Sentences with phrase «other blockchain networks because»
The Ethereum network has to process more transactions than other blockchain networks because it operates as the base protocol for large - scale decentralized applications.
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Ethereum is by definition and in the real sense a virtual currency because the blockchain is usable in other aspects of the computer network.
There is the permission list — bitcoin, Ethereum, public blockchains — and then there is a whole other ecosystem where established financial institutions, kind of the traditional market if you want to think about it that way, is trying to apply this technology but in a different way using private networks where you don't need the same trust because these banks will know each other.
Lee reaffirmed that he was not concerned with the short - term price trend of Litecoin, because other indicators showed that Litecoin was a more active blockchain network than its competition.
It's more functional today [than other versions of lightning networks], because it's the first network of this style that's settled back to the main blockchain.»
This is made possible because Dash's masternodes — 4600 in total — each carry a full copy of the Blockchain and perform other services for the network.
Because there is no single Blockchain, it becomes possible to merge two independent networks together by simply establishing two - way connectivity between their nodes and then configuring each side to trust each other's notaries and certificate authorities
Loom believes that DApps running on a blockchain like Ethereum have major bottlenecks that prevent them from scaling because they are competing with other DApps on the network for the same, limited, computing resources.
These can be risky, because if some Bitcoin users adopt the change, while others do not, the network, blockchain, and currency can split in two.
Bitcoin Core sees the Lightning Network (or some other off - chain protocol) as the best path forward because it does not believe the system can scale with too many transactions on the blockchain.