Sentences with phrase «public ledger needs»

Not exact matches

Section 26 of the report outlines a balanced approach that would limit the identifying data to the general public (or public ledgers / systems) that would also need to be clearly defined, «so as to minimize the potential prejudice to the beneficial owners.»

A blockchain is a public, distributed ledger that is replicated and hosted on numerous computers, creating thousands of digital carbon copies that give the system credibility and oversight needed to create a secure public list of an asset.

As with any crypto account, you don't need to be logged in or have your wallet open to receive funds or tokens: the Ethereum blockchain maintains a public ledger of everything sent to your account.

The Open Ledger Project is described as a development library that will allow businesses to build custom distributed ledger solutions, without needing to rely on open, public blockchains such as those offered by bitcoin and Ethereum.

In fact, the Bitcoin blockchain represents the first solid, working implementation of distributed consensus — for the first time, everyone can agree on what transactions took place, and who owns what, because everything is recorded on a tamper - proof public ledger that doesn't need a central server and can't be controlled by any central authority.

Simply put — the Blockchain is an unalterable public ledger where every single bitcoin transaction is recorded, enabling peer - to - peer payments to be made without the need for a bank or other third - party.

«Simply put - the blockchain is an unalterable public ledger where every single bitcoin transaction is recorded, enabling peer - to - peer payments to be made without the need for a bank or other third - party».