Sentences with phrase «runs a smart contract on»

However to run smart contracts on the live network you'd have to cough up some real ether.

Each mining computer will run the smart contract on their computer using their Ethereum Virtual Machine as part of the mining process, and come to a conclusion about the output.

Not exact matches

In Ethereum's most ambitious form, companies could be run completely autonomously on its platform, governed not by executives and legal minders but by a smart contract that enshrines its rules in code.

Commonly referred to as DApps, decentralized applications are based on the Ethereum platform and its smart contracts, running on a peer - to - peer network and boasting four key characteristics:

Ethereum secures the transaction through using smart contracts running on a decentralised blockchain platform.

Dopameme is an innovative decentralized platform project that uses smart contracts running on the Ethereum Network aiming to monetize memes, by unifying a community of creators, curators, and viewers.

Hundreds of applications are now built on Ethereum and a growing number of applications are using smart contracts run on the Ethereum blockchain.

On the creation of the new chain, the developers would have run a smart contract that would have returned all of the funds that the DAO was able to raise and give them back to the members who had funded.

Assume — for the purpose of this post — that a smart contract is a computer program that automates parts or the entirety of an actual legal agreement and that instead of being deployed on a single computer or server, the code is distributed to, and runs on, a non-hierarchical network of computers (probably via a blockchain).

The vision for Legaler Aid is a completely decentralized charitable entity that runs on smart contracts over a blockchain, allowing social justice legal cases to be crowdfunded via tax - deductible donations and shared on social media.

The EVM is a turing complete virtual machine that executes EVM bytecode; smart contracts are run on the EVM after being compiled down into the bytecode.

SMART CONTRACTS: Software that runs on blockchain technology and can automatically enforce the terms of an agreement.

The brainchild of Slock.it, a startup in Germany, the DAO takes the form of a smart contract running on Ethereum, a public cryptocurrency blockchain similar to bitcoin.

The code that was developed for the (confusingly named) The DAO application was called a «smart contract,» and ran as a DAO application on top of the Ethereum blockchain.

Ethereum is a decentralized, open software, blockchain platform which runs on smart contracts that allow decentralized appplications (dapps) to run on it.

He's already contributing to Bitcoin Core and has previously run some really fun smart contract experiments on Ethereum.

In some cases, the token enables the holder to dividends and voting rights which are organized through smart contracts as part of a decentralized autonomous organization (DAO), a kind of robo - firm that is stored and run on ethereum.

Transactions are registered on the blockchain and performed through smart contracts, bits of software that run on the blockchain.

The ConsenSys integration with Microsoft uses smart contract programming language Solidity to let developers run programs on the Ethereum network, also called the Ethereum Virtual Machine (EVM).

Cardano runs a cryptocurrency called ADA, but its main focus is on smart contracts, decentralised applications and other blockchain projects.

Expanse, the first stable alternative public Ethereum chain where smart contracts cost 1 / 50th as much to run, making practical to use as a dApp platform has announced that Expanse (EXP) is now available on Chinese exchange CoinVC.

- Leveraged AlphaPoint Distributed Ledger Platform (ADLP) across a range of use cases - Blockchain network converted FIXML messages to smart contracts - Ran simultaneously on Microsoft's Azure cloud and self - hosted hardware - Read the full article at NASDAQ

Based on Raft and Juno, Kadena embeds a full smart contract language (Pact) into its blockchain that can be run as either public (plain text) or private (Double - Ratchet encrypted) transactions.

What makes Ether more appealing is the possibility to run numerous computer applications on it, such as a file - storing application, and its «smart contract» functionality, which is a scripting language.

Localethereum runs its service on the Ethereum blockchain and takes advantage of smart contract systems to run escrow.

The component which executes the smart contracts is the Ethereum Virtual Machine (ie eris: db understands the same smart contracts that run on the public Ethereum blockchain).

It, too, is neither flesh - and - blood, brick - and - mortar, nor CEO - and - lawyer, but yet another smart contract running on ethereum.

The small computer programs being run are called smart contracts, and the contracts are run by participants on their machines using a sort of operating system called a «Ethereum Virtual Machine».

I had been researching the legal implications of blockchain technologies for over 2 years already, focusing mostly on the new opportunities provided by Ethereum and smart contracts, and I was particularly fascinated by the ability to deploy software on the blockchain that runs autonomously and can no longer be shut down, or controlled by anyone.

Smart contracts: A piece of software that runs on a blockchain platform and is programmed to automatically complete transactions based on specific circumstances.

Because the Bitcoin blockchain is decentralized and immutable, everyone can trust a smart contract that runs on it.

Xenio runs on its own dedicated game - optimized blockchain, utilizing smart contract technology for provably fair game statistics and trustless transactions on the integrated game asset marketplace.

A year later, Buterin released a whitepaper that described smart contracts running on a decentralized application platform, a concept that would transform blockchain technology into a tool of distributed consensus.

Other companies have pounced on the lucrative potential of smart contracts by offering similar platforms that make up for the inherent shortcomings of the technology that Ethereum runs on.

A number of companies have already begun working on alternatives that supply smart contracts to businesses that do not actually run on the blockchain.

Based on Raft and Juno, Kadena embeds a full smart contract language (Pact) into its blockchain that can be run as either public (plain text) or private (double - ratchet encrypted) transactions.

Smart contracts are code running on (usually) public blockchains, like Ethereum, and can offer the functionalities of securities more cheaply and more transparently than public securities — or even more privately, when encrypted on the blockchain (Oraclize.it encrypted queries) and able to disclose different information to different types of investors.

We essentially replace the centralized pool operators by smart contracts, which is run and managed in a decentralized way on the blockchain.

Agrello, a legal technology startup developing «smart agreements» on the basis of AI orchestrated smart contracts today announced its plans to run its system on the Ethereum blockchain ecosystem while still remaining compatible with other blockchain stacks.

It runs on smart contracts so that every node in the network does not need to register all other transactions.

TokenGen features a simple step - by - step process that allows the user to generate a smart contract package containing all of the code necessary to deploy a token on the Ethereum network and then run a crowdsale in order to sell it to interested parties.

Players buy and sell countries as Smart Contracts, and the map in the game runs on real - world time.

These smart contracts run on Blockchain and eliminate the need for third parties.

Running on the Ethereum blockchain, SportyCo will use smart contracts and other blockchain benefits to minimize logistical issues and sports financing costs, and maximize instant and secure transactions between the participants in the sports economy, along with introducing new ways for athletes and sports organizations to find funding.

In terms of Ethereum, you can almost consider them apps that run on the Ethereum protocol, capable of just about anything an application can do; a site like Air Bnb could run entirely on a smart contract with a website wrapper.

The most well - known DEX is EtherDelta, which uses smart contracts to allow users to trade ERC20 tokens, which all run on the Ethereum blockchain.

RChain's decentralized applications will run on the Rho Virtual Machine (RhoVM), which can simultaneously execute different smart contracts on independent blockchains and networks.

According to the definition on their official website, smart contracts are «applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third - party interference.»

Using Cryptokitties as an example, Ælf says this could run on one side chain of its platform while other Smart Contracts would be running smoothly on other chains.

CryptoCars runs on the Ethereum blockchain, meaning each CryptoCar is linked to one unique Smart Contract Token on the Ethereum blockchain.