Sentences with phrase «data on a decentralized network»
Not exact matches
Not only does blockchain work to protect transaction data through encryption, as well as store this data in a decentralized manner (i.e., on hard drives and servers all over the world) so as to keep a single entity from gaining control of a network, but also the primary goal is to ensure that the same crypto token isn't spent twice.
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In short, it is software that stores information on a network of private computers, creating a web where the data is not only decentralized, but also distributed evenly.
The protocol stores data in a decentralized, off chain network identified by hashes on the blockchain that can be used in queries and application design.
The TON platform will include distributed data storage, the integration of third - party decentralized applications, payments, a DNS service and a proxy service to enhance user privacy on the network.
MaidSafe aims to do more on its network than trade storage; it markets itself as a «crowdsourced internet,» on which not only data is stored but decentralized applications live.
Snovio's crowdsourcing data collection technology will be based on a decentralized network of an unlimited number of contributors who will add new data to the system and update already existing information using Snovio Chrome Extension.
The network is a new, secure and decentralized data management service that relies on the unused resources of individual users.
Taking the decentralization philosophy into social media «Indorse» — a reward - based decentralized professional network on the Ethereum blockchain tries to resolve three basic problems of social networking platforms — economic, autonomy and trust issues by using a LinkedIn - style professional networking model, wherein members retain the ownership of data while earning rewards for sharing their professional skills and using the platform.
The entire innovation of the project will be concentrated on the core of the Blockchain, a structure of data chained together in a decentralized network.