Sentences with phrase «of central authority»

As least, that's the contention of some critics, who claim CryptoKitties, like World of Warcraft before it, is under the control of a central authority.

Bitcoin was designed to be public and allow anyone to join, and its blockchain was born out of the need to keep people honest in the absence of a central authority.

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

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

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

Decentralized — The application runs on a public blockchain and is free from the control of a central authority.

However, Bronsens argued that some of the inherent features of Bitcoin which have been previewed as its strength such as lack of central authority can actually distance it from the general crowd and propel it towards a much more mainstream audience.

Government opinion on Bitcoin plays a vital role in the crypto community as Bitcoin and cryptocurrencies claim to be the first decentralized peer - to - peer payment network powered by its users with no central authority or middlemen, this lack of central authority or control makes governments very scared of Bitcoin.

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».

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

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

Bitcoin's intentional lack of central authority or governing body means that any serious discussion on the fundamental nature of «what Bitcoin is» must be based in rational arguments and data, rather than «because we say so» rhetoric.

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

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.

(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.

(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.

Within Maravela Asociații, Ioan proved a set of impressive professional abilities, successfully coordinating extremely complex disputes, most recent highlights including: representation of a central authority in a dispute encompassing 17 separate court files with a multimillion EUR value concerning an important privatized company; representation of a global producer of sports equipment with regard to a multimillion Euros contract fraud committed by one of their commercial partners; coordination of several portfolios composed of tens of litigious files entrusted by leading multinational companies, etc..

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.

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.

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.

As described by conservative economist Friedrich von Hayek, it refers to «the observation that the data required for rational economic (decision - making) are distributed among many individual actors, and thus unavoidably exist outside the knowledge of a central authority.»

[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.]

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

[31] With their advanced weapons and the presence of a central authority they easily invaded and occupied the lands of the local people ruled by the Tendamba (land god priests), established themselves as rulers over them and made Gambaga their capital.

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

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 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.»

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

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 technology itself replaces the role of the central authority.

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.

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.

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.

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.

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.

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

One is via the creation of central authorities and the other is by direct communication between competent authorities.

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.

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.

A distributed ledger is thus the polar opposite of our current system of central authorities and socially trusted intermediaries.

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

Not exact matches

It is kept by a distributed network of computers managed by many people, rather than one central authority.

Separately, a senior Chinese central banker said authorities should ban centralized trading of virtual currencies as well as individuals and businesses that provide related services.

In January, a senior Chinese central banker said authorities should ban trading of virtual currencies as well as individuals and businesses that provide related services.

For starters, here's an overly simplified explanation of Bitcoin: It's a digital currency (there are more than 800 now) that isn't controlled by a central authority such as a government or bank.

«Journalistic work by the party's news media should reflect the party's will and views, protect the authority of the central party leadership, and preserve the party's unity,» he told CCTV at the time.

If that sounds familiar, it's exactly what monetary authorities and central bankers around the world have lulled us into believing; that the lessons of the post-millennial booms and busts are being incorporated into policy.

«What this might do is give hesitancy [on the part of Chinese authorities]... they can't just get you from Central to the border in 10 seconds.»

Like other virtual currencies, such as Ethereum and Ripple, bitcoin has no central authority and relies instead on thousands of computers across the world that validate transactions and add new units to the system - technology known as blockchain.

The Monetary Authority of Singapore and Malaysia's central bank did not immediately respond to requests for comment.