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.


Binance Dual Investment Explained

1 hour ago 4 minute read 0 comments EverythingBlockchain

Primer - Dual Investment is an investment product that lets users earn interest irrespective of the market direction. It lets users deposit funds to buy or sell crypto assets at future desired prices and dates while earning interest on the deposits. ...

Markets Can Flip In An Instant

3 hours ago 2 minute read 1 comment R23

  Image Source Inefficiencies The more time I spend reading about and participating in financial markets such as the stock or crypto market, it becomes more and more apparent just how sensitive the markets actually are. With just a word or a rum...

Play to earn. The best projects

5 hours ago 1 minute read 1 comment Bertaz

BEST PROJECT PLAY TO EARN AT THE MOMENT   STEPN STEP APP DOSE GENOPETS Surely Stepn is the most popular play to earn game, easy to use intuitive and affordable for everyone. Two tokens GST and GMT.However, competition is starting to come in, step app...

23 May: Bitcoin reclaims $30K

6 hours ago 9 minute read 2 comments TheCryptoCurator

“Be brave when you are scared, and humble when you are victorious.”-Unknown --NO TAX ON CRYPTO PROFITS!-- Happy Monday Folks! There is light at the end of the tunnel as Bitcoin reclaims $30K. We are not out of the woods but this is a good start. I wi...

DeFi Decisions

6 hours ago 2 minute read 3 comments Sapphire

It Moves Fast Many DeFi investors were likely caught off guard recently and are probably wondering how they should navigate their way forward. As usual, the narratives abound in regards to the direction of the market and a potential bottom. There are...

Did you eat pizza yesterday?

9 hours ago 2 minute read 2 comments The Crazy Dude

Hey, I'm here again! Yes, the crazy dude who writes stuff on the internet! Pizza Day? Great! Bitcoin pizza day? Even better! I'm late, yesterday was May 22nd and on that same day, 12 years ago, for the first time in history a payment was made with...

Chinese miners are back in business

11 hours ago 1 minute read 0 comments Stormgain

Despite the ban on the use of cryptocurrencies by financial institutions and the designation of mining as an undesirable activity, Chinese crypto miners are now back on track. According to data from Cambridge University, Chinese miners have now turn...

CoinW Venture: The upstart of blockchain venture capital is empowering blockchain enterprises in an all-around way.

14 hours ago 2 minute read 0 comments CoinW Exchange

    As the usage and attention of cryptocurrencies continue to increase around the world, so do the number of investment activities surrounding cryptocurrencies keeps on rising. According to PitchBook Data, venture capital funds invested a record...

In crypto, the impatient wins.

15 hours ago 2 minute read 3 comments Dzoelx

“Patient dog eats the fattest bone”... sounds like an African proverb. I’m not sure of the origin anyways, I’m not sure about its validity either. It was probably more correct a couple of years ago. Regardless, patience is a virtue; not always…espec...

Panther Quant is now backed by Sheesha Finance — DeFi’s first ever mutual fund!

15 hours ago 2 minute read 0 comments Panther Quant

  Panther Quant x Sheesha Finance . We are super thrilled to announce our newest collaboration with Sheesha Finance : The first Mutual Fund of the DeFi world! About Sheesha Finance Sheesha Finance is a multichain venture capital accelerator...