Sentences with phrase «public ledger called the blockchain»

Bitcoins are entries in the shared public ledger called the blockchain.

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.

In the Bitcoin network, user transactions are grouped in blocks and recorded to a digital public ledger called a blockchain.

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.

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.

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.

Bitcoin works on a public ledger called blockchain, which holds a decentralised record of all transactions that is updated and held by all users of the network.

After this special people called miners encrypt your transaction and fix it in a public ledger called Blockchain.

Through cryptocurrency mining, miners confirm all the transaction that has taken place and records it in the public ledger called Blockchain, and passes it to other cryptocurrency miners for validation and in return gets a reward (Bitcoin, in case of Bitcoin mining).

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

The bitcoin network works by using a public ledger called the blockchain.

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.

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.

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