Sentences with phrase «ledger network which»

«Ontology is a blockchain / distributed ledger network which combines a distributed identity system, distributed data exchange, distributed data collaboration, distributed procedure protocols, distributed communities, distributed attestation, and various industry - specific modules.

Like other cryptocurrencies, Ripple is built atop the idea of a distributed ledger network which requires various parties to participate in validating transactions, rather than any singular centralized authority.

Not exact matches

One of the technologies that Emirates has homed in on is blockchains, which are simply decentralized digital ledgers that record all transfers or transactions within a peer - to - peer network.

It's organized through a network known as a blockchain, which is basically an online ledger that keeps a secure record of each transaction all in one place.

Blockchain, which is best known as the system underpinning bitcoin, is a public online ledger of transactions maintained by a network of computers on the internet.

IOTA addresses the issue by introducing a blockchain system completely different from those that already exist — it is built on a Tangle, a blockless, scalable, and lightweight distributed ledger which makes the network self - regulated as consensus on the system is not decoupled, but is an intrinsic part of the Tangle itself.

This is why Ripple, along with a growing community of financial institutions and payments providers, support Interledger Protocol (ILP), which standardizes how to instantly settle transactions across different ledgers and networks.

The technology underpinning bitcoin, however, operates using a decentralised payment system, which means that a payment between two parties is direct and relies on reliable copies of the ledger being distributed to a vast network of bitcoin users around the world, who can verify any changes.

Blockchain Cryptocurrencies like bitcoin record all transactions on a digital ledger, or blockchain, which is shared among a network of computers.

As you may know, the Bitcoin network is a publicly verifiable ledger in which...

it's broadcasted on the blockchain network and stored on a public ledger, which helps to ensure transparency and integrity of the digital currency.

(B) lockchain is a distributed ledger (or register) made up of digitally recorded and encrypted (cryptographically hashed) data in the form of blocks, which when connected via the distributed network of computers storing the blocks, form the blockchain.

For those of you who are unfamiliar with the concept of «mining,» it merely describes the process by which transactions on a blockchain network — blockchain being the digital and decentralized ledger where transactions are recorded — are validated.

Blockchain - which is the basis for Ripple's technology - works like a huge, decentralized ledger for the digital currency bitcoin which records every transaction and stores this information on a global network so it can not be tampered with.

The currency maintains a separate ledger from the Bitcoin network for several reasons, the most immediate of which is that the consensus protocol is different.

The answer lies in Bitcoin mining, which is the way new bitcoins are generated while maintaining the network's shared transaction ledger (also known as the «blockchain»).

Distributed ledgers can be open, verifying anonymous actors in the network, or they can be closed and require actors in the network to be already identified — which seems to be the approach currently favored by most banks and mainstream financial institutions.

Important members of the network are called validators or nodes which pass around transaction data (payments) and block data (additions to the ledger).

The Bitcoin transactions are initially confirmed by the network nodes called Bitcoin miners which are then recorded in the Blockchain — a publicly distributed ledger.

To add to the ledger, a party sends information to a transmitter which agnostically broadcasts - that is without knowledge of those receiving the broadcast - the new ledger entry to the network of receivers.

Often described as smart contracts, the technology uses a decentralized computer network to send messages which create a universally accessible ledger that can't be edited or modified.

Individual nodes decide which version of a new ledger to accept by polling the nodes around them to see what the majority opinion is, allowing the network to quickly settle on a single choice.

Finally, the platform will also use 2 - D distributed ledgers, which will allow the network to grow new valid blocks on top of existing validated blocks.

The Chroma.fund platform issues digital certificates for stocks on the blockchain network — a transparent distributed ledger which allows both investors and companies to track the purchases of stocks on the platform.

As you may know, the Bitcoin network is a publicly verifiable ledger in which...

, which acts as a shared digital ledger of all transactions on the network.

Likewise, the paper is not concerned with an analysis of permissioned networks, in which a group of entities or entity manages a blockchain - based ledger system in a more centralized manner.

Each unit is stored on a shared public ledger of the Stellar network, which is based on blockchain technology.

Everyone involved in the network knows about a transaction which is about to happen and any previous record can be checked anytime through public ledger.

You know blockchain by now: the immutable digital ledger technology behind Bitcoin which logs all transactions and is distributed across a network of personal computers, free from the vulnerabilities (and corruptibility) of a centralised hub or authority.

Chain, a San Francisco firm which designs, deploys, and operates scalable blockchain networks that meet the security, privacy, and compliance requirements of the financial services industry announced today a new cloud - based ledger service called Sequence.

FINNEY devices will form an independent blockchain network, that is based on a distributed ledger which is scalable and lightweight, powered by IOTA's Tangle technology.

Lydian, which has launched its public ICO today, is developing its own Whisper Network Protocol, the fastest blockless directed acyclic ledger that accomplishes scalability, security, and true decentralization as it achieves consensus at record speeds.

It is an immortal, immutable, openly accessible ledger of all transactions which have happened in the network since its inception.

For instance, R3 consortium and the IBM blockchain - as - a-service project are funded by the project leaders themselves, which have created a closed community and ecosystem to develop private distributed ledger - based networks and platforms.