Sentences with phrase «decentralised virtual»

On the day it launched, US financial regulator FinCEN released its regulation on virtual currencies, confirming that anyone selling units of a decentralised virtual currency to another person for real currency or its equivalent is a money transmitter.

Indeed, the underlying idea behind Ethereum was to create one large and decentralised virtual machine whereas the main purpose behind Bitcoin was to be a digital currency.

The long term goal of the Ethereum network is to create one large decentralised virtual machine.

Bitcoin is a decentralised virtual currency.

Not exact matches

This decentralised business model means «virtual» law firms have lower fixed costs, and lawyers therefore tend to be paid a higher proportion of the fees they make than in traditional firms where they are likely to be salaried.

A «virtual» law firm is a decentralised legal practice where lawyers work remotely and use shared services provided by a central hub, as such they are at the top - end of the gig economy.

«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.»

Invented by a 23 - year - old programmer named Vitalik Buterin, Ethereum is an open source program that offers decentralised smart contracts through its Ethereum Virtual Machine, which has been picked up by several banks.

«Cryptocurrency» book by Abraham K. White was published in October 2017 which educates about investing, mining and trading in every virtual token apart from the world's first decentralised cryptocurrency, i.e Bitcoin in an easy - breezy manner.

For the University of California lecturer, it is far more likely that central bank - issued digital currency will be favoured, thanks to the ability virtual currency has to streamline existing... Continue reading Economics Professor Barry Eichengreen Favours Central Bank Issued Digital Currency Over Decentralised Cryptos