Sentences with phrase «decentralized computer network»

Often described as smart contracts, the technology uses a decentralized computer network to send messages which create a universally accessible ledger that can't be edited or modified.

The new paradigm employs a decentralized computer network as the backend to applications, the figurative engine underneath the hood.

Not exact matches

Blockchains are decentralized ledgers that record transactions and other data across a network of computers rather than within one centralized server.

All Bitcoin transactions are recorded in a public ledger maintained by a decentralized network of computers.

Decentralized applications boast a radically different architecture where all know - how and logic is distributed and deployed across a network of nodes, or computers, without a single point of failure.

The «decentralized global computer», as Popper describes it, operates through a network of computers that analyzes and verifies computations in order to store a wide variety of information, unlike Bitcoin which stores financial information.

By using a decentralized distributed ledger, cryptographic protocols and peer - to - peer networks, mobile phones are able to record transactions across a network of computers instead of centrally, cutting out the (expensive) middleman.

A blockchain is a decentralized digital ledger of encrypted transactions called «blocks» that are distributed over a peer - to - peer network of computers.

Blockchain technology enables data to be held across a network of computers in a decentralized manner.

Crowd Machine is creating the Crowd Computer, a decentralized app execution engine that is powered by a peer - to - peer network of Crowd Virtual Machines («CVM») that run on peer devices by device owners who are paid for their excess capacity.

Blockchain is a digital ledger, or record, of transactions managed by a decentralized network of computers.

For example, some decentralized exchange systems may be analogized to Electronic Communication Networks (ECNs), where traders trade directly between themselves using computer - based systems that automatically match and execute orders.

Here's another example: a decentralized application called Filecoin enables users to store files on a peer - to - peer network of computers instead of in centralized file storage services like Dropbox or Amazon S3.

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.

It is important to realize that the foreign exchange market is not a single exchange, but is constructed of a decentralized network of computers that connects participants around the world.

a decentralized database shared across a network of computers creating an immutable record in which no single party can alter the data

For those open - minded lawyers prepared to engage the possibilities, blockchain — a decentralized database shared across a network of computers creating an immutable record in which no single party can alter the data — presents a tremendous opportunity to participate and play a critical role in shaping how the technology gets used in practice.

A blockchain functions as a decentralized database that is managed by computers belonging to a peer - to - peer (P2P) network.

The data is distributed across countless computers connecting the blockchain network or notes immediately after being put into IOTA's decentralized ledger.

Cryptocurrencies are decentralized and run by a network of computers instead of a single person or a company.

It's about having all those [decentralized applications] that work well together because they're on the same world computer, the Ethereum network.

Kroger, Walmart and Nestle collaborate with IBM over Blockchain to root out Meals Poisoning Blockchain, a distributed ledger technology, provides a decentralized platform to record data and information over a network of computers.

Crowd Machine is creating the Crowd Computer, a decentralized app execution engine that is powered by a peer - to - peer network of Crowd Virtual Machines («CVM») that run on peer devices by device owners who are paid for their excess capacity.

The process, pioneered in bitcoin, uses a decentralized network of computers to secure the bitcoin blockchain and process transactions.

And like other blockchain systems, the Stellar network is a decentralized application run on computers all around the world.

The third - highest mover is MaidSafeCoin (MAID), the asset that fuels the MaidSafe network, where users can create and host websites, store private data and share public data through a decentralized mesh network of computers.

It introduced dapps and smart contracts, it gave us the phrase «world computer», and it continues to grow as developers find clever new uses for decentralized networks.

Synereo calls its «World Computer» «the perfect decentralized social network... a virtual machine, capable of running decentralized applications (dApps), designed for massive use at blazing speeds.»

The entire Ethereum network is a giant mass of nodes (computers) connected to one another that enforce, execute and validate programs in a decentralized manner.

The blockchain technology is a result of a revolutionary idea that Satoshi Nakamoto came up with which included combining cryptography, networking theory, computer science and economic incentives to create a fully individual, decentralized cryptoeconomy.

So, overall, while cryptocurrency such as Bitcoin enables you to participate in a decentralized, global financial network, Ethereum allows you to interact in a decentralized, global computational network — it is a «world computer.»

Put simply, blockchain is data that's stored and maintained by a decentralized network of computers.