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.


Cryptosoul price rises up over 588% in 24 hours, it is the time for gamers

10 minutes ago 1 minute read 0 comments As125d

Hello crypto lover, It is very good news for the gamers. Cryptosoul price gets it all time high only 24 hours. The price of crypto soul in 8 March was only $0.0006, but suddently the price rises up be $ 0.005 purely only in 24 hours in 9 March 2021....

Coinmarketcap 08/03/2021

48 minutes ago 1 minute read 0 comments sevillaespino

We start another week of life as well as a new week of work in our beloved world of cryptocurrencies, I wish you all much success for your investments whether they are short or medium term. Today's market generated an increase of "6.20%", a very goo...

Financial Affirmations for Monday, March 8th 2021

1 hour ago 1 minute read 0 comments Bryan Divisions

Every day presents a new opportunity to learn how to accumulate more wealth. Focusing on positive beliefs and perspectives about money and finances opens the doors to new possibilities. These are from my daily affirmations on finance. I hope they bri...

Do you think that crypto should be a common currency to universe ?

1 hour ago 1 minute read 1 comment Prince Raj

Ooh well , have a great day ahead !   Let's start from here that there is no any currency in the world whose value is same everywhere, which means a common currency at all !   Which seems that we have developed enough but still struggling to make it...

Experts Predict "Explosive Growth" this Summer

2 hours ago 1 minute read 0 comments CryptoBytes_

Ethereum could see “explosive growth” in the coming months after its developers approved a decision to begin “burning” ether tokens used in transaction fees. This “burning” would see ether tokens completed destroyed, reducing the number of outstandin...

Elon Musk and the Dogecoin Phenomenon

3 hours ago 1 minute read 0 comments BobbyaaS

Elon Musk has tweeted about #Dogecoin, a meme-driven "feel good" crypto coin, several times in the last year.  Musk has all but adopted the #Dogecoin cult of faithful followers across social media.  He seems to enjoy the irony of the coin having a re...

With the NFT Market on Fire Taco Bell Joins in

3 hours ago 1 minute read 7 comments Cje95

The last few weeks in particular have seemed to have spurred interest beyond what I ever could have imagined for the NFT market. There are now artists becoming millionaires almost overnight and hearing people spend $10,000 to $100,000 on a single NFT...

Should Bitcoin be considered the world's currency or value reference?

4 hours ago 8 minute read 2 comments nattynatalia

In a short answer i would say NO, why would i give this answer? The reason is very simple, you cannot put the economy of billions of people behind the "trust" that someone or a group of people with clear anarchist tendencies are not waiting for their...

🔥 Cub Finance FOMO! 1 Million TVL!

4 hours ago 1 minute read 0 comments resiliencia

Hello! Finally the day arrived and Cub finance launched. The first minutes were really crazy and the Discord was full of Leo users talking about the project. I am really excited by this launch, a lot of fresh energy needed and an awesome product bein...

Bitcoin Beginning Run to $60,000? (3/9/21 Price Forecast)

4 hours ago 2 minute read 0 comments Crypto Daily FX

Bitcoin rallied strongly on Monday to kick off the week, initially dipping a bit before turning around and pushing upward to about the $52K level, closing the daily candle at the highs. This is an increasingly bullish candle as Bitcoin continues to f...