Sentences with phrase «shared transaction ledger»

The answer lies in Bitcoin mining, which is the way new bitcoins are generated while maintaining the network's shared transaction ledger (also known as the «blockchain»).

Not exact matches

So he and two graduate students, Ian Miers and Christina Garman, devised Zerocoin, a protocol that could obscure the parties to a transaction using encryption while maintaining the auditability of the shared ledger with a set of advanced mathematical techniques called «zero knowledge proofs.»

Blockchain, a shared ledger of transactions maintained by a network of computers on the internet, is the technology that underpins cryptocurrency bitcoin.

Blockchain is a data structure that makes it possible to create a digital ledger of transactions and share it among a distributed network of computers.

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.

Underlying the controversial web - based «cryptocurrency» is the blockchain - a massive ledger of every bitcoin transaction ever made that is verified and shared by a global network of computers.

Blockchain is a shared ledger of transactions maintained by a network of computers on the internet rather than a central authority.

This shared public ledger enables people to make transactions with each other over the network, opening up new global marketplaces for small businesses as well as a number of transactions all together.

Blockchain is a shared distributed ledger that records transactions and ensures information is shared and continuously reconciled.

Blockchain Cryptocurrencies like bitcoin record all transactions on a digital ledger, or blockchain, which is shared among a network of computers.

«Distributed ledger shares hold the promise of immediate clearance, immediate settlement and bring with them dramatic increases in efficiency and speed in the sophisticated commercial transactions for which Delaware is known.»

Distributed ledger technology improves transparency into share ownership, provides easy tracking of changes in the capitalization table, and facilitates fast transaction clearing and settlement.

Blockchain is a shared, immutable ledger for recording the history of transactions.

Members of the group are encouraged and incentivized to share information and advance the safekeeping of the ledger that records transactions among group members, whatever those may be.

The nodes validate the transaction by verifying the parties» identities and available funds and then record the bet on the ledger shared by all the nodes.

Of course, this very - limited - purpose explanation hides the complexity of the technology that allows the shared ledger to function, particularly for anonymous transactions.

Blockchain has turned into a catch - all phrase for anything involving a shared ledger or database but the technology was first created by Satoshi Nakamoto for the purpose of tracking and confirming Bitcoin transactions.

He is a co-creator and inventor of Ethereum, described as a «decentralized mining network and software development platform rolled into one» that facilitates the creation of new cryptocurrencies and programs that share a single block chain (a cryptographic transaction ledger).

With fees charged by countless brokers and other middlemen, moving transactions to a shared, distributed ledger has been touted as a way to free up money to be invested in other opportunities.

Champions of this newer layer, including Lightning Labs, see it as a way to exponentially boost the number and speed of transactions of the bitcoin blockchain without increasing the size of blocks — batches of transactions that are confirmed and subsequently shared on bitcoin's public ledger.

Community members run a special software that uses algorithms to verify transactions and write them into the shared ledger.

Accenture and Digital Asset Holdings support closed, «permissioned» blockchains that would offer the advantages of digital currencies — fast and cheap transactions permanently recorded in a shared distributed ledger — without the troublesome openness of the Bitcoin network where anyone can be a node on the network anonymously.

Basically, permissioned blockchains would offer the advantages of digital currencies powered by public blockchain — fast and cheap transactions permanently recorded in a shared ledger — without the troublesome openness of the Bitcoin network where anyone can be a node on the network anonymously.

Permissioned blockchains would offer the advantages of digital currencies powered by public blockchains — fast and cheap transactions permanently recorded in a shared ledger — without the troublesome openness of the Bitcoin network where anyone can be a node on the network anonymously.

- > Both networks are decentralized peer - to - peer networks, where each participant maintains a replica of a shared append - only ledger of digitally signed transactions.

A decentralized ledger of digital transactions and assets that's shared among many computers around the world will take friction out of the global economy, raise defenses against fraud,...

, which acts as a shared digital ledger of all transactions on the network.

As noted by Coin Sciences CEO Gideon Greenspan in a recent CoinDesk opinion piece, shared ledger efforts have hit a roadblock when it comes to confidentiality, as every institution operating in such environments today sees every transaction.