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 $3 with Coinbase! Hurry up!

5 Aug 2022 1 minute read 2 comments ShibaLove

  Coinbase gives you 3$ with learn and earn program!   Earn HOPR for free!     What is HOPR?     HOPR (pronounced 'hopper') is a messaging protocol that preserves privacy and a decentralized network with economic incentives on a blockchain. HOPR pro...

What is a Cross Chain Bridge & Why Should You Care?

5 Aug 2022 13 minute read 0 comments UniFarm

Since 2008, when Bitcoin Whitepaper was published, blockchain technology has come a long way. We’ve seen an explosion of blockchain networks with various functionality and designs. There are 100+ active layer 1 blockchain protocols, each of them diff...

What Will Happen to BNB in the Next 5 Years?

5 Aug 2022 1 minute read 1 comment Maneul

In this article I just want to share with you what will be the possible price of BNB in the next 5 to 10 years, before we start I just want to remind you that this is just a prediction and I just read it in some related articles here, because we all...

Keeping up with the SOLANAs

5 Aug 2022 2 minute read 6 comments Dzoelx

Nope, this is not another weird family show series, the fashion-rich American family can own that. The dramas, the scripts…that’s a story for another day. Well, this is not even too far from it. The fact that a crypto podcast is yet to adopt this nam...

How do businesses benefit from using Blockchain?

5 Aug 2022 3 minute read 0 comments TheNiftyRevolution

    1. Trust Blockchain fosters trust between entities where trust is either absent or unproven One of the most frequently mentioned advantages of blockchain is the facilitation of trust Its worth can be seen in early blockchain use cases,...

Why I Don't Buy "Crypto Stocks"

4 Aug 2022 2 minute read 2 comments Creech

Over the past few years, crypto currency has attracted many new investors from a wide range of backgrounds. I think that most people reading this would agree that at the very least, their is a ton of potential surrounding cryptocurrency and blockchai...

Proof of Physical Work protocol encapsulates real-world use cases

4 Aug 2022 2 minute read 2 comments fklivestolearn

The blockchain protocol rewards users for performing verifiable physical work like deploying a 5G hotspot etc. It has always been a challenge for even the most die-hard blockchain/ crypto evangelists to explain real-world use cases to a layman. And...

Smiles on the Faces of Investors and Tears of Drug Addicts' Loved Ones. How new Token Becomes the Main Currency of Drug Traffickers

4 Aug 2022 2 minute read 0 comments Casimiro Designer

What RECT token is?   RECT token is a new TRC20 cryptocurrency. Buying, selling, and transferring RECT tokens take place in the official Telegram bot only. The creators have set themselves the task of creating an anonymous Telegram-integrated payment...

Deal With the Devil  - Chainalysis Signs a $10M Contract With the US Government.

4 Aug 2022 1 minute read 5 comments ssaurel

Opponents of Bitcoin and cryptocurrencies take great pleasure in constantly associating this revolutionary world with money laundering. However, only the naive can believe that money laundering is more present in the cryptocurrency world than in the...

Exorde: We are lucky to live in the information age

4 Aug 2022 4 minute read 0 comments Bimevox

To find the information you need, you do not need to flip through mountains of books or look for knowledgeable people - just type a few words in the search bar of your browser. Thanks to the Internet, we have access to a potentially infinite amount...