Sentences with phrase «verified by miners»

This can be done via the master nodes locking in specifications for a transaction so that it can be verified almost instantaneously, without it having to be verified by miners.

Since your transaction gets verified by miners, sometimes you have to wait until they finish mining.

Unconfirmed Segregated Witness transactions would, therefore, be insecure, as these are not yet verified by miners at all.

A collection of these transactions is then verified by miners, and transmitted to all users of the cryptocurrency as a block, to be stored on the chain known as a blockchain.

Each transaction is verified by miners, with the majority of miners are required to agree that the transaction did, in fact, take place before the transaction can be finalized and entered into Stellar's ledger.

Once the block is filled with transactions, it will be verified by miners, and when a block is verified, it will be ready to be attached to the blockchain.

Not exact matches

The digital coins are created by so - called «miners,» who operate computer farms that verify other users» transactions by solving complex mathematical puzzles.

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

The task of maintaining the credibility of a blockchain, verifying different transactions on a block, and adding blocks to the chain is done by miners.

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 more a miner contributes to the system by verifying and adding transactions to a new block, the more they can earn in Bitcoins.

The transactions are verified by Bitcoin Miners, or people who use their computer hardware to help figure out the mathematical formulas that need to be solved in order for a block full of transactions to be verified, or confirmed, and added to the blockchain.

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

Miners use their computers to verify transactions by performing one calculation over and over with different inputs, searching for the «right» result.

The human rights group Survival International says it has received reports, not yet independently verified, of a July massacre of a Yanomami Indian community by Brazilian gold miners in the Venezuelan portion of the Amazon rain forest along the border with Brazil.

Once the block is full, bitcoin miners compete against each other to verify and validate the block and all its transactions by solving a complex cryptographic problem.

Transaction fees can also be put to use by users sending transactions for incentivising miners in verifying their transactions on a priority basis.

On the basis of complicated state - of - the - art mathematical principles, the transactions are verified by the so - called Bitcoin Miners, who maintain the ledger.

Essentially, Garzik and Buterin believe that soft fork implementations fail to reflect the view of the open source community of Bitcoin, since soft forks are verified, accepted, and implemented by the Bitcoin Core developers, instead of miners and node operators in the industry.

1 / Connect your Ledger device 2 / Enter your PIN code 3 / Open the Bitcoin app on your Nano S (right click) 4 / Launch your Bitcoin Chrome application on your computer 5 / Click on «Send», a popup opens 6 / Fill in the required fields: amount, recipient address you can paste or scan, level of fees 7 / Click on the «Send» button 8 / Your Nano S requires your manual consent to authenticate this transaction: press the right button (above the «V» check icon) to confirm once you have verified the details of your transaction are right and wait until your Chrome app displays «validated» 9 / Your transaction is validated and will be tracked on the Blockchain as soon as it is confirmed by miners in accordance with Bitcoin protocol.

Bitcoin transactions are verified by Bitcoin miners which has an entire industry and Bitcoin cloud mining options.All users are free to choose what software version they use.

PoS is a different way to validate transactions based and achieve the distributed consensus and it by a miner putting up a stake, or locking up an amount of their coins, to verify a block of transactions.

At the close of distribution phase 2 robonomics token will enable building human - machine chains of supplying through smart contracts and paying for services of verifying robot liabilities fulfillment by a third - party (miners / Ethereum validators).

Transactions are verified on the leger by» miners,» which are nodes of computers that validate and process transactions on the blockchain.

The miner that verifies the transaction first and puts together the chain is rewarded for their efforts by payment in the cryptocurrency.

It is completely decentralized, with transactions verified by a worldwide network of miners.

One is made up of bitcoin miners, the thousands of individuals who form a vital part of the blockchain process by deploying their powerful (and expensive) computers to verify transactions.

The blockchain technology consists of blocks with a bunch of maths equation generator on which miner works and verify / complete the transaction by solving the math binary problem hence solving the block.

To prevent counterfeiting, bitcoin transactions are verified by so - called bitcoin miners in batches called blocks.

The changes in the bitcoin supply would be determined by the algorithm governing the number of new bitcoins miners receive for verifying transactions and adding them to the bitcoin blockchain.

Transactions on this network are verified by Bitcoin miners and are recorded on the Bitcoin blockchain.