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.


Earn AMPL and ETH Blogging

6 Aug 2022 5 minute read 8 comments HattyHats

I hope everyone has been having a great week and are ready to learn about another great blogging and earning platform. I am dedicating this article to @Lesly90 because she requested that I write about this site. I hope this helps you understand the p...

BitKeep Wallet - Top Wallet in Asia already supports Floyx Tokens

5 Aug 2022 1 minute read 0 comments Chriss

We are pleased to announce that BitKeep Wallet has just integrated for a week now, a Wallet to store your Floyx tokens! BitKeep Wallet in a few words : Top Crypto Wallet in Asia Over 6 million users worldwide Present in over 168 countries Protects o...

Web 3 - Decentralized Independence

5 Aug 2022 2 minute read 4 comments Sapphire

An Interesting Conversation I was at a coffee bar this morning and got into a discussion regarding a particular legacy-styled business model. As I listened to a few advocates promoting this model I was immediately reminded of how outdated and frustra...

BiFrost — A guide to stake your Kusama

5 Aug 2022 3 minute read 0 comments EverythingBlockchain

  Primer — Bifrost is a web3 derivatives protocol that provides decentralized cross-chain liquidity for staked assets. It leverages cross-consensus message (XCM) to provide cross-chain liquid staking services for multiple chains. With the release of...

The Crypto has no greed problem

5 Aug 2022 8 minute read 1 comment xuanling11

Hacking, rug pulls, VC bankruptcies, and founders running away with their luxury cruises are just a few that you see in Hollywood movies but occur in the crypto world. Many people blame people's greed in the crypto market and believe the government s...

Solana collapses on hacking news

5 Aug 2022 1 minute read 1 comment Stormgain

Over 8,000 wallets are compromised, with cumulative losses exceeding $8 million. Users are advised to transfer funds to a cold wallet and not to click on suspicious links. SOL has dropped 7% in 10 hours, and the attack continues. At this point, it's...

Conviction & Excitement In A Bear Market

5 Aug 2022 2 minute read 0 comments Sapphire

Conviction Ahead Of All Else As I mentioned in my recent post, “A Blockchain-Based World Is Inevitable”, it is merely a matter of time before blockchain and Crypto completely redefine our world. What this in essence means for those who are able to id...

What is a FINTECH and what service does it provide?

5 Aug 2022 2 minute read 0 comments julian2344

    Why are FINTECH born? With the introduction of the internet into our lives, the massification of laptops and access to technologies that decades ago were considered practically impossible, the consumer has benefited by having immediate and easy...

05 Aug: A Push Higher

5 Aug 2022 4 minute read 3 comments TheCryptoCurator

"A good relationship is when two strong individual people come together and are able to blend and be separate at the same time, effortlessly."- Jef Gazley Powered by Super Coffee - Positive Energy! It's FRIDAY Folks! Crypto market holds firm above $1...

Ethereum PoW or PoS?

5 Aug 2022 1 minute read 10 comments The Crazy Dude

  The Poloniex exchange has announced that it will list two tokens as of August 8. These tokens will be ETHW and ETHS that correspond 1:1 to ETH. The tokens are the two potential forks of ETH after The Merge. A group of miners is promoting a fork to...