Sentences with phrase «of a central authority»

While both sides have incentives to reach a consensus, bitcoin's lack of central authority has made reaching agreement difficult.

The technology itself replaces the role of the central authority.

This also renders control of any central authority like government or company quite ineffective.

To do so would greatly exceed the intelligence of any central authority, whether it be an individual or committee.

Dash is a peer - to - peer cryptocurrency that allows users to conduct financial transactions directly without the interference of a central authority.

It could render the existence of central authorities and their control over the country's monetary system useless.

We consider the lack of a central authority to be an essential virtue, which means that we can't be protected by one either.

The number of Republican candidates and lack of central authority in evangelicalism makes it hard for evangelicals to rally around a single candidate, he wrote.

As with many similar bank warnings, the organisation is concerned about the absence of a central authority overseeing the bitcoin industry, with «market players in virtual currency systems [providing] only weak security guarantees».

The role of central authority for B.C. is delegated to Jane Connell and Jillian Stewart, lawyers with the Ministry of Attorney General.

And instead of a central authority stamping the transaction (think of a deed on a house verified from the county records) it is the open ledger blockchain that is the authorizing party of the transaction.

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.

Provisions are inserted into the FPR 2010 to ensure that the courts provide any necessary information or documents to the Lord Chancellor (as Central Authority) when requested for purposes of Central Authority functions under the European Maintenance Regulation (Council Regulation (EC) No 4/2009 on jurisdiction, applicable law, recognition and enforcement of decisions and cooperation in matters relating to maintenance obligations) or the 2007 Convention.

(3) The functions of the Central Authority under this Article may, to the extent permitted under the law of its State, be performed by public bodies, or other bodies subject to the supervision of the competent authorities of that State.

Pro-independence lawmakers hope the northeastern region will gain complete political and economic autonomy from Spain despite the referendum putting Catalonia in open defiance of central authorities in Madrid.

The co-founder of Union Square Ventures, who is a considerable proponent of the virtual currency, likened bitcoin to PayPal but without the shackles of a central authority, entity or company and that it is open source and peer - to - peer.

«The revival of Islam,» says Parvez, «would mean the re-establishment of a central authority, a ruler, who would deduce detailed regulations from the Qur» an in accordance with modern needs and conditions and would enforce the collective obedience of the people.»

She does not mean to be a totalitarian religious society whose life and decisions are all ruled by the orders of a central authority.

The radio broadcast, a worship service, demonstrated the authenticity and energy of the religious life in the provincial diocese most closely under the protection of the central authorities.

Even though the central governs, it may delegate some powers to the regions, these powers are exercised at the whims and caprices of the central authority.

A report from Amnesty International yesterday branded the militias «out of control» and acting independently of central authority.

Photo: The office of French President Francois Hollande was one of the central authorities briefed on forex and binary options

[Oct. 17, 7:32 p.m. Updated Roberts has weighed in on Grist, focusing on uncertainty about the promise and limits of central authority or distributed action.]

Early in the discussion, I say that it's hard to see a solution for climate change that doesn't involve the cooperation of virtually all the world's major economies via some sort of central authority.

Admittedly, Article 4 (4) of the FD on the exchange of information extracted from the criminal record states that the central authority of the MS where the person is convicted can in individual cases and at the request of the central authority of the MS of the convicted person's citizenship, provide that authority with a copy of the judgment where this could be necessary to consider the need to take a measure at the national level.

The convention depends on the establishment of central authorities in each signatory country that communicate with one another and with domestic courts to facilitate the return of abducted children to their home countries.

(3) The designation of the Central Authority or Central Authorities, their contact details, and where appropriate the extent of their functions as specified in paragraph 2, shall be communicated by a Contracting State to the Permanent Bureau of the Hague Conference on Private International Law at the time when the instrument of ratification or accession is deposited or when a declaration is submitted in accordance with Article 61.

To initiate Hague proceedings, the left behind parent contacts their own government who will have some form of central authority for dealing with Hague applications.

Bitcoin is fast becoming the first commodity since gold to become a widely accepted means of exchange without the need of a central authority backing it.

The blockchain protocol prevents problems like counterfeiting and debasement from undermining the value of bitcoin without the intervention of a central authority.

The concept of Bitcoin was released by its pseudonymous founder Satoshi Nakamoto who wanted to bring about a decentralized currency system devoid of any central authority in the aftermath of 2008's financial crisis.

Countries like China had tried to stop Bitcoin by cracking down Bitcoin exchanges in the country last year, but it could not as cryptocurrencies like Bitcoin are designed to function on a peer - to - peer basis and is not in the hands of any central authority.

One key feature of cryptocurrencies you may notice right away is its organic nature; it is not issued, nor bound by the laws of central authorities, making it insusceptible to government interference or any sort of manipulation.

Let's vary week lengths according to the whims of a central authority!)»

Rilcoin is an open source and global payment network which would be entirely decentralized excluding involvement of any central authority.

The creation and transfer of this coin do not fall under the management of any central authority and is preponderantly based on an open source cryptographic protocol.

Know your customer (KYC) and Anti-money laundering (AML) policies are also impractical for Bitcoin exchanges to comply with, as exchanges are pressured to transform their infrastructures into a centralized architecture in order to meet the demands of central authorities.

Both governments, with ambitions to create state - sponsored cryptocurrencies, are looking to take advantage of the promise that Bitcoin introduced to the world financial system: a new kind of money and financial infrastructure, outside the control of any central authority, particularly the United States.

Transaction speed and zero censorship due to the absence of central authority.

In those previous cases, radical groups such as Islamic State and its predecessor organisations took full advantage of the chaos caused by lack of central authority and the resulting civil strife.

Blockchain technology could also increase investor confidence in products whose underlying assets are opaque or where property rights are made uncertain by the role of central authorities, the report says.

Instead of a central authority, there was conciliarity with leadership dispersed in local churches.

Bitcoin is a cryptocurrency where the creation and transfer of Bitcoins is based on an open - source cryptographic protocol that is independent of any central authority.

The grand mufti elaborated on his position by stating many of the typical concerns surrounding cryptocurrencies including their cryptographically controlled issuance, lack of central authority and regulation by financial institutions, and their ability to mask users» identities.