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.


Free to play game Chain of Legends, Get a free land and earn the CLEG token

14 Aug 2022 2 minute read 2 comments Niko NFT

Hi guys, I present Chain of Legends an NFT game that allows you to earn the CLEG token(at the moment). Also in free to play mode in fact each user can get free mine and land with reduced mining speed and capacity. The game has just started, currently...

New Income Source with Alpha Vantage

14 Aug 2022 2 minute read 0 comments mohdfajas

Alpha Vantage Coin (AVC) is an Ethereum-based ERC20 utility & governance token for the Alpha Vantage Ecosystem, with a mission to bring advanced market intelligence to all financial market participants . As an AVC holder, you can: Stake your AVCs t...

HOW ZCASH WILL RESTRUCTURE THE NIGERIAN ECONOMY

14 Aug 2022 6 minute read 0 comments chidi

The emergency of blockchain technology has made a remarkable impact on the world's finance which has affected almost every sector of the world economy including education, health, real estate, banking, agriculture, etc. I’m sure you might have heard...

Ethereum consensus layer is constantly under attack, F2Pool have been doing this for the last 2 years

14 Aug 2022 4 minute read 18 comments Patch

The BIS report that came out earlier this year highlighters some alarming problems regarding mining, and how miners could exploit their position and first-hand information to manipulate the market. It was theorized that 1 in 30 blocks mined was manip...

Wayru Aims to Disrupt the Market with its People-owned Internet

14 Aug 2022 4 minute read 4 comments paragism

The internet was created to connect computer systems worldwide and to provide global access to data and communications. It opened up a plethora of interactional opportunities and became the most significant catalyst in realizing the vision of globali...

RSK — Back Where it All Begun

14 Aug 2022 2 minute read 2 comments The Art of Tomas

    Rootstock is an EVM compatible Bitcoin layer 2, it aims to bring all the innovation being built and deployed on Ethereum back to BTC. Because both chains share the same coding language (solidity) it makes it extremely easy to port from one to th...

What are the risks of investing in DeFi and how can we avoid them?

14 Aug 2022 1 minute read 0 comments Kolus290

Nowadays the risks of investing in DeFi can be something that we can’t accept, many of us know the SOLANA ecosystem and what happened with the Luna Terra cryptocurrency guys, this cryptocurrency had a price of 50 US dollars and in just a few days it...

🚫🤖It's the beginning of the end for bots and spam. Introducing LunarCrush Sparks✨

14 Aug 2022 1 minute read 2 comments CryptoNauts

  Lunr is a utility token built for LunarCrush. LunarCrush is a social intelligence platform which distills the world’s social media data down to create actionable insights for cryptocurrency investors. By holding and staking Lunr in the Lunr Wallet,...

LeoThreads A Twitter/Reddit Like Platform That Pays Crypto!

14 Aug 2022 2 minute read 0 comments bitcoinflood

With LeoThreads now out in the mix and constant posts about it which is a great thing It's now time to look at some methods on how to effectivly use LeoThreads and get the most out of it. Depending on your own goals might depend on how you interact w...

The Ethereum Merge

13 Aug 2022 6 minute read 0 comments xuanling11

  Ethereum sets to Merge on September 15.     This event is excellent news for many users but bad for the miners.     Miners are launching their own chain to oppose the Merge. One of them is ETHW. Since Ethereum shifts from Proof of Work to Proof o...