where multiple entities need to maintain shared record between them and currently use a central entity can be impacted by this technology:
«As a general rule, cryptocurrencies that are designed to be used exclusively as a medium of payment, clearing, or exchange and are not limited to a specific venture; that do not confer additional rights; and are not controlled by a central entity — will not be deemed securities.»
Records are not relayed through a central entity, but are independently created and upheld by each node.
Rather than having the whole thing controlled by a monolithic corporate «benefactor» — hello Visa — a decentralized blockchain technology would replace the need for a central entity to own and control the database and transaction processing layer.
And so, to have an institution like money so controlled by a central entity — by a monopoly — is absurd.
The concept behind them is a software that users can use to trade cryptocurrencies with one another, without the need for a central entity.
Part of the report by ISA reads, «As a general rule,» the ISA outlined, «cryptocurrencies that are designed to be used exclusively as a medium of payment, clearing, or exchange and are not limited to a specific venture; that do not confer additional rights; and are not controlled by a central entity — will not be deemed securities.»
The term denotes not just a new browser - based exchange, but rather a type of software users can use to swap one cryptocurrency with another without a central entity.
Bitcoin is a type of payment system that works without a central entity controlling the exchange process.
Hence, when Dimon stated that governments should close down bitcoin, he likely thought under the premise that bitcoin's blockchain is operated by a central entity as many permissioned blockchain networks are.
Whether Bitcoin is money or not, is not decided by the government or central entities.
Therapists described the self that they bring to therapy as a central entity that plays an important role in the therapeutic alliance.
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