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.


What is unique about DISC's POC consensus mechanism?

30 Dec 2019 3 minute read 0 comments Diskcoin

Because of the existence of consensus, human beings can collaborate on a large scale. In recent years, participants in digital currencies are increasing precisely because of the existence of consensus. In the world of digital currency, consensus can...

List of YouTubers that were banned temporarily (and hence are must follows)

30 Dec 2019 1 minute read 2 comments 0xgult

Around Christmas time, a bunch of YouTubers who mostly create and promote only positive and informational Crypto content were either suddenly banned or had a bunch of their videos taken down. Some of these people's livelihood depended on their YouTub...

Get the Payout report of a Steem user for any period you specify in Steem Blockchain.

30 Dec 2019 1 minute read 0 comments milaan

You can check the customized payout report of a Steem user for any period that you specify. Just use this tool, enter the Steem username, enter the period for which you want to check the earning of a Steem user. You can customize this earning report...

Insights with Cartesi’s Advisor — Serguei Popov (Co-Founder of IOTA)

30 Dec 2019 6 minute read 2 comments Cartesi

  Recently we held an exclusive interview with our advisor, Serguei Popov. Serguei is a research mathematician working in the field of Probability Theory and Stochastic Processes. He graduated from and attained his Ph.D. at Moscow State University an...

The Russian central bank is testing the stablecoins within the perimeter provided by a specific sandbox

30 Dec 2019 2 minute read 0 comments Roberto D.

There is nothing to do, being behind the institutions of the various countries when it comes to cryptocurrencies is practically impossible; in fact, almost all governments go from timid openings to total closure within a few weeks, only to return to...

Cryptos Market Today

29 Dec 2019 1 minute read 0 comments Daniella Blog

Hello peeps,How are you doing!It's another wonderful bull run on the cryptos market as most of the top 100 cryptos gain in prices or values.Earlier this month, the bearish period was doing the cryptos more harm than good by reducing their prices and...

Most IEOs of 2019 are Down in the Red

29 Dec 2019 1 minute read 0 comments BTCparadise

Initial Exchange Offerings (IEOs) were the buzz of 2019. But with the latest data from BitMex, it shows almost all the IEOs are down significantly. IEO Investment Return Since The First Exchange Traded Price Source: BitMex 6 of these were offered on...

One Big “OOPS” — YouTube Kills Crypto Channels By Accident…

29 Dec 2019 1 minute read 1 comment The Global Crypto Press Association

*UPDATE: The theory we outlined here turned out to be correct! Details at the end of article. That headline isn’t just to grab your attention, I mean it — and somebody at YouTube deserves to lose their job. If you haven’t heard, YouTube, out of nowhe...

The European Central Bank (ECB) Announces Proof-of-Concept for EUROchain Distributed Ledger

29 Dec 2019 1 minute read 1 comment Cryptos.com

FRANKFURT – The European Central Bank (ECB) is announcing an in-house blockchain platform called EUROchain, being developed by R3 and Accenture, and it will also act as the distributed ledger supporting Eurozone’s own digital currency.  The fourth is...

Let's look at crypto for 2019(part 1)

29 Dec 2019 1 minute read 0 comments MadMaxx

Tip this post if you enjoy it! The year is rounding up, and in a few days, Father Time will deal a hard blow to 2019, sending the year, and decade into oblivion. This will usher in a new year, as well as a new decade, which will be important for thos...