Sentences with phrase «validity of transactions»

The E-Commerce Act allows for electronic equivalents of writing and signature but does not require anyone to accept them, so it would apply to support the legal validity of transactions only where the parties agree to use e-documents.

Mining, a process by which individuals or groups get paid in new Bitcoins to run complex mathematical equations on high - powered computers in order to confirm the validity of transactions, has drawn scrutiny from environmentalists who say it's sucking up too much electricity.

Finally, a dispute over the validity of a transaction in the case of fraud or theft will be resolved to the best of the ability of American Express.

Financial companies need to verify the validity of transactions before executing on them.

It allows an attack on the validity of the transaction on grounds irrelevant to the intention of the parties.

Transactions are recorded on a public ledger, which is shared across a peer - to - peer network, and the validity of transactions is verified through cryptographic techniques.

Nove has represented the Estonian company OU Hotell Parnu in the Supreme Court of Estonia in a dispute relating to the validity of transactions concluded by a member of its board.

The notion of «public ledger» indicates how a blockchain, like any type of ledger book, becomes the official record for tracking the history and validity of transactions and other information.

Each point of the triangle represents one of the three properties that blockchains need — scale, the ability to support many users; decentralization, a state of affairs in which no one entity controls the system; and consensus, the agreement between each node on the validity of transactions.

Blockchain, like any type of ledger book, becomes the official record for tracking the history and validity of transactions and other information.

It hides information without risking the validity of transactions.

A majority of users need to agree on the validity of a transaction before it can be verified.