Sentences with phrase «chain of blocks»

That last block will always come from tip of the longest chain of blocks currently on the network.

The entire chain of blocks includes every transaction that has been executed in the cryptocurrency's history.

A cryptographically secured chain of blocks that bears similarity to some underlying aspects of the blockchain was

A fork is a new version of Bitcoin Core that is no longer compatible with older versions and, therefore, creates a new chain of blocks which older versions will reject.

It enables the creation of decentralized, publicly accessible digital ledgers — sequential chains of blocks of data.

The blockchain — the technology underlying Bitcoin — is a distributed ledger made up of «blocks» of data that is continuously growing, forming a single chain of blocks (hence block - chain).

Transactions are packaged into blocks and constantly added to the existing chain of blocks making it larger with every transaction.

Those that are building on cryptographic systems based on chains of blocks, yup, that might be more of an issue.

A cryptographically secured chain of blocks that bears similarity to some underlying aspects of the blockchain was described in 1991 by Stuart Haber and W. Scott Stornetta.

A chain of block erupters used for Bitcoin mining is pictured at the Plug and Play Tech Center in Sunnyvale, California October 28, 2013.

This creates a chain of blocks, known as blockchain.

As the name suggests, the technology uses a «chain of blocks.»

When that block's memory is full, it is added (in sequential order) to the chain of blocks.

By extension, a blockchain (literally a «chain of Blocks») means a secure database and distributed (because shared by its various users), containing a set of transactions which everyone can check the validity.

Some other pieces of data are used to build the hash of the last block stored in the Blockchain and forming a chain of blocks.

The underlying technology behind Bitcoin, i.e, Blockchain, is simply a chain of blocks in chronological order, where each block has some record (transaction data) and contains a hash pointer as a link to a previous block.

«Long before the network gets anywhere near as large as that, it would be safe for users to use Simplified Payment Verification (section 8) to check for double spending, which only requires having the chain of block headers, or about 12 KB per day.

In late 2014/15 the narrative moved away from bitcoins, towards blockchains and distributed ledgers (replicated ledgers without necessarily having chains of blocks).

The chain of blocks (hence «blockchain») constitutes the agreed upon state of the ledger.

In late 2014 - 2015 the narrative moved away from bitcoin, toward blockchains and distributed ledgers (replicated ledgers without necessarily having chains of blocks).

As the name implies, instead of a chain of blocks, the structure...

An SPV - operated device downloads a chain of blocks without the transactions included in each block and therefore can not provide full verification of transactions in the blockchain.

Each block refers to a previous block adding to previous proofs of work, which forms a chain of blocks, known as a block chain.

As a result, there is a chain of blocks that display all transactions that have ever occurred in the history of the blockchain.

As the name implies, instead of a chain of blocks, the structure is more like a web.