Sentences with phrase «whole bitcoin network»

This makes it possible for them to «double spend» their coins, which could seriously mess up the whole bitcoin network.

«Today Bitcoin Exchange Mt. Gox made a press release which harmed the whole Bitcoin Network and everybody who is working with it.

Not exact matches

One of the IP addresses included on that list belonged to one of the Bitcoin miners and this is how Gevers discovered the whole mining network.

All these sore Core «bcash» name calling IDIOTS are exactly that... IDIOTS, it sickens me so much to see these morons deliberately fight against something that is beneficial for the whole world (people in it), to get rid of the corrupt and utter scam that private central bankers created, surely Blockstream and bankers must have hired these people to spend all day long harassing Bitcoin Cash supporters, putting out and repeating same shit propaganda over and over, so to get unaware people fall for it, and to trick them into thinking that they centralised Lightning network is scaling of Bitcoin... which is complete horse shit, and could not further from the truth.

A whole discussion can be had about the effect of the Bitcoin network and value on the interest and price of alternative cryptocurrencies, but the point is that for the purpose of privacy it can be relatively easy and cheap to move into Monero and back out in Bitcoin, or at some exchanges, directly into cash.

Satoshi Nakamoto's idealistic vision of «one CPU one vote» has been superseded by a reality where the manufacture and distribution of mining equipment have become dominated by a very small number of entities, some of which have engaged in abusive practices against individual miners and the Bitcoin network as a whole.

The whole process will take around half an hour or more, (this depends on the Bitcoin network).

People who «mine» bitcoin are providing the computing energy to routine financial exchange on interest of the whole network: «They don't do it out of the integrity of their heart, they're removing paid,» he said.

There is the permission list — bitcoin, Ethereum, public blockchains — and then there is a whole other ecosystem where established financial institutions, kind of the traditional market if you want to think about it that way, is trying to apply this technology but in a different way using private networks where you don't need the same trust because these banks will know each other.

«If you get access to a typical smartphone, that can reveal their whole social network,» said Lindqvist, coauthor of a recent study on Bitcoin, a controversial virtual currency.

The network as a whole keeps track of which bitcoins are assigned to which wallets (Bitcoin addresses).

This in turn means that the appearance of the whole transaction, and more specifically the transaction identifier, can be altered by those relaying transactions over the Bitcoin network or by miners that include transactions in blocks.

Much like multinational corporations (MNC) with large overseas operations, miners of cryptocurrency networks as a whole do not measure the income they receive in terms of bitcoins (or other discrete cryptocurrencies), but instead they measure their income in terms of «fiat» from foreign financial markets, specifically converting bitcoins into the local fiat currency where their mining operation physically resides.

Bitcoin's protocol and code ensures that it takes around 10 minutes for the network as a whole to guess correctly.

As such, there would no longer be room for a whole set of Bitcoin features, like time - locked transactions (used for the Lightning Network among other things), atomic swaps (for cross-blockchain interoperability), and more.

Our engineers have been working hard on keeping costs as low as possible for our customers and are now proud to announce the rollout of full SegWit support and transaction batching, which will significantly reduce Bitcoin transaction fees and help the whole network and community.

«Satoshi Nakamoto's idealistic vision of «one CPU one vote» has been superseded by a reality where the manufacture and distribution of mining equipment has become dominated by a very small number of entities, some of which have engaged in abusive practices against individual miners and the Bitcoin network as a whole.»

That is to say, will this potentially have a negative effect on even those Bitcoin network as a whole, or is it simply an optional layer which those interested can use, similar to colored coins or Mastercoin?

«Where Ethereum comes from is basically you take the idea of crypto economics and the kinds of economic incentives that keeps things like bitcoin going to create decentralized networks with memory for a whole bunch of applications,» he said.

It's important for networks like Bitcoin and Ethereum to remain decentralized, he said, because that's the whole reason they exist.

The update is exciting, as it opens up a whole host of new possibilities for adoption and improves the robustness of the Bitcoin network.

Where Ethereum comes from is basically you take the idea of crypto economics and the kinds of economic incentives that keeps things like bitcoin going to create decentralized networks with memory for a whole bunch of applications.

These are essentially when a whole host of low value transactions are stuffed into Bitcoin blocks that slow down the network.

This could be Bitcoin's biggest risk yet of a network split, as a significant part of the Bitcoin community (and nearly the entire Bitcoin Core development team, who were not invited to the SegWit2x meeting) remain strongly opposed to the SegWit2x plan as a whole, and especially to the 2 MB block size limit increase.