Blockchain News, Opinions and Analyses created by users.

Blockchain

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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.


The Features of Blockchain Technology (For the Uninitiated)

1 hour ago 6 minute read 0 comments Allen Taylor

In a previous post, I disclosed that I've managed to snag a book deal with a small business book publisher for a book I'm writing on blockchain technology and social media. One of the first things one has to do in order to convince a publisher to tak...

Continuing on Algorand developer tools/Community projects: ALGODESK - ALGOSIGNER

2 hours ago 2 minute read 0 comments Ddev

In this post, I explained with video how to browse through AlgoExplorer (one of the Algorand's community built tools/projects) to extract data from the Algorand blockchain. Following that, at the end of this article, you will be exposed to using ALGO...

CoinPot — what is it?

2 hours ago 1 minute read 1 comment eliasvh

CoinPot — what is it? CoinPot is a cryptocurrency micro-wallet, not a faucet mind you. But the reason I listed it CoinPot is that it's Faucets do not exist out of CoinPot and are unique in a way to where you can stick it to specifically CoinPot. It...

Filecoin - a Coin for Files

2 hours ago 1 minute read 0 comments NOWPayments

NOWPayments is happy to support Filecoin so that anyone can accept FIL as payment. There are so many things happening in crypto and blockchain tech that it is impossible to keep track of all the good stuff. Regardless of how hard you try, you may mis...

Last Line of Defense Highlighting Analyst Announces Next Levels in Bitcoin

3 hours ago 1 minute read 1 comment Turbobjk1903

Latest situation in BitcoinIn Bitcoin, which has experienced many continuous drops below $ 19,000, these drops were bought aggressively and the price quickly reversed. There is a crucial level being monitored by a leading analyst that could have a he...

December 3 BTC, ETH, XRP, LTC, BCH, LINK, DOT, ADA, BNB and XLM Price Analysis

3 hours ago 3 minute read 0 comments Turbobjk1903

Cryptocoin - Bitcoin retraced the $ 19,000 level but charts show that BTC and altcoins may consolidate for a few days before starting the next trend move. Bitcoin (BTC) price rose above its all-time high of $ 19,892 on December 1. This is an importan...

CHRISTMAS ALL TIME HIGH BTC

3 hours ago 1 minute read 0 comments Marekiaro

An analyst predicted Bitcoin's current price as early as three months agoIn August, Preston Pysh predicted that Bitcoin's price would soon rise: $ 20,000 by Christmas?     Will Bitcoin (BTC) reach a new all-time high by Christmas? It now seems an ov...

Cryptocurrency Is The New Dollar

3 hours ago 3 minute read 0 comments eliasvh

"Cryptocurrency Is The New Dollar"  Where do you start with decentralized blockchain-based cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dash, and Ethereum Classic? [Sources: 0] There are many places to find them online, but nothing attracts in...

ETH 2.0 Upgrade

3 hours ago 2 minute read 0 comments CPix

Ethereum, the most valuable ($67B) smart contract enabled public blockchain, has begun its much anticipated transition to a Proof of Stake Network enabling exponential scale and added utility to the “Internet of Money”.   Yesterday, December 1, 2020,...

Eth2 Testnet Staking Validator Node

4 hours ago 2 minute read 0 comments TheCryptoStew

  Learn with the Pyrmont Testnet with Prysm With so much interest in the newly launched ETH2 validator nodes, it is the perfect time to be asking how you can be a part of the blockchain industry. Monday December 1, at roughly 7AM EST the genesis bl...