Sentence examples for giant ledger from inspiring English sources

They are best understood as entries in a giant ledger, the "blockchain", which contains the transaction history for every Bitcoin in circulation.

"I have tried to keep diaries before," John Steinbeck writes in a giant ledger book filled with his methodical script, "but they didn't work out because of the necessity to be honest".

The "blockchain" technology that underpins bitcoin, a sort of peer-to-peer system of running a currency, is presented as a piece of innovation on a par with the introduction of limited liability for corporations, or private property rights, or the internet itself.In essence, the blockchain is a giant ledger that keeps track of who owns how much bitcoin.

Most of all, we learn that Young is one of those people who carry in their heads a giant ledger in which they tabulate every favor and slight ever done for or to them, and then treat everybody they encounter accordingly.

Hong points out ornate Chinese clan houses, an abandoned photographer's studio with 1960s black and white prints in the window and a Madras textile shop, where the aged assistants still wear dhotis, scribble sales into a dusty, giant ledger, and an ancient poster on the wall proclaims that their checked sarongs were once Made in British India.

The Bitcoin technology allows, under some conditions, a large number of mutually distrusting parties to agree on a single, consistent, view of a giant ledger that records all transfers of units of bitcoin between Bitcoin users, since the beginning of time.

Transactions are still entered by hand on giant ledgers, which are carried around by couriers.

But whereas some had tried to create the electronic equivalents of bills and coins, bitcoins only exist as entries in a giant electronic ledger called the "blockchain".

It's an giant, decentralised ledger, with data stored on servers and home computers across the globe.

Without getting too technical, it's like a giant public ledger in which every Bitcoin transaction is recorded.

Bitcoin is, in effect, a giant shared transaction ledger, recording who owns each individual unit of the currency at any one time.