Sentences with phrase «public ledger called»

Every transaction is validated and recorded on a public ledger called a blockchain that is maintained by a network of computers.

How does a payment work — A transfer of funds between two digital wallets is called a transaction and this transaction is submitted to a public ledger called the blockchain where it awaits confirmation.

Ethereum transactions are verified and recorded by several unique network nodes on a distributed public ledger called a blockchain to ensure redundancy and prevent fraud or counterfeit.

Bitcoin transactions are verified and recorded by several unique network nodes on a distributed public ledger called a blockchain to ensure redundancy and prevent fraud or counterfeit.

As all transactions are kept on a public ledger called the blockchain and readily available to anyone savvy enough to do some digging, law enforcement agencies and researchers have made significant progress towards identifying the people behind cryptocurrency transactions.

All bitcoin transactions can be viewed of the digital currency's public ledger called the blockchain...

Bitcoin is open and viewable by everyone in the world, and what makes it amazing is this public ledger called the blockchain, which is immutable; meaning transactions in the blockchain can never be changed once verified.

But it presents a double bind: bitcoin is pseudonymous, allowing folks to buy meth with a degree of privacy, but it's also set up so that every transaction is traceable on a public ledger called the blockchain — not exactly ideal if you never, ever, ever want anybody finding out about your online habit.

During the transaction, unlike manual bookkeeping entries, it uses public ledgers called the blockchain for registering the transaction.

Transactions are recorded and verified in a public ledger call the blockchain EOT was specifically designed to be used...

Not exact matches

J.P. Morgan Chase is developing a blockchain, commonly referred to as a public ledger, atop a crypto - network called Ethereum.

These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a block - chain.

Cryptocurrency transactions are stored and recorded in public, digital ledger called blockchain.

What keeps everything on the up and up is that all peer - to - peer transactions are recorded in a public distribution ledger called a «blockchain.»

In a dichotomous way of looking at the problem, many people either side with private blockchains as useful for industry or public blockchains, like Ethereum and Bitcoin, as being the only innovative technology in this space, often calling private blockchains «distributed ledgers» to differentiate them as, simply, decentralized databases, and not blockchains at all.

Each transaction is recorded in a public ledger, called a «block chain,» to keep people from writing the digital equivalent of a bad check.

A Cryptocurrency, as the name suggests, is a secret / hidden currency which exists in the records called public ledger, just like the balance in your bank account's passbook, talk time in your mobile phone, DTH etc..

Eventually, the company plans to let the distribution of rewards be handled by a so - called smart contract, a piece software that automatically executes business dealings through a blockchain, which is essentially a public ledger of transactions.

J.P. Morgan Chase is developing a blockchain, commonly referred to as a public ledger, atop a crypto - network called Ethereum.

In particular, Copia called attention to the rising interest among the general public in the blockchain, bitcoin's underlying decentralized ledger.

The Bitcoin protocol was developed such that all transactions are placed on a public and immutable ledger called the blockchain.

Bitcoin is powered by a public ledger that records and validates all transactions chronologically, called the Blockchain technology.

The three pillars around which RTXP is built are a distributed open source internet protocol, a shared, public database or ledger, and a native cryptocurrency called XRP token (ripples).

Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain.