Sentences with phrase «shared ledger system»

First off, Eco's blockchain, or shared ledger system, is designed to run on «verified nodes,» rather than on the machines of an anonymous network of volunteers.

The change is coming, so excited shared ledger systems are the foundation of economic activity for humanity and technology should have never been any other way.

Not exact matches

Given the public nature of the block chain, the shared ledger where each bitcoin transaction is recorded, the system is more open and transparent in some respects.

Electronic firearm tracking technology is defined as «a platform, system or device or a group of systems or devices that uses a shared ledger, distributed ledger or block chain technology or any other similar form of technology or electronic database for the purpose of storing information in a decentralized or centralized way, that is not owned or controlled by any single person or entity and that is used to locate or control the use of a firearm.»

A consensus algorithm determines the ways for a blockchain system to get the single view of a shared ledger for all nodes.

Byrne made history again in Dec, 2016, when Overstock.com issued the first shares of a public company ever traded on an alternative trading system (ATS) utilizing the blockchain's distributed ledger technology.

The blockchain shared ledger functions like an operating system — think Windows or MacOS — that forms the foundation for the development of specific applications.

«I'm sure a shared ledger implementation could replace the SWIFT system — it's easy to imagine banks having SWIFT gateways but there's no SWIFT in the middle because every gateway contains the ledgers — but it won't replace the SWIFT organization.»

Likewise you can say «Yes, but I can build a system where participants have shared control of data by getting some databases, connecting them together with APIs, using some digital signatures, creating a consensus mechanism to resolve race or double spend conditions, etc etc» but you will have designed distributed ledgers.

«Distributed ledgers — or decentralised databases — are systems that enable parties who don't fully trust each other to form and maintain consensus about the existence, status and evolution of a set of shared facts»

In short, a MDL is a secure peer - to - peer ledger with storage analogous to peer - to - peer file sharing systems such as Gnutella, «Gnutella for accountants».

The broker then uses this real share as the basis for creating a crypto asset which can be bought by clients of the broker via NEM's blockchain ledger system and its XEM cryptocurrency (one of the top ten cryptocurrencies — in future, it will be possible to use other cryptocurrencies and the exchange will also allow trading between cryptocurrencies).

For the majority of the time, banks and cryptocurrencies haven't shared a cordial relationship altogether as the latter's decentralized distributed ledger technology is supposed to pose a substantial risk to the existing banking systems.

The blockchain is a digital, distributed ledger system for recording and sharing information.