Sentences with phrase «coin validator»

We can configure the coin validator to accept any -LSB-...]

With the coin validator, the customer can pay with coins and tokens.

Either way, it boils down to some form of coin validation with the more insidious side effect being government collusion with the coin validators for purposes of linking individuals to all of their transactions.

Not exact matches

With PoS, instead of miners validating transactions via the solving of mathematical problems, transactions are validated by «stakers,» «forgers,» or «validators,» who place their coins and tokens in a specialized wallet to validate transactions, and are determined by their wealth or stake in the network.

For validator machines that are used in many secondary schools to charge pre-pay cards with funds to use on schools vending machines, the process of upgrading the coin mechanism will be very similar.

According to the white paper, which hasn't been formalized, 50 percent of the total 100 million «IQ» tokens will be distributed in an initial coin offering (ICO) and 30 percent will be «minted» over 100 years to pay out editors and validators for their work.

The PoT protocol is configured to put power into the hands of the Crypto - Community by becoming Validators of their transactions, while also creating 10 % new ValueCash coin as a reward.

In Proof of Stake a «validator» invests in the coins of the system, instead of investing in expensive computer equipment in a race to mine blocks.

As opposed to the PoW consensus protocol, the PoS protocol validates transactions through the efforts of «validators», «stakers» or «forgers» (people call them many different things) who put up their coins by locking them down in specialized wallets.

validates transactions through the efforts of «validators», «stakers» or «forgers» (people call them many different things) who put up their coins by locking them down in specialized wallets.