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.


28 Jun: Accumulation Zone

28 Jun 2022 5 minute read 1 comment TheCryptoCurator

“You have all the reason in the world to achieve your grandest dreams. Imagination plus innovation equals realization.”- Denis Waitleybrought to you by STRIKE- Get $10Buy $BTC and Use the Bitcoin Payments Network at Zero CostBetter than Venmo and Pay...

All the things you need to know about NFT space

28 Jun 2022 9 minute read 0 comments mrkd

In order to understand NFTs it is important to understand specific terms that are commonly used in the NFT space. The members of the NFT community use these common phrases or words on daily basis, instead of long difficult sentences these small phras...

Improving what is "Under the Hood" at DBuzz

28 Jun 2022 2 minute read 0 comments dbuzz

Improving what is "Under the Hood" at DBuzz Hello, D.Buzz development enthusiasts! If you're not a developer, the phrase "under the hood" might not mean much to you. But if you are a developer, you know that the work that goes on "under the hood"...

Is it profitable to mine Bitcoin in 2022?

28 Jun 2022 2 minute read 1 comment Kolus290

Today I decided to bring a very interesting post because mining is simply a passive income practice that many people are adopting this technology to generate money passively and today we will talk about the risks involved and if it is really profitab...

Symbiosis integrates into SafePal DApp browser

28 Jun 2022 1 minute read 2 comments Symbiosis Finance

  We are constantly working on new great collaborations with leading projects! Symbiosis is now integrating in the DApp browser of SafePal wallet that aims to make crypto secure and simple for everyone. SafePal provides hardware wallet and software w...

Do you want a world without Bitcoins ?

28 Jun 2022 3 minute read 3 comments thetimetravelerz

  I recently searched for Bitcoin on Coinmarketcap and perhaps there was a glitch in its search function and it threw up this result This set me thinking .... What if there was no Bitcoin ? If you are an adult then you can think of a time prior to...

Why Ripple is recovering faster than the market

28 Jun 2022 1 minute read 0 comments Stormgain

Several bits of positive news and Ripple's strong position in a protracted dispute with the US Securities and Exchange Commission (SEC) led to XRP's price rising by 10% over the past 24 hours. For four years now, there has been a legal battle betwee...

Liquidation risk free DOT loans using your cDOT assets as collateral in Parallel Finance

28 Jun 2022 3 minute read 0 comments Greenchic

Now it’s possible to avail DOT loans that are free from the risks of in Parallel Finance   cDOT assets finds more capital efficient utility in Parallel Finance Wondering what’s that diamond mark besides the cDOT assets, then read on!! Parallel...

CoinW Debuts at Crypto Expo Asia 2022. Globalization Strategy Keeps Speeding Up!

28 Jun 2022 1 minute read 0 comments CoinW Exchange

Since 2022, CoinW (www.coinw.com), the world’s leading cryptocurrency exchange, has been frequently appearing in some international crypto expos, actively developing the global market with its superb brand strength. Recently, CoinW was invite...

Borderless Dev Hub: The beginning of new episode in African tech space

28 Jun 2022 3 minute read 0 comments Crypto Smart

Crypto Smart partners with Comsotech to begin the Borderless Dev Hub cipher developers’ program. Blockchain technology has become wider than it was when bitcoin was launched in 2009. The still developing technology is even wider than what it was 10ye...