Sentences with phrase «relies on cryptography»

CRYPTOCURRENCY: A digital currency that relies on cryptography to validate and secure transactions.

The Bitcoin can be stored in a virtual wallet and has been described as a cryptocurrency; a decentralized, peer - to - peer currency which relies on cryptography to facilitate currency generation and transactions.

What I propose is to explore governance that relies on cryptography, through elections and contracts.

In comparison, Bitcoin relies on cryptography.

They are a solely digital form of currency which relies on cryptography to secure transactions.

Not exact matches

It relies on sophisticated cryptography to create a tamper - proof ledger across multiple computers, eliminating fraud and mistakes.

Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities.

Elliptic - curve cryptography relies on modular arithmetic, meaning that the values of the numbers that figure into the computation are assigned a limit.

Entanglement, a quantum link between disparate objects, can enable ultra-secure cryptography, but even a slight jostle can destroy it, so systems that rely on it are not always useful in practice.

«The idea of mixnets has been around for a long time, but unfortunately it's always relied on public - key cryptography and on public - key techniques, and that's been expensive,» says Jonathan Katz, director of the Maryland Cybersecurity Center and a professor of computer science at the University of Maryland.

The Kleros project relies on concepts from game theory, cryptography and blockchain for securing evidence, selecting jurors and providing incentives to make honest decisions.

«There is a significant commonality between Tarsnap and Bitcoin — both rely crucially on strong cryptography, and anecdotally it seems that many Bitcoin users rely on Tarsnap to back up their «wallets» (I have no concrete data since I can't tell what data people are backing up)-- so it's not surprising that many Tarsnap users would like to pay with bitcoins.

The key innovation is a public blockchain that eliminates the need for a central counterparty to act as a third party to financial transactions, relying instead on a decentralised peer - to - peer network secured by advanced cryptography.

Blockchain also relies on public - private key cryptography to give individuals safe, exclusive control of their bitcoin.