Sentences with phrase «valid transactions»

This utilizes the fact that miners decide which valid transactions they include in blocks anyway.

To ensure valid transactions without the need for trust in a centralized institution, blockchain - based currencies typically rely on user participation to validate digital transactions and add them to the blockchain.

This records valid transactions and links them individually rather than as part of a block, which in theory makes transactions faster and cheaper to process.

I'm aware of notes / mortgages owed by immediate family members to other members going both ways, either sham transactions or as valid transactions.

Based on statistically valid transaction - level data, the industry - first report reveals consumer buying behavior, hardware manufacturer and solar financier market share statistics, the return on solar investment and more for the period of July 2014 through June 2015.

In this way, Bitcoin serves as an incentive to add valid transactions to the ledger, removing the need for a central trust authority.

Financial services companies would more likely opt for a permissioned blockchain where they can appoint validators to confirm valid transactions and reverse transactions if required.

To ensure that bitcoins are not spent twice and that only valid transactions are added to the block chain, all computers in the network must compete with each other to calculate a checksum (a cryptographic puzzle).

Nodes therefore define validity according to the software they run, but miners decide what already valid transactions get included in the [blockchain].»

«The hash powers» role is to select valid transactions, and to extend the blockchain with valid blocks.

Like we said in the post about Bitcoin's false finality, if node centralization occurs, those who control the majority can change the 21 million limit, reject valid transactions, change protocol rules, etc..

«The soft fork creates a denial of service attack vector which, if exploited, would prevent the network from processing valid transactions at negligible expense to the attacker.

Based on statistically valid transaction - level data, EnergySage's recent report is a complement to other more macroeconomic reports in the solar industry.

Nodes check that each transaction complies with the rules of the Bitcoin system, combine all the valid transactions they have heard about into a block, and then work to solve a difficult mathematical problem that takes this block as an input.

I've never heard this idea that people want to avoid to authorizing their valid transactions.

What of the «self - represented» buyers or sellers of land: should they be required to comply with such technical standards in order to create a valid transaction?

This usually relates to its transaction history or wanting to create new rules for determining what constitutes a valid transaction.

Eny added that Bitcoin does not enter into a valid transaction toolset by BI due to the lack of centralized ownership / state backing of the cryptocurrency:

All users keep the list of the used key images (compared with the history of all valid transactions it requires an insignificant amount of storage) and immediately reject any new ring signature with a duplicate key image.

This could result in blocks entirely empty of any valid transactions.»