They are a solely digital form of currency which
relies on cryptography to secure transactions.
In comparison, Bitcoin
relies on cryptography.
What I propose is to explore governance that
relies on cryptography, through elections and contracts.
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.
CRYPTOCURRENCY: A digital currency that
relies on cryptography to validate and 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.