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.


SoulBound Token (SBT): The Future of Web3 credentials

9 hours ago 4 minute read 0 comments Destiny_

Remember the Black Mirror episode "Nosedive"? If you are not familiar with it, the episode was about a world where people could rate each other according to the interactions they have. This rating defined their so-called status in the society. Appare...

My LUNA disappeared from Binance

9 hours ago 1 minute read 0 comments Bala

This is one of the reasons why we shouldn't be trusting an exchange. But yeah this situation is somewhat unique and we cannot blame the exchange so much. Until yesterday morning, I was able to see my LUNA balance in my Binance wallet. I was happy tha...

2022 Bitcoin, Cryptocurrency Adoption Overview & Progress | The Cryptocurrency Standard

9 hours ago 4 minute read 0 comments Zacharias

27 May 2022: Slowly but surely, different countries around the world are either turning towards favorable positions when considering cryptocurrencies - or they are outright fighting them. The development of CBDCs encompasses nearly the entirely of g...

Harvest Finance: Overhaul and Entrance into DeFi 3.0 Part 2

10 hours ago 3 minute read 0 comments Cje95

If you have not already read part one I would recommend doing so and here is a link to it!    Additional Info on Updates and Features From Part One   In Part One I mentioned a couple of the new things that this overhaul was bringing to the table. In...

The New Utopia of the Soul of Decentralized Societies

10 hours ago 1 minute read 0 comments Pol Chain

‘Find the soul of Web3. One soul per person’ The undying desire for a better world (utopia) will continue to be the carrot that idealists pursue, even knowing that it is impossible to achieve. Happiness is found on the road and not in the destination...

Exclusive Access To Formula Oneⓒ Parties with World’s First Invite-Only NFT Memberships powered by Amber Lounge

12 hours ago 1 minute read 0 comments Bit Media Buzz

In what seems to be a first-mover for the NFT sector, Amber Lounge, an exclusive luxe lifestyle Pop-Up party brand, well known for providing outstanding experiences in and out of the Formula One world, is now offering special NFT-based VIP membership...

Gnosis Chain now supported on Ambire Wallet

14 hours ago 1 minute read 0 comments AlpinaBG

We integrated the 8th supported blockchain on Ambire Wallet, namely the stable payments EVM Gnosis Chain. With the addition of Gnosis Chain we open another world of opportunities in DeFi for the Ambire users. What is Gnosis Chain Previously known as...

Into the Metaverse

14 hours ago 8 minute read 1 comment Eligma

Metaverse is a highly engaging topic in the IT, crypto, and business communities, representing a concept where a significant part of social and business matters will be conducted in the future. The term “Meta” comes from Greek. It translates to “afte...

What is an NFT?

14 hours ago 2 minute read 0 comments Mark Anstead

From the earliest examples, engraved shells to the current crypto art craze, art has been a part of our society for millenia. Transcending age, race, and religion, everybody creates their own art forms at some point in their life. At the core of it i...

Mimblewimble threatens to get Litecoin delisted

14 hours ago 1 minute read 0 comments Stormgain

Once among the Top 5 cryptocurrencies, Litecoin now finds itself in 18th place with a capitalisation of $4.9 billion. But now, this position is also under threat after an update from Mimblewimble highlighted the risk of Litecoin being delisted from s...