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Blockchain is a term that is used to describe what is essentially a decentralized database. It is a type of Distributed Ledger Technology (DLT). Other forms of decentralized systems exist, but blockchains remain the most popular, due to its association with Bitcoin and the origins of cryptocurrencies.

Blockchains consist of multiple blocks of data, that are linked together to form a chain. Its most valued properties are immutability and transparency. No new information can be verified that is in contradiction with previously verified data, and data cannot be changed without causing severe changes to the network. Transaction fees are also extremely low, which is an important factor in persuading incumbent financial institutions to adopt the technology for their own purposes. Blockchains can be either permissioned or permissionless, and different projects take different approaches on how their networks are governed.

Blockchain’s strengths have caused it to be quickly considered by many major companies, as well as smaller ones seeking to leverage the advantage for their own growth. However, given the relative newness of the technology, several technical limitations must still be overcome before the technology can reach a global scale. Chief among these is scalability, which determines the number of processes that can be transacted simultaneously or at least without significant delay. 

User-friendliness is another important issue to be tackled. To achieve mass adoption, experts in the field believe that the technology must be manifested in an accessible form, and this is another issue that several projects are tackling, which includes the development of the much vaunted decentralized apps (DAPPs).

In this tag, read blockchain news, price predictions, opinions and analyses created by users.

Beyond Zero Value: Counterarguments to the ECB's Dismissal of Bitcoin's Fair Price

36 minutes ago 5 minute read 0 comments Gryphonboy

Bitcoin's potential and risks have been hotly debated since its emergence 15 years ago. While proponents see it as the future of money, replacing traditional currencies, others view it as a speculative bubble with no intrinsic value. The recent appro...

A rare glimpse in the mind of Satoshi

38 minutes ago 1 minute read 0 comments Kovichni

First off let me tell a huge **** you to fakestream media for taking out of context/misquoting Satoshi and making these newly released emails about Bitcoin's pollution or that energy thingy. It's like these keyboard monkeys just HAVE to be on the wro...

2024: AI-week: What is Akash Network (AKT)?

47 minutes ago 1 minute read 0 comments blockchainking

Introduction. Akash Network is a groundbreaking initiative aiming to decentralize the cloud computing market, traditionally dominated by a few large entities. It seeks to democratize cloud computing, creating a more equitable and open internet where...

Why project Holozing is being built on Hive Blockchain ?

1 hour ago 4 minute read 0 comments mango juice

Holo Zingians! It's your favorite juice with another awesome post today and today, I will be talking about Holozing, the most awaited upcoming 3D open-world crypto game in Hive blockchain and why the developers chose a web3 platform over a web2 to ma...

Advantages GPS based toll collection brings

2 hours ago 2 minute read 0 comments Bala

A few days back I wrote an article about how the toll collection in India is improving and how they are planning to use GPS for toll collection. In this article, I'm going to discuss the advantages of toll collection with the help of GPS. Before we g...

The effect of cryptocurrencies on economic coverage and relevant banks

2 hours ago 1 minute read 0 comments Mika(123)

Cryptocurrency has developed into an influential force that threatens conventional fashions of financial policy and relevant banks and promotes a brand new paradigm this is changing the face of world finance. With the creation of cryptocurrencies inc...

What should we expect from an institution-owned cryptocurrency?

3 hours ago 5 minute read 1 comment Dzoelx

Source I’m not pretty sure if any new cryptocurrency project made the news headlines like Facebook’s libra did the year when the ambitious move to launch a ‘blockchain-powered’ cryptographic means of payment owned by social media giant—Facebook was t...

Altcoin Picks – A Hidden WEB3/RWA Gem With Enormous Potential!

3 hours ago 3 minute read 0 comments Sapphire Crypto

Discovering Alpha Altcoin hunting is an endeavor I enjoy. Most investors tend to shy away from research. However, I find it incredibly rewarding. Discovering projects before recognition and significant market cap valuations is extremely lucrative. It...

The Centralization and Integration of Cryptocurrencies into E-Commerce Platforms

4 hours ago 1 minute read 0 comments Mika(123)

The participation of cryptocurrency inside the e-trade area can be considered a actual proof of the mainstream nature of virtual currencies and their use inside the regular transactions. Online purchasing and the boom of the usage of the cryptocurren...

Cardano vs. Ethereum 2.0: Key Differences and Which Is Better?

4 hours ago 3 minute read 1 comment Guarda Wallet

Cardano and Ethereum are opposite blockchains, but they continue to be compared. The reason is that Cardano founder Charles Hoskinson was also instrumental in the birth of Ethereum. Another reason is that both blockchains thrive on their smart contra...