Sentences with phrase «distributed consensus mechanism»

Bitcoin Atom will use a hybrid proof of work and proof of stake distributed consensus mechanism.

All said, something needed to be done, and with the blockchain's distributed consensus mechanism, applying such changes also requires the approval of the majority if not all of the stakeholders involved.

Because of the cryptographic proofs, because of the encryption, and because of the distributed consensus mechanism, those attributes are built into the system.»

«51 % vulnerability:» Blockchain «relies on the distributed consensus mechanism to establish mutual trust.However, the consensus mechanism itself has 51 % vulnerability, which can be exploited by attackers to control the entire blockchain.

We conclude that the apparent distributed consensus mechanism doesn't serve a clear purpose, because the default behaviour of Rippled nodes effectively hands full control over updating the ledger to the Ripple.com server.

Some have argued that innovations like the Lightning Network will scale this problem out of existence, while other critics claim that a proof - of - stake, distributed consensus mechanism could prove to be more ecologically sound.

Not exact matches

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.

More broadly, a blockchain is a mechanism for updating truth states in distributed network computing, producing consensus trust and serving as a new form of general computational substrate.