Sentences with phrase «designed shared ledger»

Not exact matches

First off, Eco's blockchain, or shared ledger system, is designed to run on «verified nodes,» rather than on the machines of an anonymous network of volunteers.

Likewise you can say «Yes, but I can build a system where participants have shared control of data by getting some databases, connecting them together with APIs, using some digital signatures, creating a consensus mechanism to resolve race or double spend conditions, etc etc» but you will have designed distributed ledgers.

Since the first blockchain, bitcoin, was unveiled in 2009, banks that had been fierce competitors are forming friendly - seeming consortia designed to better capitalize on the potential benefits of a shared ledger.

Designed to power projects aiming to replace the likes of Google and Facebook, one problem facing ethereum is that growing to such scale would require putting an unimaginable amount of data on the blockchain, a shared ledger every node must download.