Sentences with phrase «on a decentralized network»
All transactions made on these decentralized networks are public and the best thing is that they are not controlled by one governing entity.
captainaltcoin.com
Because bitcoin operates on a decentralized network run by contributors around the world, transactions are slow and users pay a portion of their tokens to use the network's computing power.
Original data is kept on a decentralized network, which enables the development of decentralized apps on top of it.
Research on the topic brings up articles on mining and protocols, and we are quickly overwhelmed by the technological details of running a blockchain on decentralized networks.
Because they exist on decentralized networks, such as a blockchain, smart contracts can not be altered and therefore create a relationship that doesn't rely on trust.
As a result, developers contend that the group is using a centralized strategy to drive decision - making on a decentralized network.
Snovio's crowdsourcing data collection technology will be based on a decentralized network of an unlimited number of contributors who will add new data to the system and update already existing information using Snovio Chrome Extension.
Unlike other forms of money, which are controlled by governments and financial institutions, Bitcoin operates on a decentralized network of computers that no one institution controls.
Proponents of Vdice and similar Dapps feel confident about the added safety measures they provide users through smart contracts on a decentralized network.
«To be self sovereign, you can't be dependent on a decentralized network,» Sena said.
In case you are unclear on the meaning of cryptoeconomics, it is the emerging field of study of how we use digital incentives to drive specific resources and behaviors on decentralized networks that lead to some globally desired result such as security or network effects.
Second, bitcoin gold wants to attract more people to the new «system», thus freeing up the network of large companies that currently have a lot of influence on the decentralized network.
NFC enabled virtual debit card, which is funded by traders on a decentralized network in exchange for your Bitcoin.
The bots installed on the decentralized network validate the transactions and communicate with each other in order to guarantee both security and transparency.
That's how it happens on decentralized networks.
Transactions are anonymous and secure on a decentralized network, with users» IP addresses obfuscated.
Through the app, people can already start to centralize all their personal data on a decentralized network.
AirSwap also allows its users to build storefronts, marketplaces and auctions on its decentralized network.
Putting apps on decentralized networks would be great... IF the cloud hosting industry was an overly expensive oligopoly, with a lot of downtime and censorship for those using it.
Since the whole cryptocurrency concept is based on a decentralized network and you're put in total control of your personal / financial affairs, it seems obvious that you would also want to make a decision whether to accept a new proposal or not.
SegWit2x would essentially allow centralized decision making on a decentralized network, negating the initial concept of Bitcoin
The blockchain can store information, such as the ingredients for an important medication, on a decentralized network that can not be brought down as easily as centralized systems.
On the other hand, the process for verification of transactions or payments from one user to another on a decentralized network and a channel for introduction of new coins are called Bitcoin mining.
Bitcoin mining is a process for verification of transactions or payments from one user to another on a decentralized network.
Contrary to the traditional fiat currencies, where the value of USD, EUR or GBP is determined by the decisions from governments, central banks, politicians and financial institutions, digital currencies remain unaffected by them due to the fact that they are based on decentralized network.
On a decentralized network, this is nearly impossible.