Sentences with phrase «known validators»

Oracles Network's PoA consensus algorithm is reached by independent and known validators who hold an active notary public license and serve as authorities to secure the network by validating blocks.

Not exact matches

This cryptocurrency complies with regulatory authorities with a KYC (Know Your Customer) approach, and a hardware device called the validator, which is the enabler for customers to withdraw funds from their accounts in a highly secure environment.

If Cuomo has a principal validator on Wall Street, it's Mack, people who know them both say.

Just one Democratic chair, a woman from New Hampshire who spent years on the Upper West Side and said she knows Manhattan Borough President Gale Brewer, considers de Blasio an important progressive validator on the national stage — the presumptive rationale for de Blasio holding out his endorsement of Hillary Clinton, his former boss.

However for industry distributed ledgers where parties are identified and known, you don't need lots of validators: efficiencies can be created immediately just with a distributed ledger between two participants.

«This is obviously incompatible with a protocol based on anonymous transaction validators; the law will not treat a ledger record as authoritative if everyone knows that the current longest chain contains blocks generated by an anonymous attacker who replaced a bit of history that was chronologically prior.

From this perspective, private blockchains are laughable because they depend on the collective good behavior of a known group of validators, who clearly can not be trusted.

Private blockchains on the other hand, with known block validators, may have other mechanisms replacing proof - of - work that limit the ability of others to subvert the chain.

From this perspective, private Blockchains are laughable because they depend on the collective good behavior of a known group of validators, who clearly can not be trusted.