Sentences with phrase «decentralised ledger»
A decentralised ledger is an electronic or digital record-keeping system that does not rely on a central authority or intermediary like a bank or government. Instead, it is distributed across a network of computers where each participant has a copy of the ledger. This allows for transparency, security, and trust as everyone can verify and update the ledger simultaneously, eliminating the need for a middleman. Full definition
Techies are (just about) united in their enthusiasm for decentralised ledgers, but divided on whether bitcoin's blockchain can work in its current form or whether an improved version is needed.
economist.com
It is working with financial incumbents to draw up a payment protocol based on decentralised ledgers.
It is a digital and decentralised ledger that records transactions.
Decentralised ledger This is a ledger that is held by everyone on the network and records the movement of each token on the network.
ABOUT NCHAIN: nChain is the global leader in research and development of blockchain technologies — a distributed, decentralised ledger that chronologically records transactions in an immutable way.
A decentralised ledger that could replace everything from property transactions to bank records, might just be the future, argue technologists.
It is a digital and decentralised ledger that records transactions.
Decentralised ledger This is a ledger that is held by everyone on the network and records the movement of each token on the network.
The Bitcoin blockchain is a decentralised ledger that contains all of the transactions on the Bitcoin network since the beginning of time.
One of the greatest innovations of the Bitcoin protocol was the use of a decentralised ledger that would record all of the Bitcoin transactions.
There are already a number of companies that are attempting to use a decentralised ledger to manage supply chains, raise funds through crowd funding, improve security, the list goes on.
If those talks pan out, and a deal is officially put in place, Huawei would become the first major smartphone maker to embrace blockchain, a technology often described as a «decentralised ledger» used to record cryptocurrency transactions.
Whether such a platform is another decentralised ledger or something else entirely isn't clear at this stage, but the idea is that they'll lack the constraints that currently hobble Bitcoin and Ethereum.
Lubin extensively discussed the blockchain technology's potential in solving serious problems with personal identity issues by describing the technology's capability to embed sensitive data into an unalterable and decentralised ledger.
So for instance, the Chamber of Digital Commerce testified in a US Congress hearing, during which a representative of the blockchain industry presented to the congressmen the cryptocurrencies» potential advantages, related regulatory issues and potential applications of bitcoin and the decentralised ledger technology.