Sentences with phrase «secure than bitcoin»

Plus, it's less expensive to secure than bitcoin's energy - hungry proof - of - work.

«It's a lot more secure than Bitcoin, especially when it comes to obfuscation,» said an anonymous member of the Alphabay support staff.

In so doing, you can create a system more secure than Bitcoin because the consensus process becomes as cryptographically trusted, auditable, and entangled as well, with transaction level executions implying that specific consensus level events occurred and with each implication being cryptographically verifiable.

Is it reasonable to assume that there will be other coins that may come out that will be better, superior, or faster and maybe more secure than Bitcoin?

Litecoin is more secure than Bitcoin.

To replace this operation with a more useful proof - of - work, GridCoin introduces a novel algorithm based on work done in BOINC projects, in addition to requiring a multi-algorithm hash solution that is more secure than Bitcoin's single SHA - 256 hash algorithm.

«It's more secure than bitcoin since the transaction blockchain of bitcoin can be viewed publicly»

Not exact matches

Draper responded that he is «more secure in my bitcoin than I am in the money that's sitting there in Wells Fargo.»

It's more private than Bitcoin and Ethereum's block chain and can be used to create what are essentially «intranets» of secured transactions between parties using the technology.

Of course, SHA - 256, a cryptographic hash function used in parts of the bitcoin network, is part of SHA - 2 (Secure Hash Algorithm 2), which was designed by none other than the NSA.

The Bitcoin client, when fully encrypted and secure, is much more secure than say trusting your coins to another site or individual.

The Bitcoin network needs more than bandwidth — it also needs people who actively secure their bitcoins using Bitcoin Core.

One needs bitcoin (BTC) to use the Bitcoin blockchain, which is secured by more hashing power than has ever been aggregated bitcoin (BTC) to use the Bitcoin blockchain, which is secured by more hashing power than has ever been aggregated Bitcoin blockchain, which is secured by more hashing power than has ever been aggregated before.

In response to these incidents, new services have emerged which employ fundamentally new and better security protocols that are unique to Bitcoin, and which are often more flexible and secure than traditional funds management procedures.

Finally security: bitcoin's is a big blockchain, many orders of magnitude more secure than all the other cryptocurrencies combined.

There is no good way to transfer them, and I think maybe because they're trying to keep it a secure currency they don't want to be easy, but other than going to a physical Bitcoin ATM — and converting cash to a Bitcoin there — I think there's a barrier to entry where the average person is not going to want to have them around because they really only have... Well, there probably are some legit purposes I don't know of but other than... The only purpose I know of is to buy drugs in the dark market and so --

The secured bolster arranged by the more than 91 percent of Bitcoin miners who have worked as the foundation of the advanced tokens for BIP91, the main vital stride in actualizing SegWit2x, as per Coin Dance, a site following selection.

The Secure Element included in the Nano S has some members of the Bitcoin community, such as Bitcoin Core contributor Btcdrak and Opendime founder Rodolfo Novak, claiming the Nano S is a more attractive option than the Trezor.

Through this type of smart - contracting system, Bitcoin smart contracts that rely on the use of an oracle can potentially be made more secure than they are today, and the less - trusted oracles can also be used off - chain by way of the Lightning Network.

BitPay will draw on its more than six years of experience in building payment technology and secure open source platforms for payments on the Bitcoin blockchain.

But, rather than having the bitcoin blockchain secure the network, a group of signers is responsible for validating the transaction history, similar to other private blockchain structures.

It also claims that Bitcoin PRO is significantly more secure than the original Bitcoin and other forks of the standard, utilizing the X13 hashing algorithm versus the SHA 256 standard currently in use.

Since some argue that it was originally envisioned that every bitcoin user would help secure the network - as opposed to massive companies - miners have long been the subject of the less - than - trusting imaginations of the network's users and security - conscious developers.

Isolated Witness, characterized by BIP 141, secures if no less than 95 percent of Bitcoin Miners (by hash control) flag bolster for the overhaul inside a two - week trouble period.

For example, more than 5 % of bitcoins are now secured with multisig technology.

Rather than simply using the Bitcoin blockchain as a secure timestamping system to store its own blocks, Mastercoin uses the Bitcoin blockchain to store every transaction.

One needs bitcoin (BTC) to use the Bitcoin blockchain, which is secured by more hashing power than has ever been aggregated bitcoin (BTC) to use the Bitcoin blockchain, which is secured by more hashing power than has ever been aggregated Bitcoin blockchain, which is secured by more hashing power than has ever been aggregated before.

On paper, DigiByte is a much better cryptocurrency than Bitcoin, being significantly faster, more secure, more decentralized, and open - source.

By design, Bitcoin is a global and secure payments network, having arguably greater reach and greater security than the legacy payments system or its myriad players.

Rather than serving as a centralized hub, Cancoin is more of a framework that facilitates secure bitcoin exchanges between people.

We have emerged from February stronger than ever and determined to continue to help the Bitcoin community build a secure globally accessible Bitcoin framework.

Currently, it is more inconvenient and less secure than copy - pasting a QR code from Mycelium or another mobile wallet into telegram — if the bot goes down, if their accounting server gets hacked, or an exploit is found in Telegram's API, Their system fails, whereas the QR code method's only disadvantage is that the person you want to transact with knows one of your Bitcoin wallet addresses.

Rather than just supplying a username and a password to a bitcoin wallet or bitcoin sports betting site, users who activate two - factor authentication make their accounts more secure by entering those details, along with a pin or something similar that is sent to your email address or mobile phone.

«TON's third generation blockchain will be based on a dynamic «proof of stake» secured by multiple parties with a high degree of fault tolerance... Instead of relying on proof of work to create its currency, Telegram will rely on a new, less energy - hogging way of mining cryptocurrency than the original Bitcoin method,» TechCrunch contributors wrote.

The market valuation of bitcoin has surpassed $ 180 billion, securing a market valuation that is higher than most major financial institutions.

By providing content creators with their own tip - bot, they remain in total control while securing a significantly higher level of privacy than previous Bitcoin tip jars.

Bitcoin hardware wallets are much more secure than traditional software wallets.

When looking for a safe, secure and feature packed Bitcoin exchange you can really do no better than Bitfinex Bitcoin Exchange.

The firm views Bitcoin as more of a commodity than a currency and welcomes regulations, which may pave the way for secure trading in cryptocurrencies.

The central point of the speech was on how bitcoin oracles can be made more secure than those that are currently being used off chain on the lightning network.

Like bitcoin and Litecoin many of cryptocurrency are use different algorithm.In the future the cryptocurrency will be take place of banknotes and coin and it was very helpful for us because we get does not carry banknotes and coin the simple digital transactions will more secure than banknotes and coin.

It is used to secure documents, ranging from election ballots to bonds to medical records, but it's about to become a bigger deal than anyone ever envisioned,» Nick Spanos, co-founder of the Zap Project, and the Bitcoin Center NYC — New York's first bitcoin exchange — told SputniBitcoin Center NYC — New York's first bitcoin exchange — told Sputnibitcoin exchange — told Sputnik News.

Bitcoin is a far more secure payment method than traditional options ever will be as it removes the option to use it for fraudulent purposes.