Sentences with phrase «ensure valid transactions»
To ensure valid transactions without the need for trust in a centralized institution, blockchain - based currencies typically rely on user participation to validate digital transactions and add them to the blockchain.
https://www.finder.com/ Not exact matches
The House of Lords» recent ruling in Yeoman's Row v Cobbe suggests that in commercial transactions the court will be reluctant to assist a commercial party who has failed to ensure his own protection by exchanging a valid contract.
But the decentralized blockchain technology, which is the base of cryptocurrencies, ensures transactions between people are valid and secure.
To ensure that bitcoins are not spent twice and that only valid transactions are added to the block chain, all computers in the network must compete with each other to calculate a checksum (a cryptographic puzzle).
zipLogix Digital Ink ®, the company's secure e-signature solution, ensures that the digital signatures on documents are legal and valid by taking things one step further in the transaction process.