Sentences with phrase «digital public ledger»

Every single bitcoin payment is recorded in a digital public ledger known as the blockchain.

The blockchain can be defined as a digital public ledger that remains open for all.

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But as it and other digital «cryptocurrencies» have evolved, along with the public ledger system that makes up the blockchain, much of the bitcoin economy has been increasingly overtaken by big money — or by entrepreneurial prospectors who want to grab a piece of the bubblicious ICO phenomenon.

That's in part due to blockchain, a technology that records cryptocurrency transactions chronologically in a public digital ledger.

Ethereum is also cryptocurrency based on blockchain technology, connected by a public database that keeps a permanent ledger of digital transactions.

Bitcoin is a digital currency created in 2008 and the blockchain its global public ledger, which records every Bitcoin transaction.

Although the FBI shut down Silk Road, the illicit drug marketplace that only accepted Bitcoin, the digital currency's public ledger helped authorities track down a handful of drug dealers.

Cryptocurrency transactions are stored and recorded in public, digital ledger called blockchain.

Digital currencies have historically been used for illegal activity thanks to their reliable and anonymous public ledger of accounts.

The initiative is a synergy of two systems, a private digital ledger and the public ethereum blockchain behind cryptocurrencies, such as bitcoin and litecoin.

NODE40 Balance allows digital currency owners to use the blockchain as the public ledger it was always intended to be, and provides users with the most accurate data for their reporting obligations at tax time.»

The blockchain is a public online ledger of transactions that first became well known as the software underpinning bitcoin, the first digital currency.

Some digital currency transactions shall be deemed to be made when recorded on a public ledger, which is not necessarily the date or time that the customer initiates the transaction;

And more recently, reports have emerged that amid the crisis, Venezuelans are increasingly capitalising on heavily subsidised electricity costs in the country to mine bitcoin — that is, the process of validating new transactions onto bitcoin's public ledger (the blockchain), which is then rewarded with the receipt of newly minted digital currency.

it's broadcasted on the blockchain network and stored on a public ledger, which helps to ensure transparency and integrity of the digital currency.

The Trust holds «Bitcoins,» a digital commodity based on an open source cryptographic protocol existing on the online, end - user - to - end - user network hosting the public transaction ledger, known as the «Blockchain,» and the source code comprising the basis for the cryptographic and algorithmic protocols governing the issuance of and transactions in Bitcoins (the «Bitcoin Network»).

Each transaction is recorded in a public ledger, called a «block chain,» to keep people from writing the digital equivalent of a bad check.

It is a distributed digital ledger in which all transactions are recorded and made available to the public.

By logging digital credentials on the secure, decentralized, public ledger known as the blockchain, fraudulent credentials and mistrust between learners and verifiers are no longer problems.

Bitcoin solves this with a public digital ledger that records every transaction, and which forms the basis of the blockchain.

A blockchain is a public, distributed ledger that is replicated and hosted on numerous computers, creating thousands of digital carbon copies that give the system credibility and oversight needed to create a secure public list of an asset.

All bitcoin transactions can be viewed of the digital currency's public ledger called the blockchain...

When you use your Luno Account to send or receive digital currency, the transaction must be confirmed and recorded in the public ledger associated with the relevant digital currency network (e.g. the Bitcoin network or the Ethereum network).

Basically, permissioned blockchains would offer the advantages of digital currencies powered by public blockchain — fast and cheap transactions permanently recorded in a shared ledger — without the troublesome openness of the Bitcoin network where anyone can be a node on the network anonymously.

The blockchain is a public digital ledger that records bitcoin transactions.

Permissioned blockchains would offer the advantages of digital currencies powered by public blockchains — fast and cheap transactions permanently recorded in a shared ledger — without the troublesome openness of the Bitcoin network where anyone can be a node on the network anonymously.

So let us clear you with that fact that all your Bitcoin or digital coins transactions are recorded or shown in a public ledger.

This makes Monero different from other digital coins that record their transaction in a public ledger like Bitcoin.

How does a payment work — A transfer of funds between two digital wallets is called a transaction and this transaction is submitted to a public ledger called the blockchain where it awaits confirmation.

The public language for Digital Asset's new «digital asset modeling language» (DAML) backs up this assessment, with wording specifying that not all nodes on the network will process all updates to the Digital Asset's new «digital asset modeling language» (DAML) backs up this assessment, with wording specifying that not all nodes on the network will process all updates to the digital asset modeling language» (DAML) backs up this assessment, with wording specifying that not all nodes on the network will process all updates to the ledger.

Transactions in the new digital currency would be open to everyone via a public ledger in a local currency such as the dollar or euro.

It has the potential to bring together the vast amount of property information currently stored in many private and government databases, including all legal and transaction history, via a single digital address stored on an immutable, public distributed ledger.