Sentences with phrase «confirmed by the miners»

After a transaction is sent, but before it is confirmed by miners, the sender can change the destination address (including back to himself) using something called «Replace - by - Fee».

One more thing worth noting is that DASH is very secure, because transactions are confirmed by miners who collectively host thousands of servers around the world.

1 / Connect your Ledger device 2 / Enter your PIN code 3 / Open the Bitcoin app on your Nano S (right click) 4 / Launch your Bitcoin Chrome application on your computer 5 / Click on «Send», a popup opens 6 / Fill in the required fields: amount, recipient address you can paste or scan, level of fees 7 / Click on the «Send» button 8 / Your Nano S requires your manual consent to authenticate this transaction: press the right button (above the «V» check icon) to confirm once you have verified the details of your transaction are right and wait until your Chrome app displays «validated» 9 / Your transaction is validated and will be tracked on the Blockchain as soon as it is confirmed by miners in accordance with Bitcoin protocol.

This transaction is then confirmed by the miners and place onto the Bitcoin blockchain.

Not only did this result in massive transaction confirmation delays for many of Bitcoin's users, but Bitcoin's capacity issues as a whole had also led to the development of a fee market, where users essentially bid to have their transactions confirmed by miners as quickly as possible.

Since miners are incentivized to include transactions with higher transaction fees — miners are rewarded with those transactions fees when they add a block to the Bitcoin blockchain, in addition to the current block reward of 12.5 BTC per block — a fee market developed where users were essentially bidding to have their transactions confirmed by miners in the next block.

, where users essentially bid to have their transactions confirmed by miners as quickly as possible.

The transaction's input addresses are blocked till transaction is confirmed by the miners, to avoid double spending.

Not exact matches

Diversified miner Metals X has confirmed a $ 115.6 million capital raising and plans to demerge its gold assets into a new company, which will be led by existing chief executive Peter Cook.

Bitcoin has much more limited processing power available, in the form of miners, who confirm transactions by crunching difficult cryptographic problems.

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

Each transaction must be confirmed by six bitcoin miners, and that takes time.

The authenticity of another leaked document from the internet - finance regulator's Xinjiang office that likewise demands progress on miner's exit by the 5th day of each month was confirmed by Quartz.

Bitcoin nodes set and enforce the rules of the bitcoin protocol, and bitcoin miners process transactions and add them into «blocks» that are confirmed by bitcoin nodes.

The transactions are verified by Bitcoin Miners, or people who use their computer hardware to help figure out the mathematical formulas that need to be solved in order for a block full of transactions to be verified, or confirmed, and added to the blockchain.

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

The Kaduna State Police Command has confirmed that 10 miners were killed by armed bandits in Birnin Gawri Local Government Area.

LONDON, Nov 29 (Reuters)- Coal miner Bumi said on Friday it had received documents confirming chairman Samin Tan's ability to finance the purchase of company shares currently owned by the co-founding Bakrie family, paving the way for a long - awaited split.

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

The announcement also confirms previously suggested plans to develop a cloud mining service, through which it would sell excess hashing power and the associated rewards (when a new block is added to a blockchain by a miner, that miner receives new coins in return) to consumers.

Transactions on the Bitcoin network are confirmed by Bitcoin «miners» which group transactions into «blocks» and add those blocks to the Bitcoin «blockchain» — the shared historical record of all transactions.

The Bitcoin transactions are initially confirmed by the network nodes called Bitcoin miners which are then recorded in the Blockchain — a publicly distributed ledger.

Each valid block added by a miner to the blockchain generates a reward for the miner and makes it more difcult for an attacker to reorganise the ledger and double - spend already confirmed transactions.

These blocks containing Bitcoin transaction are confirmed / validated by Bitcoin miners.

In order for transactions to be confirmed — to avoid the same Bitcoin from being spent twice, for example — a number of Bitcoin nodes, operated by miners around the world, need to give it their seal of approval.

Bitcoin network miners set their priorities by the fee that they will receive for confirming them.

When that happens, the group of miners would be able to prevent new transactions from being confirmed by a computer and reverse transactions that were already completed!