Sentences with phrase «decentralized immutable ledger»

Basically they rewrote history, something that shouldn't be possible in a true decentralized immutable ledger.

Not exact matches

So, by creating an immutable ledger, secured by a decentralized network, we all know who owns what at what time.

Einsteinium is a digital currency which uses an immutable, decentralized open ledger called a blockchain to ensure security and transparency for all.

One is a database entry in a single system, another one is an immutable record of history in a decentralized ledger.»

This decentralized computing network sends and records transactions on the Bitcoin «blockchain» — an immutable and irreversible ledger of every transaction that's ever taken place on the Bitcoin network.

That's because it uses an immutable, decentralized ledger — a permanent, mutually - accessible record - keeping system — to both store and verify information.

Remember the key results that intrigue people are decentralized proof of validity, improved speed, ease and costs of transactions (i.e., reducing friction), and an immutable public ledger with all relevant history.

The other uses for Blockchain, for example as a decentralized trading platform, as a new currency, smart contracts, distributed storage, authenticity verification and as an immutable ledger have all been tasted, but not savoured.

It's decentralized (doesn't have a single point of failure), secure (utilizing cryptography to validate every transaction), immutable history (write - once, spend - only attribute of the ledger), efficient (exchange of information is fast and easy) and transparent (everything is documented).

Having an immutable public ledger is the only thing that can guarantee a blockchain is decentralized.

For those unfamiliar, blockchain is the digital, distributed, and decentralized ledger underlying cryptocurrencies that's responsible for keeping an immutable record of all transactions without the need for a financial intermediary.

The bitcoin blockchain is an immutable decentralized peer - to - peer network that processes financial transactions and allows all bitcoin transactions to be viewed on a public ledger.

Blockchain's decentralized ledger technology nails down the authentication of data in a fashion that guarantees that it is tamper - proof because of the immutable nature of the record.

Without Blockchain technology, there was no «decentralized, immutable, transparent» ledger in which transactions could be recorded, leading to a centralization.