Sentences with phrase «distributed public blockchain network»

It is second only to Bitcoin in the hierarchy of cryptocurrencies and, like Bitcoin, Ethereum is a distributed public blockchain network.

Ethereum, like Bitcoin, is a distributed public blockchain network, but they differ substantially in purpose and in capability.

Both Bitcoin and Ethereum are distributed public blockchain networks.

Not exact matches

The proposed legislation would apply to three different types of distributed ledger technology platforms: private networks for internal use within a company, private networks that are accessible to certain entities outside the company that deployed them, and public blockchains.

As such, the blockchain is managed autonomously by all members within the peer to peer network through the replication of all transactions made on the public ledger and the distributed time - stamping server.

The blockchain encrypts transactions, then distributes them throughout the network, creating a public record that is virtually impossible to hack.

I think it's surprising because some people thought that private «distributed ledger technology» would be the panacea to cure us of all the «ills» of public blockchains (total transparency of network, mining and potential centralization, anonymous actors and the slow speed of transaction times)- however we have seen that is not the case.

Bitcoin transactions are verified and recorded by several unique network nodes on a distributed public ledger called a blockchain to ensure redundancy and prevent fraud or counterfeit.

Ethereum transactions are verified and recorded by several unique network nodes on a distributed public ledger called a blockchain to ensure redundancy and prevent fraud or counterfeit.

Others assert that the public blockchain is inherently insecure and that problems on the distributed network could quickly spread.

Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain.

It misses the greatest strength of blockchain, transferring a (digital) asset with a public, distributed network instead of a human with a stamp.

Simply stated, a blockchain is a distributed database or public ledger, made popular by Bitcoin, that maintains a continuously - growing list of all transactions in a particular network that have ever been executed.