Sentences with phrase «different nodes on the network»

Web 3.0 as explained by Lubin, «Instead of the client - server architecture where you've got one company, say Google or Facebook, that has a bunch of servers and we're interacting with them as a counter-party, this new kind of application paradigm has all the different nodes on the network and they are all effectively the back end of the application.

Not exact matches

Plooy also added that nodes on Amiko Pay could essentially act as a decentralized exchange as different assets could be found on the same network.

In fact, the most accurate description of these add - on networks is that each Lightning implementation requires building completely separate networks run and secured by different third parties: pseudonymous node operators acting as payment processors.

Unlike normal Apps, they are not hosted on a server but instead are hosted on a range of different nodes on the Ethereum network.

Having data stored in many different places and needing every blockchain node, database or ledger of transactions to check against each other creates limitations on how quickly data can propagate throughout the network.

However, the issue is that there is a risk of nodes sending other nodes false information, leaving Ethereum on the horns of a problem, but Ethereum's creator believes that problem can be solved by splitting the network into different kind of shards.

«Blockchains are unique in that the specific kind of decentralization that they provide is one of a different character - one that is not distributed, in the sense of «split up between different parties», but replicated: every single node on the network processes every transaction and maintains the entire state,» he writes.