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.


Technical Analysis - Part XIII

14 Aug 2022 9 minute read 0 comments cryptogod-1

Good day everybody, Welcome to CryptoGod-1's blog on all things crypto. Today we are going to continue the series on Technical Analysis and why it can be such an important asset for new or experienced traders. In this series I am covering some of the...

How to increase your Hive Power with Bitcoin mining?

14 Aug 2022 2 minute read 1 comment Kolus290

Many of us know that cryptocurrency mining is a good passive income guys and that’s why I decided to make a guide on how we can increase our Hive Power with cryptocurrency mining in this case I’m going to focus on Bitcoin mining guys, but why Bitcoin...

The Shortest Day in History - June 29, 2022

14 Aug 2022 2 minute read 2 comments ZeroRequiem

On June 29th 2022, the Earth completed its rotation 1.59 milliseconds faster than it has ever done in recorded history. Everyone knows that a normal day is 24 hours, however in the last decade the Earth's rotation has been begun to accelerate. Earth...

Smart Contract Ponzi Schemes

14 Aug 2022 9 minute read 0 comments xuanling11

Ponzi Schemes have an upgraded version: Smart Contract Ponzi Schemes. It is more challenging for people to identify and pinpoint their operations running under the smart contract code. It is more difficult when the code is open source and immutable,...

Lucky Cats gears up for Token Fair Launch

14 Aug 2022 1 minute read 0 comments Denis Lukavačkić

Lucky Cats gears up for Token Fair Launch On August 31, 2022, innovative online lottery operator Lucky Cats will distribute 100 million KATZ tokens to you. More than a token gesture With its innovative online lottery game backed by blockchain, Lucky...

My Hive Goals - Weekly progress report

14 Aug 2022 2 minute read 0 comments Bala

Another week has passed and I'm really excited to check my stats today. I want to see how my SPS gain is this week because it is purely based on how much I earned from staking rewards alone. I did not manage to purchase anything from the market. My H...

Exorde: A person, guided by fakes, can harm himself and other people

14 Aug 2022 2 minute read 0 comments MoonVoyager

In 2017, the publishing house HarperCollins, which publishes an explanatory dictionary of the English language, chose the term fake news as the word of the year, thereby recognizing its significance for the modern world. Well, actually since that ti...

SoRare to the moon, you should start it

14 Aug 2022 1 minute read 0 comments visnakel

If you love Football or Baseball, Crypto, and Passive Income, you have to try Sorare. Why You Should Start to Play it? Sorare is an NFT-based “play to earn” game. You buy the cards of the real football players. Then, according to the real performance...

How to survive a crypto crash

14 Aug 2022 2 minute read 2 comments WendyZaca

We saw a major crash among many things and overall, we can say that this is the biggest wealth transfer in history that we're going through right now. Not that long ago we've seen news like ' Global Stock market slump may not be over' . 11 trillion d...

Hacks reported on Acala stablecoin, BlueBenx, etc. Was at least one hack a HOAX?

14 Aug 2022 3 minute read 1 comment I-HODL

So get this, friends, there's been reports of yet  another multimillion dollar hack on a high yield crypto lending platform, only this time, investors don't believe the story is true. Go figure.  The affected company is the Brazilian crypto lender, B...