Sentences with phrase «underlying problems blockchain»

Not exact matches

In those cases, the inability to withdraw your balance is not due to the Bittrex Exchange platform, but is a problem with the underlying blockchain or wallet associated with that coin.»

In case you don't know what mining is, it is the process of solving the mathematical problems that underlie the blockchain code over which these cryptocurrencies are built.

Blockchain is increasingly becoming popular in solving various underlying issues in many industries that involve double spending problem, such as currencies, cloud storage, smart contracts and even health care.

According to the protocol's white paper, Tenx's COMIT leverages Payment Channels and Hashed Timelock Contracts (HTLC) across chains to solve the problem of double spending attacks without requiring a settlement onto the underlying blockchains.

But even though Ethereum also uses blockchain as its underlying technology, it has faced criticism for potential security problems for several reasons.