Sentences with phrase «trusted central party»

One of the coolest features the Lightning Network offers is the ability to transfer value between blockchain networks without needing an exchange or a trusted central party.

Ludwin explains that, in general, a decentralized application allows you to do something you can already do (like make payments, in the case of bitcoin) but without the need for a trusted central party.

In general, a decentralized application allows you to do something you can already do today (like payments) but without a trusted central party.

If they can trust a central party to define the rules, then there is no need for a blockchain in the first place.

Not exact matches

It is fully decentralized, with no central bank and requires no trusted third parties to operate.

That's why the central task of the whole Labour party, must be to rebuild trust and support to win the next general election and form the next government.

8th May 2018, Conservative Home, The Conservative campaign machine has upped its game: but the loss of activists» trust in the central Party is taking time to repair

One of the things Liberal Democrats stand to gain from time in government is real credibility on the central issue of the economy... There's a sweet spot in politics of parties that are trusted on the economy and on fairness.

In «Letting Go: How Labour can learn to stop worrying and trust the people», Jon Wilson argues that Labour needs to become a movement rooted in people's experience, not be the party of the central manager.

Government (or «private blockchain») applications will be hard because an introduction of a party with coercive powers undermines the central idea of blockchains as transaction vehicles with zero trust issues.

Yes, the key novelty is the ability to have a database shared by multiple entities who don't trust each other, who all write to this database, without requiring a central party to manage it.

That social scalability is achieved because you're not putting any trust in any central party when you use Bitcoin * and * you can be fairly certain that the protocol will not change much over time.

Designed to serve as a central hub for multiple 3rd party applications and web platforms to plugin with and deploy smart contracts, Modex Marketplace will incorporate significant advantages for consumer adoption, enterprise cost savings, developer tools, community trust & engagement, IP protection, and revenue opportunities for developers, all centered around our smart contract ecosystem.

Bitcoin Cash is a cryptocurrency derived from the Bitcoin blockchain that is fully decentralized, with no central bank and requires no trusted third parties to operate.

The blockchain is a decentralized ledger where records of all transactions are held not by a central clearing house (such as a bank or other financial institution) but by each member of the network, therefore removing the need for a trusted third party.