Sentences with phrase «improve upon bitcoin»

In an effort to improve upon Bitcoin, former Google engineer Charles Lee created Litcoin (he recently returned from Coinbase to head Litecoin once again), and it was a real innovation, perfectly tailored to be the smaller brother of Bitcoin.

The motivation behind its creation was to improve upon bitcoin.

The motive behind creating Litecoin was to improve upon bitcoin, to make the process of transaction easier and less time - consuming.

Some of these currencies aim to improve upon Bitcoin's technical or operational difficulties, such as transaction speed and security.

Developed by Evan Duffield, he wanted to improve upon Bitcoin but didn't have enough pull to make that happen, so he developed Darkcoin or Dash.

On its website, Verge is described as a cryptocurrency which «improves upon the Bitcoin blockchain» and uses open - source software like Tor and I2P — both of which have been used in connection to the former trading site for illicit goods, the Silk Road.

Grayscale suggests that this innovation improves upon the Bitcoin blockchain which, in contrast, leaves all those data visible.

ZCash improves upon Bitcoin, but does it do so in ways you approve?

There have also been a number of other crypto currencies that have been developed that have greatly improved upon the Bitcoin protocol and include could be focused on privacy like Monero or smart contract technology like Ethereum.

Not exact matches

Recalling his frustrations with the political nature of the Bitcoin community, of which he was once a member, Thomas advises that protocols remain flexible enough to be incrementally improved upon, much like the Web itself.

Litecoin's ultimate aim was to improve upon and reduce the lag and bottlenecks we can often see with Bitcoin.

Platforms like Ripple and Stellar aim to improve upon the groundwork laid down by Bitcoin to become the new backbones for financial transactions.

Verge (XVG): Verge currency is a cryptocurrency that improves upon the original Bitcoin blockchain and aims to meet the primary purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining personal privacy, says the Verge currency's website.

Altcoins are referred to as bitcoin alternatives because, at least to some extent, most altcoins aim to either replace or improve upon at least one bitcoin component.

O'Connor's paper, titled «Simplicity: A New Language for Blockchains,» presents Simplicity as «a new programming language, designed to be used for cryptocurrencies and blockchain applications, which aims to improve upon existing cryptocurrency languages, such as Bitcoin Script and Ethereum's EVM [virtual machine], while avoiding some of the problems they face.»

Using bitcoin allows us to build on top of the best practices and industry standards that were built and improved upon over the years.

Verge Verge claims to improve upon the original Bitcoin blockchain.

BlakeStar is partially derived from bitcoin but improves upon it by using the Blake2s hashing algorithm.

Some of these issues may be improved upon, while it could also be possible to extend KYCPoll to include KYC - registered users from other Bitcoin companies — not only Coinbase.

It uses the same algorithm as bitcoin but improves upon it by enabling semi-transparent processing.