Sentences with phrase «unique network nodes»

Ethereum transactions are verified and recorded by several unique network nodes on a distributed public ledger called a blockchain to ensure redundancy and prevent fraud or counterfeit.

Bitcoin transactions are verified and recorded by several unique network nodes on a distributed public ledger called a blockchain to ensure redundancy and prevent fraud or counterfeit.

Not exact matches

The unique feature of a social network is that every node in the network can talk to every other node, and so there are none of these silos or barriers to communication.»

«Blockchains are unique in that the specific kind of decentralization that they provide is one of a different character - one that is not distributed, in the sense of «split up between different parties», but replicated: every single node on the network processes every transaction and maintains the entire state,» he writes.

This unique node - to - node communication, coupled with the RhoVM's parallel blockchains, will enable greater scalability down the line by alleviating network bottlenecks.