Unlike traditional currencies, bitcoins are not
managed by a central authority and exist only in cyberspace.
Because the Bitcoin code is not
managed by a central authority, changes to the code require buy - in from developers and miners.
[4] Creation and transfer of coins is based on an open source cryptographic protocol and is not
managed by any central authority.
Like many other cryptocurrencies, it provides a peer - to - peer transaction system that is not
managed by any central authority.
It is a digital currency that was designed to act as an alternative to traditional money which is created and
managed by a central authority.
The creation of the coin is based on the open source cryptographic protocol and thus it is not
managed by any central authority.
This coin is not
managed by any central authority and its technical details are nearly same as Bitcoin (BTC).
Not exact matches
It is kept
by a distributed network of computers
managed by many people, rather than one
central authority.
However, rather than rely on a
central monetary
authority to monitor, verify and approve transactions, and
manage the money supply, Bitcoin is underwritten
by a peer - to - peer network akin to file - sharing services like BitTorrent.
If that sounds similar to how Bitcoin bills itself — as a cryptocurrency that «uses peer - to - peer technology to operate with no
central authority or banks;
managing transactions and the issuing of bitcoins is carried out collectively
by the network,» — you're on the money.
It has no
central authority, so
managing transactions and issuing money are carried out collectively
by the P2P network.
«Bitcoin uses peer - to - peer technology to operate with no
central authority or banks;
managing transactions and the issuing of bitcoins is carried out collectively
by the network.
Bitcoins are
managed by peer - to - peer (p2p) technology without any
central authority governing them.
An education freedom act would take educational decision - making firmly away from the politicians and into the hands of local
authorities, while sponsor -
managed schools would replace Labour's academies, to be commissioned
by local
authorities rather than
central government.
«In Canada, the Indian Act is the
central tool
by which the federal government rendered itself the
authority, under s. 91 (24), to completely
manage the affairs of Indians, thus making hundreds of thousands of Aboriginal people wards of the federal state.»
Law enforcement is profoundly more centralized in the U.K. than it is in the United States where the vast majority of law enforcement resources
managed by locally elected municipal, township, town and county governments independent of
central authorities with only minimal coordination and little uniformity.
«Bitcoin uses peer - to - peer technology to operate with no
central authority or banks;
managing transactions and the issuing of bitcoins is carried out collectively
by the network.
Speaking at a banking industry event in Singapore today, Ravi Menon —
managing director of the Monetary
Authority of Singapore (MAS), Singapore's
central bank, said he hoped blockchain technology would not be «undermined»
by a tumbling of the cryptocurrency ecosystem once the hype is eroded.
With a decentralized identity system, a person could
manage his or her entire online identity without the worry of it being censored or abused in any way
by a
central authority.