Sentences with phrase «transaction validators»
Transaction validators are individuals or entities that play a crucial role in verifying and validating transactions occurring in a certain system, such as a blockchain network. They ensure that the transactions are legitimate, accurate, and secure. Essentially, they act as trusted parties that confirm and certify the validity of transactions, providing reliability and integrity to the system. Full definition
At issue was the idea that transaction validators on the Ethereum network have arguably more control over operations than in bitcoin, a criticism members of the project addressed.
coindesk.com
Ripple also includes CGI, Microsoft, and MIT as transaction validators, in addition to building its own nodes in distributed locations around the globe.
Cryptocurrencies with permissioned ledgers or some other form of highly centralized transaction validators
«This is obviously incompatible with a protocol based on anonymous transaction validators; the law will not treat a ledger record as authoritative if everyone knows that the current longest chain contains blocks generated by an anonymous attacker who replaced a bit of history that was chronologically prior.
Cryptocurrencies that have permissioned ledgers or a situation in which the community of transaction validators are highly centralized.
The startup determines who may act as transaction validator on their network, and it has included CGI, MIT and Microsoft as transaction validators, while also building its own nodes in different locations around the world.
The miners and full nodes are transaction validators.
Ripple decides who can be a transaction validator on their network, and it has partnered with organizations such as MIT and Microsoft to serve as transaction validators.
Some argue consensus is best left to the protocol's nodes and transaction validators (miners).