Sentences with phrase «decentralised nature»
The phrase "decentralised nature" means that something is organized or controlled in a way that power, decision-making, or authority is spread out among many different individuals or entities instead of being concentrated in one central authority. Full definition
The encrypted and decentralised nature of blockchain is very useful form monitoring the ever growing number of devices on IoT.
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Gonser pointed to bitcoin's decentralised nature as having the potential to change the way digital identities are secured in the future.
The impact of bitcoin's P2P network and blockchain's decentralised nature on economy and capital, value transfer and distribution, as well as on how we collaborate and innovate, however, go way beyond mere payment, as Don Tapscott and Arun Sundararajan have shown.
With the average investment of $ 50, ten major buyers shared 21 % of the available Golos tokens, which indicates the essentially decentralised nature of the platform.
What is most convenient about this company is the relatively decentralised nature of the operation.
These new applications could easily make use of the efficiency and decentralised nature of blockchain technology by building them on the Ethereum chain — without having to create their own blockchain.
The cryptocurrency has become invaluable to cybercriminals who exploit its anonymous, decentralised nature as a tool for demanding ransomware payments and laundering various other ill - gotten gains.
All of the above benefits are a result of the decentralised nature of the technology.
Neither does blockchain's core appeal - that its decentralised nature builds trust - stand up to much inspection.
This decentralised nature brings both blessings and challenges: More distributed resources make for a more resilient system and enable small and large power consumers alike to produce much of the electricity they need locally.
«The decentralised nature of «virtual» firms means they can also charge lower fees should they so choose and this is widening access to legal services at a time when clients may be more price conscious.»
Today, with the decentralising nature of the Internet, distributed cloud technology and a growing sentiment toward entrepreneurship, the global startup ecosystem has never been so dispersed.
The decentralised nature of Bitcoin and other cryptocurrencies has been one of the major reasons for increasing speculation of its use in the market.
Its decentralised nature makes robotic delivery systems cost - effective and affordable for businesses of all sizes.
Given the difficulty associated in running protocol upgrades and blockchain's decentralised nature, a large chunk of investors diverted to the new born cryptocurrency Bitcoin Cash without gauging the final effects of the hard fork.
By making use of cryptographic hashing and blockchain technology, individual citizens can be identified by a set of codes that will be almost impossible to hack due to the decentralised nature of the technology.
Due to its decentralised nature, there is no server downtime and the costs of cloud storage using Storj's platform are substantially lower than those of traditional cloud storage providers.
One of the main motivations behind crytpocurrencies was the decentralised nature of blockchains.
Gonser also extolled the decentralised nature of distributed ledgers in identity management systems of the future.
Banks, who fear that their role as arbiter of finance is threatened by the decentralised nature of blockchain technology, are nevertheless likely to use «walled garden» blockchains internally to slash costs.
This fits the decentralised nature of Bitcoin and blockchain, as there is no central authority.
Then, McCrum went on to list what he perceived as the digital currency's faults, criticising its decentralised nature.
However, due to the decentralised nature of cryptocurrencies, you have to pay for using a the network of a crypto as well.
He cited the decentralised nature of the network as evidence for this, claiming that there is no single point of failure or attack.
What made Bitcoin truly unique was its decentralised nature.
In the long run, the impact could be a much higher price as there is more trust in the decentralised nature of the system.
The decentralised nature of the currency means that it's impossible for any central bank to impose controls on it, while the pseudonymity at its core could make it the perfect vehicle to get money into and out of the country while avoiding legal reprisals.
Given the decentralised nature of Ethereum, there is no central server or co-ordinating system.
One major reason behind the emergence of such technical obstacles is the banks» elimination of the decentralised nature of blockchain networks.
«Currently, the main uses of blockchain is in cryptocurrencies and securing data,» he says, «as due to its decentralised nature the information [it records] can't be tampered with.»
Bridging the gap between exchanges maximises the unique and decentralised nature of cryptocurrencies whilst delivering a fast, seamless experience for traders.
Tallinn believes that the blockchain technology is a perfect solution for creating such coordination mechanisms, as it has all the necessary features, of which the most important one is its decentralised nature.