Examples of using Bitcoin protocol in English and their translations into Polish
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Colloquial
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Official
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Medicine
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Ecclesiastic
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Ecclesiastic
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Financial
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Official/political
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Programming
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Computer
It is not possible to change the Bitcoin protocol that easily.
The Bitcoin protocol also uses advanced cryptography to ensure the security of the network.
The proof-of-work model was one of the brilliant inventions of the original Bitcoin protocol.
The possibilities for use of the Bitcoin protocol and smart contracts are practically limitless.
The Bitcoin protocol is currently used primarily for purposes connected with virtual currencies.
No individual ororganization can control or manipulate the Bitcoin protocol because it is cryptographically secure.
The Bitcoin protocol was mainly designed by an anonymous supposedly Japanese guy calling himself Satoshi Nakamoto.
It is only through acertain convention that users assign the meaning of virtual currency to digital records verified through the Bitcoin protocol.
The architecture of the Bitcoin protocol ensures that most of the nodes in the network with huge probability will maintain an identical database.
The growing popularity of Bitcoin has contributed to an increasing interest in the fundamental source of the success of the virtual currency: the Bitcoin protocol.
The Bitcoin protocol itself cannot be modified without the cooperation of nearly all its users, who choose what software they use.
If there is somehow more than one transaction block chain out there, according to the Bitcoin protocol, everyone is supposed to work off of the chain that had the most work put into it.
The Bitcoin protocol could then be used as the foundation for building entirely new solutions based on the concept of adecentralised platform for exchange and verification of digital content.
The decentralised control over transactions andthe cryptographic solutions employed make the Bitcoin protocol one of the most secure IT solutions currently being used for example, it effectively prevents the creation of fictitious Bitcoins or spending the same Bitcoins multiple times.
Such assurance contracts are processed by the Bitcoin protocol, which prevents a transaction from taking place until all conditions have been met.
In simple terms, the Bitcoin protocol is a solution enabling the creation of a cryptographically secure public register of transactions, functioning within a decentralised peer-to-peer network.
Gox exchange have not involved the Bitcoin protocol itself-so far no one has undermined its security-but actions by intermediaries in Bitcoin trading.
Meanwhile, solutions based on the Bitcoin protocol and decentralised peer-to-peer networks are opening up the possibility for creation of an economy and a zone for exchange of goods without state boundaries or state supervision for the first time in the history of civilisation.
Along with spread of the Bitcoin protocol and the expanding block chain, concepts have arisen for applying this database to purposes other than storing records of transactions.
A+ A One of the possible applications of the Bitcoin protocol is smart contracts-legal relationships created, monitored and enforced automatically using the Bitcoin protocol.
The consensus protocol for bitcoin transactions requires every participant to enforce the rules, this way no one party can control what makes a transaction valid.
In the event that quantum computing could be an imminent threat to Bitcoin, the protocol could be upgraded to use post-quantum algorithms.