Bitcoin Sample Clauses

Bitcoin. ‌ Most internet transactions between two parties require a third party to process and mediate them in case of disputes or reversals. This intervention by a third party (such as banks) often results in these transactions becoming more expensive. Bitcoin [1] emerged as an alternative to avoid these costs and without having to trust a third party: an electronic payment system based on cryptography rather than trust and that allows the two parties to interact directly. Additionally, it uses a new, digital, and homonymous currency. In similarity to any banking system, the users can send transactions with a certain amount of a coin. However, in the context of Bitcoin, these transactions are created and processed with a scripting language. For a user to transfer the coin, they must first digitally sign the hash of the previous transaction and the public key of the payee. Thus, the coin is bound to a chain of digital signatures, which the payee can verify for correctness. Nevertheless, the payee can only verify the ownership of the coin, but not if any of the previous owners have double spent, that is, used the same coin more than once in different transactions. One possible solution is to have a third party – a mint - validating which coins are still valid, but this would require the system to depend on a third party, which defeats Bitcoin’s decentralization purpose. Therefore, Xxxxxxx aims to solve this by making transactions publicly announced and by making the majority of the system agree on a single group of transactions. The solution requires two key concepts: a timestamp server and a Proof of Work (PoW) scheme. The former takes a block of transactions and publicly announces its hash to prove that the data existed at that time. Each block includes a timestamp and the hash of the previous timestamp, creating a (block) chain. Given that the Bitcoin system is decentralized, it is necessary to provide the consensus among the participants in what block should be added to the chain. Hence, the PoW consensus algorithm, which works as follows: each block also has a nonce element, which is incremented until the cryptographic hash [43] of the block has the same number of zeroes as a predefined target value. When the first participant reaches the correct hash value, their block is the one that defines the order of the transactions (the winning block). The other peers then verify (i.e. execute) the block, and if it is valid, there is a consensus on adding it to the chai...
Sample 1
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Bitcoin. The same procedure applies to our Bitcoin strategies; you will have to first open a BTCUSD chart (as described before) and then drag & drop the FapTurbo3.0 Premium combo robot onto the chart. However, please note that the Flash/combo mode will NOT run on Bitcoin; only MTS or Scalper modes are allowed, so make sure you set UseStrategy to either 1 or 2 when you run the robot on BTCUSD.
Sample 1
Bitcoin. A peer-to-peer electronic cash system. 2008. Pie19a. Xxxxxxxxx Xxxxxxxx. Proofs of catalytic space. In Xxxxx Xxxx, editor, ITCS 2019, volume 124, pages 59:1–59:25. LIPIcs, January 2019.
Sample 1
Bitcoin. The Company will maintain not less than One Million Dollars ($1,000,000) of Bitcoin (as determined by reference to prices published by CoinDesk) (the “Bitcoin Minimum”) in a Company Bitcoin wallet (the “Bitcoin Wallet”) at all times during which the Notes remain outstanding. In the event that, as a result in the drop in the price of Bitcoin, the Company does not meet the Bitcoin Minimum, the Company shall, within twenty-four hours, deposit additional Bitcoin in the Bitcoin Wallet to satisfy the Bitcoin Minimum. The Company will provide a statement relating to the Bitcoin Wallet to any Investor within three (3) Business Days of a written request for same by such Investor. For so long as the Notes are outstanding, the Company will not pledge or grant a security interest in the Bitcoin Wallet or the Bitcoin contained therein, provided, however, that the Company may pledge or grant a security interest in any other Bitcoin wallet or the Bitcoin contained in such other wallets.
Sample 1
Bitcoin. As the block reward continues to decrease over time, the mining incentive structure may transition to a higher reliance on transaction confirmation fees in order to incentivize miners to continue to dedicate processing power to the blockchain. If transaction confirmation fees become too high, the marketplace may be reluctant to use Bitcoin. Increased transaction fees may motivate market participants, such as merchants or commercial institutions, to switch from Bitcoin to another digital asset or back to fiat currency as their preferred medium of exchange. Decreased demand for Bitcoin may adversely affect its price, which may adversely affect an investment in the Series. Ultimately, if the awards of new Bitcoin for solving blocks declines and transaction fees for recording transactions are not sufficiently high to exceed the costs of mining, miners such as the Series may operate at a loss or cease operations. If the award does not exceed the costs of mining in the long-term, miners may have to cease operations entirely. If miners cease their operations, this could have a negative impact on the Bitcoin network and could adversely affect the value of the Bitcoin held by the Series.
Sample 1
Bitcoin. What problem does it solve? The first blockchain, solving the problem of duplication and manipulation. It's like Liquid Gold. This is the first ever cryptocurrency invented and remains by far the most sought after cryptocurrency to date. Bitcoin is known as the digital gold standard in the cryptocurrency network. As explained, Bitcoin is the pioneer of blockchain technology that made digital money possible. It is the first ever decentralised peer-to-peer network powered by its users without any central authority or middleman which means no unnecessary costs are included in the digital money transaction. One major advantage that it has over other cryptocurrencies is Bitcoins are impossible to counterfeit or inflate. The reason being there are only 21 million Bitcoins created for mining, no more no less. Therefore it is predicted by 2140, all Bitcoins will already be mined. Thanks to its blockchain technology, you have ultimate control over your money and transactions without having to go through a third party such as the bank or PayPal. Interesting fact: WikiLeaks would not be here if it weren't for Bitcoin. When credit card companies stopped their service to WikiLeaks, people used Bitcoin to keep the service alive. Media companies and investment firms in South Korea, India, Australia, Canada and Japan have started discussing on how Bitcoin may surpass the value of certain fiat currencies in the future as an alternative monetary system. Japan even made it an official currency in April 2017, paving the way for other countries to do the same. Over the years of Bitcoin’s existence, its value has fluctuated tremendously from zero to over $4200 per Bitcoin to date. Have I invested in Bitcoin? I buy Bitcoin to then exchange it for other Altcoins, so I hold very few Bitcoins.
Sample 1
Bitcoin. The Author will provide at a minimum one Bitcoin wallet address their payment may be sent to. Payments are processed manually by the Crypto Scriptorium, and will be paid out to authors roughly once a week for orders which were also purchased using bitcoin. Payments will be processed once a month for orders for for with non-bitcoin methods such as those purchased via sites such as Amazon, Lulu, eBay, Etsy, etc. Orders purchased using non-bitcoin methods will be processed, and converted into bitcoins using a service such as LocalBitcoins to find the best local exchange rate during the first week of the month. Once the cash has been converted into bitcoins, the author will receive the equivalent amount of bitcoins they would have received had all purchases been made that the exchange rate the bitcoins were purchased for.
Sample 1
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