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.


Oracles - Bring the Real World to the Blockchain

49 minutes ago 4 minute read 0 comments Simplify Crypto

A Blockchain can only handle the information within it. However, there are smart contracts that make transactions using data that comes from abroad to determine the outcome of those transactions. So how is this information fed to the Blockchain? What...

Week 2 Hive Thoughts

59 minutes ago 3 minute read 0 comments The Crypto Oracle

Well it has been two weeks, and I'm still on Hive. That has to say something about me, right? I've been learning more and more about hive and am really excited about the possibilities it provides. I keep learning about neat features and things I can...

COMPANY MININGCOMPANY

3 hours ago 1 minute read 0 comments JJPV_19

https://miningcompany.ltd/?ref=360243 The company has built a large mining farm and uses the latest equipment and new technologies, which makes mining very profitable in any situation in the cryptocurrency trading market. You can forget about th...

Theta Network - Learn & Earn

4 hours ago 3 minute read 3 comments ircrp

  With Theta recently on the rise we will dive into a brief explanation of Theta Network, highlighting the difference between its two tokens, how you can contribute in this network and get little gains, and ultimately the case for the future.   Thet...

Bitcoin and stablecoins allow $50 billion to flow out of China

6 hours ago 2 minute read 1 comment busyjordy

In an article from 27th August, the Daily Hodl reported that a huge chunk of capital is flowing out of China thanks to cryptocurrencies. In fact, the number is around 50 billion US dollars’ worth and this is unprecedented due to strict restrictions i...

Slovak Crypto Exchange Lost $5.4 Million to Hackers

6 hours ago 1 minute read 0 comments Uruburus

IThe exchange approached other centralized platforms to stop the liquidation of stolen funds. Eterbase, a Slovak cryptocurrency exchange, has become the latest victim of hackers as $5.4 million in digital currencies were stolen earlier this week. Inf...

Dash FastPass – The Future of Trading?

7 hours ago 1 minute read 0 comments Tao of Satoshi

A problem that has plagued cryptocurrency users (and traders specifically) since the inception of the space is deposits and withdrawals to and from exchanges taking a very long time. In a space where prices, opportunities and more can disappear or a...

Ethereum 2.0 Phase 0: beacon chain

7 hours ago 1 minute read 1 comment espacioreal

The Ethereum Foundation has published a kanban board that lets you know how much time is left for the launch of Phase 0 of Ethereum 2.0 or "Serenity". According to its promoters, this update will introduce the use of Proof of Stake or PoS as a consen...

What is Staking in Cryptocurrency?

8 hours ago 1 minute read 0 comments MichaelD

Are you a newbie too like me? If yes I will explain to you what is staking in simple definition rather than searching it in the google which will just make you more confuse. Staking is just like a savings account so imagine you have 100 of one coin....

Hodl, Sell or Consolidate? | Analysis

8 hours ago 8 minute read 3 comments Mynima

Introduction Back in June I embarked on a project that was aimed at answering a seemingly simple conundrum: How do I know if it is worth holding onto an investment? As someone who is not a technical analysis trader the above question led me to the...