Common use of Blockchain Delay Risk Clause in Contracts

Blockchain Delay Risk. On the Ethereum Protocol, transactions may not be recorded in the last-closed ledger until the transaction has been ratified through the BBDC algorithm. Timing of ratification may occur at random times. For example, ▇▇▇▇▇ transfers in a given open ledger may not be included in the next last-closed ledger, and may be included in the candidate set for the beginning of the consensus process on the next open ledger. As a result, the last-closed ledger may not include ▇▇▇▇▇’s transaction at the time Buyer expects and Buyer may not receive Tokens on the same day Buyer purchases the Tokens.

Appears in 1 contract

Sources: Terms of Token Sale

Blockchain Delay Risk. On the Ethereum Protocol, transactions may not be recorded in the last-closed ledger until the transaction has been ratified through the BBDC BDCC algorithm. Timing of ratification may occur at random times. For example, ▇▇▇▇▇ transfers in a given open ledger may not be included in the next last-closed ledger, and may be included in the candidate set for the beginning of the consensus process on the next open ledger. As a result, the last-closed ledger may not include ▇▇▇▇▇’s transaction at the time Buyer expects and Buyer may not receive Tokens on the same day Buyer purchases the Tokens.

Appears in 1 contract

Sources: Token Sale Agreement

Blockchain Delay Risk. On the Ethereum Protocol, transactions may not be recorded in the last-closed ledger until the transaction has been ratified through the BBDC Astox algorithm. Timing of ratification may occur at random times. For example, ▇▇▇▇▇ transfers in a given open ledger may not be included in the next last-closed ledger, and may be included in the candidate set for the beginning of the consensus process on the next open ledger. As a result, the last-closed ledger may not include ▇▇▇▇▇’s transaction at the time Buyer expects and Buyer may not receive Tokens on the same day Buyer purchases the TokenstheTokens.

Appears in 1 contract

Sources: Terms of Token Sale