Designated Blockchain definition

Designated Blockchain means at any given time, the version of the digital blockchain ledger that at least a majority of nodes running an Accepted Client on the Designated Blockchain Network recognize as canonical as of such time in accordance with the Consensus Rules. For the avoidance of doubt, the “Designated Blockchain” does not refer to Ethereum Classic or any digital blockchain ledger commonly known as a “testnet”.
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Designated Blockchain means at any given time, the version of the digital blockchain ledger that at least a majority of nodes running the Designated Blockchain Client on the Designated Blockchain Network recognize as canonical as of such time in accordance with the Consensus Rules. The initial Designated Blockchain shall be the Ethereum blockchain (i.e., the blockchain identified as chainID:1) as recognized by the Designated Blockchain Client on the Designated Blockchain Network.
Sample 1
Designated Blockchain means at any given time, the version of the digital blockchain ledger that at least a majority of nodes running the Designated Client on the Designated Blockchain Network recognize as canonical as of such time in accordance with the Consensus Rules.
Sample 1

Examples of Designated Blockchain in a sentence

  • The DAO Members shall utilize the Designated Smart Contract (a smart contract deployed to the Designated Blockchain at the Designated Blockchain Address) as the exclusive method of holding, allocating among the DAO Members, and spending or otherwise distributing any Tokens that are DAO Property, of minting and issuing DAO Membership Tokens and holding and recording votes of the DAO Members.

  • The DAO's Members shall utilize the “Designated Smart Contract” (a smart contract deployed to the Designated Blockchain at the Designated Blockchain Address) as the exclusive method of holding, allocating rights and obligations among the Members, and spending, or otherwise distributing any Tokens that are DAO Property, of minting and issuing Cryptographic Units and holding and recording votes among the Members.

Related to Designated Blockchain

  • Blockchain means a digital ledger or database which is chronological, consensus-based, decentralized and mathematically verified in nature;

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