Sentences with phrase «on the bitcoin network»

The wallet's settings allow users to select from a sliding range of options for the minimal fees required to quickly confirm a payment on the Bitcoin network.

But not everyone on the Bitcoin network uses this software.

This is at least in part driven by the appearance of ASICs on the Bitcoin network.

Only 3 - 4 transactions per second can be made on the Bitcoin network, with an average of 61 transactions per second taking place on the Bitcoin Cash network.

Reducing the transaction fee may cause a confirmation delay on the Bitcoin network, resulting in unwanted problems.

Because all bitcoin transactions have to be stored forever on the bitcoin network, someone could theoretically simply transmit a large number of transactions which would have to be stored by the entire network forever.

Payment Protocol gives us the opportunity to prevent incorrect BitPay invoice payments from ever being broadcast on the Bitcoin network.

While a terrible user experience is one thing, adding to the congestion on the Bitcoin network and paying unnecessary fees to miners is another.

With Payment Protocol, a wallet can coordinate a payment directly with BitPay's servers before it is broadcast on the Bitcoin network.

The first whitepaper around Filecoin describes a protocol which relies on the Bitcoin network.

Announced at Token Summit II in San Francisco, the news was revealed onstage by Hoffman, who indicated that it represents a response to ongoing congestion on the bitcoin network that he said has made it less useful for payments.

On November 29, more than 6 % of all transactions on the bitcoin network were spent on goods and services through BitPay's platform.

And for the Bitcoin cash hard fork, they added strong Replay protection which means it's really protected on both sides and b cash or Bitcoin cash transactions if you will are not replaceable on the bitcoin network and vice versa.

This significant announcement comes roughly one month after the popular exchange rolled out support for SegWit transactions on the Bitcoin network — which has significantly reduced bitcoin transaction fees on the platform.

And this transaction at any time can be sent on the bitcoin network to kind of finalize the final balance.

Transaction malleability is an attack that lets a person change Bitcoin transaction's unique ID before confirmation on the Bitcoin network.

The whole process will take around half an hour or more, (this depends on the Bitcoin network).

While it's intuitive to think that more computational power on the Bitcoin network yields faster transactions, the two are unrelated.

The extreme computational power seen on the Bitcoin network serves to protect the network from malicious actors who may wish to disrupt transactions or Bitcoin's record of transactions and ownership (the «blockchain»).

Currently it's busy on the bitcoin network, which results in longer confirmation time than usual.

Yes mining fees on the Bitcoin network are sometimes high due to the increase in demand and adoption of Bitcoin.

The latest price escalation comes amid an increase in transactions observed on the bitcoin network, with this figure hitting a 52 - week peak on 30th November, and follows what has been a strong end of the year for the digital currency, which traded for under $ 200 as recently as January.

There wasn't a lot of traffic on the Bitcoin network, and mining could be done from your personal computer.

Miner fees are bitcoin given to bitcoin «miners», the specialized hardware units (and their operators) that confirm and secure transactions on the Bitcoin network.

This decentralized computing network sends and records transactions on the Bitcoin «blockchain» — an immutable and irreversible ledger of every transaction that's ever taken place on the Bitcoin network.

Forks on the bitcoin network regularly occur as part of the mining process.

We have often covered the controversies surrounding block size debate, a possible fork on the bitcoin network, and the inability of miners to reach clear consensus in the past.

While the median bitcoin transaction fee approached $ 35 near the end of December, Barhydt noted that Abra has recently paid around $ 0.75 per transaction on the Bitcoin network -LRB-

Update May 22, 20:00 UTC: The issues on the Bitcoin network (see below) seem to have reappeared.

While the median bitcoin transaction fee approached $ 35 near the end of December, Barhydt noted that Abra has recently paid around $ 0.75 per transaction on the Bitcoin network (see this article for the reasons fees dropped so dramatically).

The number of unconfirmed transactions on the Bitcoin network is higher than ever:

Since the mining community has already agreed to activate SegWit via Bitcoin Improvement Proposal BIP 91 and 141, the original SegWit proposal, SegWit is likely to be activated on the Bitcoin network by Aug. 14.

Lightning even has the potential to support cross-protocol payments, such as a payment where the sender sends Bitcoins on the Bitcoin network and the recipient receives lumens on the Stellar network, without having to trust any parties in between.

I personally focus my energy on the bitcoin network and feel that it won't get superseded very easily.

«Bitcoin» — A type of a Digital Math - Based Asset based on an open source cryptographic protocol existing on the Bitcoin Network, and the assets underlying the Trust's Shares.

To begin mining, a user can download and run Bitcoin Network mining software, which, like regular Bitcoin Network software programs, turns the user's computer into a «node» on the Bitcoin Network that validates blocks.

Due to the Bitcoin blockchain's success and rising adoption, demand for Bitcoin transactions is outstripping capacity, causing miner fees to rise on the Bitcoin network.

To the extent that such malicious actor or botnet does not yield its majority control of the processing power on the Bitcoin Network, reversing any changes made to the source code or Blockchain may not be possible.

In many cases, a user's own activity on the Bitcoin Network or on Internet forums may reveal information about the user's identity.

A reduction in the processing power expended by miners on the Bitcoin Network could increase the likelihood of a malicious actor or botnet obtaining control in excess of 50 percent of the processing power active on the Bitcoin Network or the Blockchain, permitting such actor or botnet to manipulate the source code of the Bitcoin Network in a manner that adversely affects an investment in the Shares or the ability of the Trust to operate.

News It's been a crazy week for cryptocurrency enthusiasts as the digital asset ecosystem is still reeling over the canceled Segwit2x fork that was expected to take place on the Bitcoin network next week.

Further Dr. Wright delved into a slideshow touching on bitcoin network topology and small world vs mesh.

-- Bitcoin Cash users should NEVER send Bitcoin Cash to a SegWit address generated on the Bitcoin network, you won't be able to recover your coins.

One of the few benefits of rising transaction fees is that it's eliminated a lot of the spam on the bitcoin network.

The main difference between Bitcoin and Bitcoin Cash is that the latter has a blocksize eight times larger than the original cryptocurrency, which its proponents believe will help boost transaction times from the seven - per - second seen on the Bitcoin network.

Electrum servers also store records of every address ever used on the Bitcoin network, which, as user - base increases, poses a hindrance to scalability.

Goldberg and Heilman, along with two other researchers, published the first paper on eclipse attacks on the Bitcoin network three years ago.

The firm cited rising activity on the bitcoin network as a driving factor for the upgrade.

If activated, it could serve as «a potential sandbox» to test and refine the new implementation prior to its activation on the bitcoin network.

And work is proceeding on the lightning network, a second layer protocol that runs on top of bitcoin, opening up channels of fast microtransactions that only settle on the bitcoin network when the channel participants are ready.