Sentences with phrase «for running smart contracts»

A gas limit is put in place in order to add a cost for running the smart contracts.

Corporate support for the Enterprise Ethereum Alliance is gathering momentum, with 86 new companies adding their weight to the initiative to promote the uptake of Ethereum as the foundation for running smart contracts in Fortune 500 enterprises

Gas is actually very important for Neo platform as this token serves the purpose of paying for running smart contract operations, which means that Gas is actually powering up smart contracts, which is one of the most important features that Neo has as a platform.

Not exact matches

The ICO will issue utility tokens, which can be used for platform services, such as purchasing subscriptions or running a smart contract.

Assume — for the purpose of this post — that a smart contract is a computer program that automates parts or the entirety of an actual legal agreement and that instead of being deployed on a single computer or server, the code is distributed to, and runs on, a non-hierarchical network of computers (probably via a blockchain).

The vision for Legaler Aid is a completely decentralized charitable entity that runs on smart contracts over a blockchain, allowing social justice legal cases to be crowdfunded via tax - deductible donations and shared on social media.

The code that was developed for the (confusingly named) The DAO application was called a «smart contract,» and ran as a DAO application on top of the Ethereum blockchain.

I had been researching the legal implications of blockchain technologies for over 2 years already, focusing mostly on the new opportunities provided by Ethereum and smart contracts, and I was particularly fascinated by the ability to deploy software on the blockchain that runs autonomously and can no longer be shut down, or controlled by anyone.

The service provider would integrate and maintain the foundational technologies required to run the blockchain, monitor and troubleshoot the blockchain network, and provide an operations interface for the members to perform dynamic configuration, monitor SLAs, and manage policies as well as tools to manage smart contract lifecycle - deploy initial chaincode, upgrade to a new version, etc..

Xenio runs on its own dedicated game - optimized blockchain, utilizing smart contract technology for provably fair game statistics and trustless transactions on the integrated game asset marketplace.

Other companies have pounced on the lucrative potential of smart contracts by offering similar platforms that make up for the inherent shortcomings of the technology that Ethereum runs on.

The network has been able to dramatically increase the scalability of the blockchain by creating sidechains for each DApp — which they call a DAppChain — and it can run side - by - side with Ethereum smart contracts.

Which means it can run «apps» — my simple metaphor for «smart contracts».

These smart contracts run on Blockchain and eliminate the need for third parties.

Running on the Ethereum blockchain, SportyCo will use smart contracts and other blockchain benefits to minimize logistical issues and sports financing costs, and maximize instant and secure transactions between the participants in the sports economy, along with introducing new ways for athletes and sports organizations to find funding.

Launched in 2015, Ethereum has some cutting - edge features like smart contracts and distributed an application that runs without any downtime, reduce the risk of fraud or interference from third party and secure platform for trading.

This book outlines the specifications for the Ethereum virtual machine (EVM), which handles the state of the ledger and runs smart contracts.

Just like Ethereum, ETC is a secure, censor - proof, reliable, public, trustless, and decentralized platform for running applications and smart contracts.

Solidity is a javascript - like programming language designed for developing smart contract programs that run on the Ethereum Virtual Machine (EVM).

Ethereum is a decentralized platform for applications that are guaranteed to run exactly as expected via smart contracts.

Right now, a smart contract can only run for a fraction of a second on Ethereum.»

The service provider would integrate and maintain the foundational technologies required to run the blockchain, monitor and troubleshoot the blockchain network, and provide an operations interface for the members to perform dynamic configuration, monitor SLAs, and manage policies as well as tools to manage smart contract lifecycle — deploy initial chaincode, upgrade to a new version, etc..

The company wants to allow access to more computing power at lower costs to app developers has an incentive for the development of new DApps as well as new smart contracts developed for small tasks such as applications that can run independently from the blockchain.

These smart contracts run exactly as they were programmed, without any scope for fraud, censorship, or third - party interference.