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THE BLOCKCHAIN Sample Clauses

The 'THE BLOCKCHAIN' clause defines how blockchain technology is used within the context of the agreement or transaction. It typically specifies which blockchain network will be utilized, how data or transactions are recorded on the blockchain, and the responsibilities of the parties regarding blockchain interactions. For example, it may clarify which party is responsible for initiating blockchain entries or how disputes related to blockchain records are resolved. This clause ensures that all parties have a clear understanding of the technical framework governing their interactions, reducing ambiguity and potential disputes related to the use of blockchain technology.
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THE BLOCKCHAIN.Due to the inherent transparency of many blockchains, transactions that individuals broadcast via any blockchain may be publicly accessible. This includes, but is not limited to, your public sending address, the public address of the receiver, the amount sent or received, and any other data a user has chosen to include in a given transaction. Information stored on a blockchain may be public, immutable, and difficult or even impossible to remove or delete. Transactions and addresses may reveal information about the user’s identity and information can potentially be correlated now or in the future by any party who chooses to do so, including law enforcement. Users are encouraged to review how privacy and transparency on the blockchain works.
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THE BLOCKCHAIN.Due to the inherent transparency of many blockchains, including the TomoChain Blockchain, transactions that individuals broadcast via TomoChain may be publicly accessible. This includes, but is not limited to, your public sending address, the public address of the receiver, the amount sent or received, and any other data a user has chosen to include in a given transaction. Information stored on a blockchain may be public, immutable, and difficult or even impossible to remove or delete. Transactions and addresses may reveal information about the user’s identity and information can potentially be correlated now or in the future by any party who chooses to do so, including law enforcement. Users are encouraged to review how privacy and transparency on the blockchain works.
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