Blockchain

38,924 Articles 298 Followers

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.


❇️ UPTRENND: START EARNING CRYPTO (1 UP TOKENS) BY POSTING YOUR CONTENT!

15 Jan 2020 1 minute read 0 comments charlesfuchs

As you guys know, I'm a huge fan for non censorship social media websites such as Publish0X, LBRY and Steemit. With many people getting censored on Facebook and YouTube, the demand for these types of websites are going to grow exponentially in the ne...

Coinmarketcap 14/01/2020

15 Jan 2020 1 minute read 0 comments sevillaespino

Today has been the second working day of the week in the crypto market, let's see what has been the behavior of the crypto market for today. Today's market for the second day in a row is higher than yesterday's due to the "7.10%" rise in the market...

Interviewing Kingsley Edwards From Flote

15 Jan 2020 1 minute read 10 comments Scott Cunningham

I recently had the chance to discuss Flote with Kingsley Edwards who is the CEO there to discuss the platform and what they have going on. Check it out! Flote is a community-driven social network focused on user privacy & monetization. It has no algo...

Is FunFair (FUN) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

15 Jan 2020 7 minute read 2 comments CryptoBoomer

Trying to do different things in the crypto world is considered hard to do. Many crypto traders often try to find the next “all-in-one” dApp solution after Ethereum. The problem is, when everybody else is doing the exact same thing, it’s very hard f...

BATMINE THE BEST BITCOIN MINING COMPANY INVESTMENT IN EUROPE

15 Jan 2020 1 minute read 0 comments kibitex

  BatMine will open a professionally built and operated crypto mining center in the European Union with the fastest hash power and lowest electricity rates available. This jurisdiction was chosen for its safe environment, an abundance of low cost gr...

How Has Steem Impacted My Life

15 Jan 2020 2 minute read 0 comments nachomolina

Image owned by @nachomolina   How has Steemit impacted my life?   "I think it's easy for me to remember how Steem impacted my life and my habits, in front of the computer, during the last year and 10 months. It is an experience that I have marked...

Review of the Gekkoscience SHA256 NEWPAC Stick Miner

15 Jan 2020 2 minute read 5 comments AverageVancouverite

The Gekkoscience SHA256 NEWPAC Stick Miner Specs: Algorithm: SHA256 (Coins Mined: Bitcoin, BitcoinCash, Peercoin, etc.) Hashrate: 23 GH/s Stock (Though it can be set to 90+ GH/s according to the website) Chip: 2 x 16nm Bitmain BM1387 chips Power use...

I traded using only the news for 18 hours.

15 Jan 2020 1 minute read 0 comments MadMaxx

Tip this post if you like it! [My exchange of choice for this experiment was Binance.] If you're a follower of the Psycho Crypto Blog, you'd know how much I love reading crypto news. I'm a technical trader(I use technical analysis to guage my trading...

From the coast of El Salvador an example of bitcoin adoption and circular economy in the local population

15 Jan 2020 3 minute read 2 comments Roberto D.

I want to tell you about an article by Colin Harper published on BitcoinMagazine.Com. Colin Harper's story concerns an American citizen, Michael Peterson, who 14 years ago decided, by virtue of his love for surfing, to move with his partner to El Sal...

LOYALTY PROGRAMS: TRADITIONAL OR BLOCKCHAIN?

15 Jan 2020 5 minute read 1 comment G4G Crypto Training

I recently had a discussion about blockchain based loyalty programs with a local business owner.  He was considering the idea of adopting this new technology into his business.  It got me thinking:  Should other small businesses consider using...