Sentences with phrase «create alternative blockchains»

Not exact matches

Now, it's selling investors on the idea of a futuristic blockchain - based messaging system that, if all goes as planned, will be up and running by 2021 and create a «VISA / Mastercard alternative for the new decentralized economy,» according to a primer published online.

Blockchain project ChronoBank.io has announced a December crowdfunding campaign to create an «alternative labor economy based on time - based cryptocurrency.»

A variety of entrepreneurs and researchers are actively testing alternative uses of the blockchain to create a new category of «smart contracts» that allow for contract performance to be verified without requiring a judicial system or other centralized third party.

The solution, in brief, involved undoing the hack by creating an alternative version of the blockchain on which the hack never happened — what is known as a «hard fork».

Developers can use blockchain scripting languages on either platform to create alternative currencies or applications like smart contracts.

Litecoin uses almost exactly the same blockchain technology as bitcoin, and it was specifically created to be a more accessible, user - friendly alternative to bitcoin.

Normally when new alternative cryptocurrencies are created, developers just clone the code and not the blockchain.

Last summer, the ethereum blockchain experienced a controversial hard fork, a development that resulted in a minority of users creating the alternative ethereum classic blockchain.

Companies within both the technology and financial sector are adopting blockchain in a bid to create an alternative to Bitcoin.

Blockchain project ChronoBank.io has announced a December crowdfunding campaign to create an «alternative labor economy based on time - based cryptocurrency.»

An effort to create an alternative version of the bitcoin blockchain is officially moving ahead.

Thus, bitcoin cash was created — an alternative to bitcoin which managed to work on the blockchain tech used in bitcoin transaction.

Yet, as mentioned, that definition might sound underwhelming in the context of ethereum, the alternative blockchain applications platform that allows developers to create virtually any kind of smart contract.

Many of these new decentralized venture capital alternatives have a wide variety of services they offer, but there are similarities between them all that are worth comparing, such as an idea hub, a decentralized funding mechanism, professional blockchain startup assistance, and even businesses built solely to create more businesses.

Despite the sparse announcements so far, though, there is one group that appears to be taking the idea an alternative blockchain could be created with some degree of seriousness: ethereum developers, many of whom are cautious after what happened with ethereum classic.

Other findings focused on whether alternative technologies, rather than the bitcoin blockchain, can be effectively deployed to create a distributed ledger.

Bitcoin is created as an alternative currency or a cryptocurrency while ethereum is public blockchain platform for the execution of decentralized smart contracts.

Meanwhile, Overstock has made strong inroads in the blockchain community by creating tZero, the forthcoming Alternative Trading System (ATS) that is expected to raise between $ 200 million and $ 500 million via initial coin offering.