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.


Content Creation: A New Model for all!

17 Jan 2020 2 minute read 0 comments bitsavage

  Ever since the transition from 35mm film to digital content the “Pandora’s BOX” of consumable content has been peeled wide open. Platforms like MySpace, Facebook, YouTube and LinkedIN have all taken a unique approach to allow seamless connectivity...

Crypto Income #5 VeChain

17 Jan 2020 1 minute read 1 comment knohen

Hello again in my Crypto Income series. This time I will take a closer look at a crypto platform again. This is a project I almost forgot about, because at some point I haven’t gotten much more information about it, so I thought that this will be ano...

Video: The Progression Of Cryptocurrency

17 Jan 2020 1 minute read 2 comments G4G Crypto Training

How Close Are We To Mass Adoption And Crypto Going Mainstream?    In this video, Justin will help you understand the broad overview of how crypto and blockchain needs to advance in order to be used in everyday life. From the perspective of the: Inves...

Weekly Report 2020 January #3

17 Jan 2020 3 minute read 0 comments v.systems

In this weekly report (3rd Week of January 2020): Huobi Pool has commenced a double airdrop event to reward all the VSYS users that stake with them.Tachyon Protocol official site has been upgraded. You can now download the Alpha Version Of Tachyon VP...

CHAI: An Interest Bearing Meta-Stablecoin (Dai + Interest + Spendable + Gasless)

17 Jan 2020 4 minute read 8 comments rhyzom

CHAI is an ERC-20 which wraps DAI + Maker's Dai Savings Rate (DSR). DSR is a newly added feature that came with Multi-Collateral Dai (MCD) and constitutes a mechanism for the Maker DAO to have some control on the demand side of the supply and demand...

About Music..

17 Jan 2020 1 minute read 6 comments Solar Phasing

Hey music friends,   Music is a fascinating thing, a magical thing. Something visceral, vital. I spend my life listening music, composing music, playing music, experimenting with music. Today science don't know so much about music and its effects...

Tom Lee Calls For 100% Bitcoin Returns #470

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

Lee claims that Bitcoin will shine largely in part to increase geopolitical risk, notably a potential war looming between the US and Iran, and the fact that nearly all global economies are hanging by a thread, printing money to only further put off...

Ethereum can fuel a trillion-dollar finance market: Does it have the potential to do it?

17 Jan 2020 1 minute read 0 comments Tokenhell.com

The world’s second-ranked digital asset Ethereum has been trading in the bearish zone but it has the potential to fuel a trillion-dollar finance market. Ethereum condition was the same in the year 2017 and the price value of the coin lifted up after...

Why I love Ripple, despite it's drawbacks

17 Jan 2020 1 minute read 2 comments MadMaxx

Ripple is very controversial. It's centralised. It's surprising low cost. And it's creator also created Stellar and holds half of the ripple that will ever be created in a private wallet  Needless to say, Ripple has IRS own fair share of controversie...

Is it still profitable to mine Crypto in 2020?

17 Jan 2020 1 minute read 4 comments MadMaxx

Mining has been the in thing since bitcoin. And for good reason. It's (theoretically) a way to get money for free. I say theoretically because that money can and will be eaten up by electricity costs, hardware deterioration costs and the fact that yo...