Sentences with phrase «utilizing sidechains»
«Sidechains allow for new innovations in security models and features, plus the added benefit of faster and more cost efficient transactions - if more businesses were utilizing sidechains for use cases involving recurring transactions, they would take some pressure off the main Bitcoin blockchain.»
https://bitcoinmagazine.com/ Not exact matches
InChain, which occupies the anti-counterfeit space and has some ties to the Chinese government, will be occupying their own sidechain that will utilize the NULS blockchain.
That means sidechains or other blockchains that might be utilizing POS, POW, DPOS, and POC can all talk to each other and with NULS.
As you can see, a blockchain application is a fully fledged application, but it can also connect into the existing ecosystem of Lisk by utilizing the LSK token, attracting sidechain delegates, leveraging other blockchain applications (i.e. blockchain services), and starting with an existing user base.
This sidechain application utilizes the Turing capabilities of Ethereum, combined with the Bitcoin blockchain, to help unbanked people around the world.
«Sidechains allow complex updates to Bitcoin to be tested in a realistic environment (where actual BTC are at risk and utilizing actual network mining resources).