Sentences with phrase «updated consensus mechanism»

Quorum features an updated consensus mechanism, the process by which different computers agree on the order and legitimacy of transactions on the network, created by Jeffrey Wilcke, one of the founders of Ethereum and developer of the Go client.

Quorum features an updated consensus mechanism, the process by which different computers agree on the order and legitimacy of transactions on the network, created by Jeffrey Wilcke, one of the founders of Ethereum and developer of the Go client.

Not exact matches

We conclude that the apparent distributed consensus mechanism doesn't serve a clear purpose, because the default behaviour of Rippled nodes effectively hands full control over updating the ledger to the Ripple.com server.

These developments will include new consensus mechanisms, updated principles for acting decisions regarding network updates, and most importantly, which stakeholder should have the final say over a network's development.

More broadly, a blockchain is a mechanism for updating truth states in distributed network computing, producing consensus trust and serving as a new form of general computational substrate.