Common use of Blockchain Delay Risk Clause in Contracts

Blockchain Delay Risk. On the PINGPAID Protocol, transactions may not be recorded in the last-closed ledger until the transaction has been ratified through the PINGPAID consensus algorithm. Timing of ratification may occur at random times. For example, Token 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 Buyer’s transaction at the time Buyer expects and Buyer may not receive Tokens on the same day Buyer purchases the Tokens.

Blockchain Delay Risk. On the PINGPAID mHealthCoin Protocol, transactions may not be recorded in the last-closed ledger until the transaction has been ratified through the PINGPAID mHealthCoin consensus algorithm. Timing of ratification may occur at random times. For example, Token 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 Buyer’s transaction at the time Buyer expects and Buyer may not receive Tokens on the same day Buyer purchases the Tokens.