Sentences with phrase «public ledger known»

Every single bitcoin payment is recorded in a digital public ledger known as the blockchain.

On the bitcoin network, all transactions are recorded forever, on a public ledger known as the blockchain.

By logging digital credentials on the secure, decentralized, public ledger known as the blockchain, fraudulent credentials and mistrust between learners and verifiers are no longer problems.

Centralized virtual currencies like Facebook Credits, Amazon Coins etc. have an administrator and a central repository, whereas decentralized virtual currencies do not have either, and every transaction is registered in a public ledger known as a block chain.

Not exact matches

Blockchain, which is best known as the system underpinning bitcoin, is a public online ledger of transactions maintained by a network of computers on the internet.

Blockchain is a public online ledger of transactions that first became well known as the software underpinning bitcoin.

He said most virtual currencies have public ledgers which, when combined with know - your - customer guidelines, could serve as anti-money laundering controls.

Instead, all bitcoin transactions are recorded in a public ledger, known as «the blockchain.»

The blockchain is a public online ledger of transactions that first became well known as the software underpinning bitcoin, the first digital currency.

The Trust holds «Bitcoins,» a digital commodity based on an open source cryptographic protocol existing on the online, end - user - to - end - user network hosting the public transaction ledger, known as the «Blockchain,» and the source code comprising the basis for the cryptographic and algorithmic protocols governing the issuance of and transactions in Bitcoins (the «Bitcoin Network»).

Records are always in public distributed ledger known as the block chain.

Now you know the problems faced by a public decentralized ledger blockchain.

The reality is that Bitcoin is well known for using a public ledger (blockchain) that contains an immutable list of transactions of everyone that makes use of the Bitcoin ecosystem.

With its public ledger blockchain, all finalized transactions are available for everyone to see, however personal information hidden which means everybody knows how much a particular bitcoin address has as amount but nobody knows whose address is that.Anyone at anytime can verify transactions in the Bitcoin blockchain.

Everyone involved in the network knows about a transaction which is about to happen and any previous record can be checked anytime through public ledger.

Rather than using a public ledger otherwise known as blockchain as a store of transactions, the Lisk network uses modules.

In terms of whether specific types of blockchains will be preferred over others in the future, Duchenne claimed that permissioned ledgers may have some usefulness, but he added, «While we don't know the future, my guess is that ultimately, public blockchains, much like the internet, will be more valuable than a consortium - type intranet (permissioned ledgers), but that both will coexist.»

The blockchain is the public ledger where all transactions ever made is stored and this ledger is stored on thousands of computers all around the world, which means that everyone knows exactly what coins are sent where and what the balance of all wallets are - but there is no way to know who owns those wallets.