Sentences with phrase «encryption techniques regulate»
While traditional currencies are issued by banks, cryptocurrencies operate under a decentralized model in which advanced encryption techniques regulate the generation of units of currency, and verify the transfer of bitcoins between accounts.
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They are technological constructs that use encryption techniques to regulate issuances and transfers.
Digital currencies, including the most well know — Bitcoin — employ encryption techniques and via blockchain, the units of currency are regulated and transferred independently of a centralised bank or financial institution.
Cryptocurrency - A cryptocurrency is a digital currency that uses cryptography and encryption techniques to regulate the generation of units of currency and to verify the transfer of funds.
Bitcoin, the world's most recognizable digital currency, uses encryption techniques are to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
Cryptocurrency is a digital currency for which encryption techniques are used to regulate its use and generate its release.
A digital currency for which encryption techniques are used to regulate its use and generate its release.
Bitcoin, currently known as the dominant virtual currency, features encryption techniques used to regulate the generation of units of currency, verify the transfer of the funds and operate independently.