Sentences with phrase «decentralized main chain»
While the IOTA blockchain technology is a tangle chain based on DAG (directed acyclic graph), IoT Chain will be a decentralized main chain based on PBFT (practical Byzantine fault tolerance) consensus, which will allow for fast and accurate mining.
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The block chain is seen as the main technical innovation of bitcoin, where it serves as the decentralized public ledger of all bitcoin transactions.
The platform will enable smart contract execution and allow developers to build decentralized applications on top of the main chain.
Lisk is a decentralized network, like Bitcoin and Litecoin, which enables developers to deploy their own side chains off the main Lisk blockchain.