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.


2020: Why facebook's libra is a shitcoin, or shittoken!

1 Jan 2020 1 minute read 9 comments BitcoinGoldStandard

It's hard to imagine any company more opposed to all the values Satoshi's whitepaper and Bitcoin were founded on, than Facebook. So what is bad about Libra? Well, for starters let's take a look at Facebook's core values or the lack of core values: Fa...

Price analysis 1, Jan Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash.

1 Jan 2020 1 minute read 0 comments haidernasir

Bitcoin, ethereum, litecoin and XRP have gained almost 1% in its price in the previous 24 hours, while BCH has almost lost 1% in its price in the previous 24 hours. Here a price analysis of five cryptocurrencies. Bitcoin/USD Bitcoin is at $7,211.67 w...

I reinvested all my profits for 18 hours

1 Jan 2020 1 minute read 2 comments MadMaxx

Tip this post if you like it! So I reinvested all my profits from trading crypto. I did this for 18 hours. I've done a similar experiment before, but that one was to pay back all my losses. Check out the Psycho Crypto blog to see that post. It was re...

Is Bitcoin Resilient Enough to Take on Cyber Threats in 2020? #458

1 Jan 2020 1 minute read 0 comments Gary Leland the Bitcoin Boomer

There will be an explosion of cyber security threats targeting all verticals worldwide next year. Just like other industries, the crypto industry must also prepare to respond to the ever changing crypto security threats. YouTube: https://youtu.be/kB...

Happy New Year From This Canadian Smoke.io Witness - Share Your New Years #SmokeCryptoMinute With Us

1 Jan 2020 1 minute read 1 comment d00k13

  Moving From One Year To The Next     We set behind us the events of past and move into an unknown potential of future, will this be the year of medicinal cannabis? Will we see the needed shift in stigmatism surrounding it? How can you he...

Finally 2020...could be this year the Launch of Libra Digital Currency.

1 Jan 2020 1 minute read 0 comments alberdioni8406

The Libra stablecoin from Facebook is planned to be launched this year but many reticence are surrounding the Project. Since it's announced in the middle of 2019 start facing huge battles to pass their idea of worldwide system of payments involving t...

I analyzed all my trades for 18 hours

1 Jan 2020 1 minute read 0 comments MadMaxx

Tip this post if you like it! So I analyzed all my trades for 18 hours. By 'analyzed', I mean Technical Analysis. I did a post where I didn't analyse my trades for 18 hours. Well in this one, I stuck to my trading plan just like a snails shell is stu...

Trends for crypto 2020 - Watch out for the incoming Bitcoin January price dump and new lows

1 Jan 2020 5 minute read 2 comments Bitcoin Babaji

Happy New Year 2020 everyone, may your trade winds be fair and fine. Last year was a hectic ride for Bitcoin as it spent the first half going parabolic and the second half retracing furiously, and ending off the past months trading sideways in a part...

1/1/2020 Price Update: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litcoin, OX(ZRX), STEEM, Steem Base Dollars (SBD), Basic Attention Token, Bitshare, DAI, XRP, EOS, Binance coin, Huobi token, Maker

1 Jan 2020 1 minute read 2 comments Daniella Blog

  Hello,How is you day going?It's another edition of DAILY CRYPTOS PRICE UPDATE.Today: 1/1/2020HAPPY NEW YEAR!The market is getting bad little by little with nothing to wage the wave of bearishness.The market is down by -0.40% in the past 24 hours.I...

Analysis 01/01/2020 : CRYPTOCURRENCY MARKET & NEW FORECASTS

1 Jan 2020 1 minute read 0 comments Digital Asset Culture - YouTube Channel - France

Good day dear Crypto Investors, Crypto enthusiasts of any cryptocurrency,    At the moment, the coin market cap is stabilizing and ranging. According to me , there is a likelihood that Bitcoin will come back to 5500 dollars, and maybe even to 3390 do...