Sentences with phrase «exchange value of ether»

Not exact matches

Reports from CCN point out that: To explain the Plasma Cash model, Buterin gives the example that if a user deposits some amount of ether to a crypto exchange or any third party service, a Plasma coin would be created with the same value of ether and a unique ID that can not be merged or split.In contrast with Plasma, Plasma Cash would only require users to pay attention to the blocks that contain coins they want to keep track of:

As used herein, «Digital Currency» means a digital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store of value.

The question of what gives classic ethers (ETC) value is still up for debate, but in short, it has value because people believe in the project, and those interested in supporting it can invest in (or speculate) on the market now that it's listed on exchanges.

Aside from being simply a store of value and a medium of exchange, the digital protocol token known as Ether has the ability to execute smart contracts, or blocks of code designed to execute a wide spectrum of possible transactions.

To explain the Plasma Cash model, Buterin gives the example that if a user deposits some amount of ether to a crypto exchange or any third party service, a Plasma coin would be created with the same value of ether and a unique ID that can not be merged or split.

Say what you will about Cryptokitties, but the app does something today that nearly all enterprise blockchains still can not: exchange one item of value, a cryptokitty, for another item of value, ether.