Sentences with phrase «network comes to a consensus»

With the same code and the same inputs, the network comes to a consensus about the results of the code.

Not exact matches

The first attempt to scale the network which was presented at the Hong Kong roundtable consensus event failed and it took over a full year since then for the Bitcoin industry, mining community and developers to come to a consensus to activate SegWit.

What this means is that when you spend a cryptocurrency, the approval of the transaction does not come from one central authority, like a bank or PayPal, but rather from a Peer - to - Peer network of computers, coming to a consensus that your transaction is legitimate.

The growing use of the internet, especially in social networking, meant that through the debates of the US Bishops» Conference (commendably held in public session) the general Catholic public became increasingly aware of just what thinking was behind what was coming to be known by consensus as the «lame - duck translation», an expression popularised by Fr Zuhlsdorf who has spent many years analysing «What does the prayer really say?»

Meanwhile, visiting exhibitors spoke candidly of their excitement to build upon — or forge new — networks amongst highly engaged collectors in a city that, the consensus agrees, has truly come into its own.

A general problem that most cryptocurrencies need to solve is the question of how the network can come to a distributed consensus when individual nodes may have an economic incentive for falsifying or altering data.

Each implementation, public or private, uses a different «consensus algorithm», or a way for the network to come to agreement on the transaction history.

Instead, these protocols are used to enable the network to come to a consensus on the validity of transactions and data.

Before getting into possible solutions, Lombrozo first discussed the current issues with coming to consensus on new rules for the Bitcoin network.

The network would not come to consensus about the «state» of the notebook (say, if a note is added or deleted) without the computational power to process the changes.

To recap, mining is the glue that holds ethereum's «decentralized app store» together by ensuring that it comes to consensus on each change to any of the applications (dapps) running on the networTo recap, mining is the glue that holds ethereum's «decentralized app store» together by ensuring that it comes to consensus on each change to any of the applications (dapps) running on the networto consensus on each change to any of the applications (dapps) running on the networto any of the applications (dapps) running on the network.

If the Bitcoin community doesn't come to a consensus about how to scale the network soon, it may run into congestion, in which case people will need an alternative.»

As shown by the comments, the idea comes at a time when interest among network users in exploratory ways to reach consensus on changes to the network rules remains high.