Sentences with phrase «recognised central authority»

In the absence of any recognised central authority the leaders of the local churches were faced with greater responsibilities.

With a recognised central authority policing settlement, the plodding and costly blockchain verifications can be easily swapped for instantaneous and cheaper digital settlements.

Not exact matches

The document also recognises that cryptocurrencies such as bitcoin have no central authority, and presently escape any regulations or control by the state.

However, bitcoin is not recognised as a legal tender in Kenya and is also decentralised, which means it lacks a central governing authority.