Common use of Blockchain Congestion Risk Clause in Contracts

Blockchain Congestion Risk. The most blockchains used for cryptocurrencies' transactions (e.g., Ethereum, Bitcoin blockchains) are prone to periodic congestion during which transactions can be delayed or lost. Individuals may also intentionally spam the network in an attempt to gain an advantage in purchasing cryptographic tokens. That may result in a situation where block producers may not include the purchaser’s transaction when the purchaser wants or the purchaser’s transaction may not be included at all.

Appears in 2 contracts

Samples: Token Agreement, Token Sale Agreement

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Blockchain Congestion Risk. The most blockchains used for cryptocurrencies' transactions (e.g., Ethereum, Bitcoin blockchains) are prone to periodic congestion during which transactions can be delayed or lost. Individuals may also intentionally spam the network in an attempt to gain an advantage in purchasing cryptographic tokens. That may result in a situation where block producers may not include the purchaserBuyer’s transaction when the purchaser Xxxxx wants or the purchaserBuyer’s transaction may not be included at all.

Appears in 1 contract

Samples: Agreement of Sale of Tokens

Blockchain Congestion Risk. The most Most blockchains used for cryptocurrencies' transactions (e.g., Ethereum, Bitcoin blockchains) are prone to periodic congestion during which transactions can be delayed or lost. Individuals may also intentionally spam the network in an attempt to gain an advantage in purchasing cryptographic tokens. That may result in a situation where block producers may not include the purchaser’s transaction when the purchaser wants or the purchaser’s transaction may not be included beincluded at all.

Appears in 1 contract

Samples: Token Sale Agreement

Blockchain Congestion Risk. The most blockchains used for cryptocurrencies' transactions (e.g., Ethereum, Bitcoin blockchains) are prone to periodic congestion during which transactions can be delayed or lost. Individuals may also intentionally spam the network in an attempt to gain an advantage in purchasing cryptographic tokens. That may result in a situation where block producers may not include the purchaser’s transaction when the purchaser wants or the purchaser’s transaction may not be included at all.

Appears in 1 contract

Samples: Token Sale Agreement

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Blockchain Congestion Risk. The most Bitcoin and Ethereum blockchains used for cryptocurrencies' transactions (e.g., Ethereum, Bitcoin blockchains) are prone to periodic congestion during which transactions can be delayed or lost. Individuals may also intentionally spam the respective network in an attempt to gain an advantage in purchasing exchanging cryptographic tokens. That may result in a situation where Acquiror acknowledges and understands that Bitcoin or Ethereum block producers may not include the purchaserAcquiror’s transaction when the purchaser Acquiror wants or the purchaserAcquiror’s transaction may not be included at all.

Appears in 1 contract

Samples: Tokens Acquisition Agreement

Blockchain Congestion Risk. The most Bitcoin and Ethereum blockchains used for cryptocurrencies' transactions (e.g., Ethereum, Bitcoin blockchains) are prone to periodic congestion during which transactions can be delayed or lost. Individuals may also intentionally spam the respective network in an attempt to gain an advantage in purchasing cryptographic tokens. That may result in a situation where Buyer acknowledges and understands that Bitcoin or Ethereum block producers may not include the purchaserBuyer’s transaction when the purchaser Buyer wants or the purchaserBuyer’s transaction may not be included at all.

Appears in 1 contract

Samples: Agreement on Sale of Tokens

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