Sentences with phrase «verified by a network»

These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a block - chain.

That is why record - keeping industries like the accounting industry have been attracted to & Blockchain technologies; the Blockchain network is secured by cryptography and verified by a network of computers — not human workers.

Changes to those records must be agreed and verified by the network, which avoids tampering.

The mixing takes place in a decentralized way verified by the network's master nodes.

The transactions are verified by a network of nodes and recorded on a blockchain.

These transactions are verified by network nodes and recorded in a publicly distributed ledger called a block - chain.

The start ups aims at making bitcoin transactions faster and easier by replacing the costly and time - consuming process of recording every transaction on the blockchain, a publicly viewable ledger verified by a network of thousands of computers.

To get confirmed, transactions have to be packed in a block that fits strict cryptographic rules, verified by the network.

Following the logic of blockchain, these exchanges are secured and verified by the network of the exchange, making them

However, it will be in a «Pending» state for about half an hour until is it verified by the network.

The transfer has to be verified by the network, which shouldn't take more than 10 to 20 minutes.

Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain.

Not exact matches

For instance, Martin envisions the Nymi working with opt - in retail programs, in which users would volunteer to have their identities verified by surrounding networks in exchange for personalized experiences.

Those entries in the blockchain record are then verified by other people on the network.

Underlying the controversial web - based «cryptocurrency» is the blockchain - a massive ledger of every bitcoin transaction ever made that is verified and shared by a global network of computers.

However, rather than rely on a central monetary authority to monitor, verify and approve transactions, and manage the money supply, Bitcoin is underwritten by a peer - to - peer network akin to file - sharing services like BitTorrent.

No central authority or server verifies transactions, and instead the legitimacy of a payment is determined by the decentralized network itself.

Unlike these examples however, mining is also the way to secure the network by creating, verifying, publishing and propagating blocks in the blockchain.

Rajiv's transaction is broadcast to the Bitcoin network and will be verified in a few minutes by miners.

Transaction fee Because cryptocurrencies are decentralised, each transaction must be verified by a third party on the network.

While bitcoin utilizes its vast community of miners to verify transactions and mine new Bitcoin, the Ripple network is mainly controlled by its startup.

The process by which a network of nodes confirms the records of previously verified transactions, and by which it verifies new transactions, is known as a consensus protocol.

An announcement made today (April 6) by Rob Goldman, VP, ads, and Alex Himel, VP, local pages, states that it will now only allow verified advertisers to run «issue ads» — ie those of a political nature — on the social network, including picture - sharing service Instagram.

While the atomization of the traditional TV platform didn't do ABC any favors last night — in a move that sent tens of thousands of cord - cutters scrambling for a link to a pirate feed, the network's live stream of the Oscars was available only to verified pay - TV subscribers — the enthusiasm for this year's show may have been dampened by a pool of nominees that was loaded with smallish releases and fewer household names than in years past.

The weight of the transactions, represented by the blocks, is weighing down the network and causing delays in processing and verifying transactions, in some cases, taking hours to confirm a transaction as valid.

(Updated) Finca Platanillo in San Marcos, western Guatemala is the first coffee farm to be verified by Rainforest Alliance (RA) for compliance with the Climate Module of the Sustainable Agriculture Network (SAN, the standards - setting organization for RA).

The initiative was founded by Agropalma, DAABON, Greenpeace, WWF, Rainforest Action Network (RAN) and Forest Peoples Programme (FPP) in 2014 and remains the initiative that sets the highest benchmark for independently verified and truly responsible palm oil.

If an account was deleted, Facebook can not verify whether that data was accessed by Cambridge Analytica, according to the social network.

The organisation set up to verify the Comprehensive Nuclear - Test - Ban Treaty (CTBT) has a global network of air samplers that monitor and trace the origin of around a dozen radionuclides, the radioactive elements released by atomic bomb blasts — and nuclear accidents.

What it is In bitcoin user payments are verified and secured by a peer - to - peer network of bitcoin «miners.»

Bitcoin solves this problem by recording every transaction on a public ledger, then relying on a network of computers to verify the uniqueness of each transaction.

By using LinkedIn's vast and dependable network, BeLinked can verify a person's identity and career for you.

For seniors who may be a bit wary of the risks network, 50 Plus Club has a great feature that allows users to have their photos and identities verified by the site to deter scammers and frauds.

«By conducting a large - scale network load test, various functions of the on - line system will be verified.»

This includes name, age, photograph, gender, address, telephone, mobile, fax, e-mail, social networking contact details, proofs of identity and address, copies of passports, driving licences, and utility bills, card and other payment details, and financial information, health information relevant to your planned travel, and travel insurances held, results of searches carried out against you (such as to verify you identity, address, and credit status), your preferences, frequent flyer or travel partner program affiliation and member number, and any other information provided to us by or in relation to you which concern you as an individual.

«By conducting a large - scale network load test, various functions of the on - line system will be verified.»

Within about 18 months, after viewing several hundred videos a day posted by various rebel groups and other sources — which he verifies through a combination of first - hand research in Jane's Digest and other publications, along with a growing network of experts, both in the Middle East and elsewhere — Brown Moses had become an indispensable resource for everyone from aid groups to New York Times writer and former Marine CJ Chivers.

They achieve that by collecting and verifying newly received transactions from the network, and grouping them to blocks.

Whereas Blockchains rely on every node in the network having a full copy of the database and verifying the data, in IOTA's distributed ledger, peers keep only the data needed, and transactions are verified by a couple of randomly - selected peers.

POS works by having a user lock up a percentage of their ETH assets in order to verify a segment of transactions on the Ethereum network, from which the user would receive ETH (possibly as part of the transaction fees paid in every transaction).

Quantstamp is designing its audits to be secured and verified by a distributed network of nodes, much like an Ethereum node secures and validates an Ethereum transaction.

Distributed ledgers can be open, verifying anonymous actors in the network, or they can be closed and require actors in the network to be already identified — which seems to be the approach currently favored by most banks and mainstream financial institutions.

As discussed above, Bitcoin mining is a process of placing high end computer resources which into the bitcoin network which verifies the bitcoin transactions by solving a mathematical puzzle and in turn earning free bitcoins in rewards.

The feature automatically makes a search for free Wi Fi hotspots, like those found in a coffee shop or an airport and switches the connection seamlessly from the cellular network on the device to the free Wi Fi hotspot, verified by Google.

A scarce token can also be automatically redeemable for a digital good or computing service provided by the same network of computing participants who verify the blockchain.

The most popular consensus mechanism is known as proof - of - work, which requires network participants to contribute computing power to secure the network by verifying and processing transactions.

Transaction fee Because cryptocurrencies are decentralised, each transaction must be verified by a third party on the network.

In order to perform a transaction via IOTA, the user has to participate in the network, and they do this by verifying the last two transactions.

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.

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.