Sentences with phrase «which valid transactions»

Not exact matches

A blockchain can also fork when developers change rules in the software used to determine which transactions are valid.

When presented with the statement of account which is already in evidence as ASO 14 (1 - 19) to confirm transaction of December 17, 2014, Ekuwem said that, «there was a valid inflow into their account on the date, which was narrated as transfer in favour of Teledon International Limited from One Plus Holdings Limited».

Finally, the back of the check provides an area for an endorsement which represents a completed transaction between two parties with valid signatures or a legal representation such as a stamp.

in respect of transactions which gave rise to a valid VAT repayment claim but which the Commissioners of Her Majesty's Revenue and Customs decided formed or may have formed part of a Missing Trader Intra Community fraud and, to that extent, fell outside the scope of VAT, was in breach of the Sixth EC Council Directive 77 / 338 / EEC («the Sixth Directive»);

But the decentralized blockchain technology, which is the base of cryptocurrencies, ensures transactions between people are valid and secure.

But if there is no central authority, who decides which transactions are valid and should be added to the blockchain?

If there is only one implementation being widely used, then unforeseen bugs appearing (or even disappearing) in upgrades can cause the entire Bitcoin blockchain to essentially fork into two as the two versions of the protocol disagree on which transactions and blocks are valid and which are not.»

When a fork happens, the part of software which signs transactions (more about that here) remains valid on both chains, unless the splitting chain changes it.

For example, if paper 1 has the hash of 0000000000000000058edcbb30df48d7fc920eeb75a28f883de4100f58a99b49, paper 2's valid hash will be the one which (when the current paper's transactions and some random data are added to the last paper's hash) contains an equal number or more zeroes at the front.

The nodes that want to make sure the transaction is valid need to request this data separately by having software which supports the SegWit approach installed, like Bitcoin Core.

This is especially valid for Ripple, which serves as an open - source transaction network.

For example, fears persist that solutions in which developers need to rewrite the blockchain's history, reversing transactions that were valid according to the platform's rules in a bid to bail out customers, will cause a loss of confidence in the market and result in ether being delisted by major exchanges.

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.