Sentences with phrase «while other blockchain networks»

The energy use of Bitcoin, the biggest blockchain to date, is close to that of Portugal, and while other blockchain networks are more efficient, they are still an order of magnitude less so than a payment system such as Visa.

Not exact matches

But while other developers have been tinkering away on several off - chain solutions, which are in the testing phase right now, Loom Network's platform uses so - called «dappchains,» which can be thought of as mini blockchains, that they say are ready today.

While «full Bitcoin» clients download the entire Bitcoin blockchain, mobile wallets are designed to utilize only a small fraction of the blockchain and rely on other nodes within that network to access the remaining necessary information.

While the increase in unconfirmed transactions has caused concern among some members of the blockchain community due to the popularity of the game affecting the efficiency of transactions on the network, others take a far more optimistic view.

«As a big bitcoin user, I'm very aware of the importance of maintaining diversity in the network... hosting the bitcoin blockchain there has no negative impacts for other projects on the hardware, while offering benefits to the bitcoin community,» he said.

These can be risky, because if some Bitcoin users adopt the change, while others do not, the network, blockchain, and currency can split in two.

While companies like Overstock's tØ are building top - level networks that ride on top of the bitcoin blockchain, other startups are building on new blockchains.