Sentence examples for validating transactions from inspiring English sources

Rather than a central authority validating transactions, all transfers are recorded on a public ledger.

Rather than a central authority validating transactions, they are all recorded on a public ledger, called the blockchain.

As we begin to digitize assets, blockchain can therefore dramatically reduce costs for executing and validating transactions.

In addition to significantly raising the cost of validating transactions, which could force out smaller players, he says, there may be "things we don't even know of that could break". Wuille is in favor of increasing the block size "in general," but says a smaller increase at first would be less risky.

Then, money transfers are almost in real time as the network is responsible for validating transactions.

While the explanation is simple, the process of validating transactions has become increasingly complex as the blockchain grows.

The Bitcoin software's use of cryptography allows that decentralized network to function as a reliable system to process and validate transactions.

Instead, each person running the software must identify a few other trusted participants to correctly apply the cryptographic rules used to validate transactions.

We take it a step further with the PoT (Proof of Trust) required to validate transactions.

These representatives validate transactions, form consensus and are paid for their efforts through the system.

Instead of kiosks, retailers only need a sales associate to validate transactions.