Sentences with phrase «difficult as the blockchain»

For decentralized cryptocurrencies, it is not difficult as the blockchain «is openly available».

Not exact matches

That may be a very difficult task, as several blockchain explorers have revealed that the bitcoins have likely already been sent through anonymization services, called Bitcoin mixers.

Fraud and money laundering will be tougher to execute, as it would become significantly more difficult to forge documentation; and such crimes would be easier to detect, as the identity of an individual or entity can also be stored on the blockchain, which ensures secure and quick identity authentication without the need to warehouse data at third - party repositories.

Banks involved in testing Project Ubin, including Bank of America Merrill Lynch and HSBC Limited, as well as government organizations like the Infocomm Development Authority of Singapore are seeking to exploit the capabilities of blockchain provenance systems to improve efficiency and security for transactions such as letters of credit (LOC); LOCs support some $ 2 trillion of transactions in the importer / exporter market, but can be difficult to manage, as they generate a copious amount of time - consuming paperwork.

As a blockchain community grows, it becomes increasingly more difficult for stakeholders to reach a consensus on changing network rules.

That may be a very difficult task, as several blockchain explorers have revealed that the bitcoins have likely already been sent through anonymization services, called Bitcoin mixers.

In other words, growing competition from other cryptocurrencies and brand - name companies as a result of the low barrier to entry in developing and deploying blockchain and virtual coins is making life difficult.

Sam Englebardt, head of strategic partnerships at Galaxy Digital, said in a statement, «With so many new blockchain projects, it can be difficult to ascertain which ones will emerge as market leaders.

As block size increases, the size of the entire blockchain increases along with it, making it more difficult to store the entire blockchain and run a full node.

As more miners join, mining become more and more difficult, as the blockchain continually works to keep mining success to just one block every 10 minutes or sAs more miners join, mining become more and more difficult, as the blockchain continually works to keep mining success to just one block every 10 minutes or sas the blockchain continually works to keep mining success to just one block every 10 minutes or so.

Promoting a blockchain project is going to become increasingly difficult as the crypto space exponentially fills with new tokens and ICOs.

This reduces demand on block space and improves privacy, as you only reveal a small part of the smart contract to the public blockchain, so it's more difficult to analyze.»

Both Swanson and Breitman contend that the research helps position R3 as a thought leader in the space, as well as a collaborator across an industry in which all members are working to solve difficult challenges related to the use of blockchain tech.

Since most people find it difficult to perceive the value of solar panels, the blockchain can help certify the production and also help in tracking electricity as a currency.