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.


Is iEx.ec (RLC) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

27 Dec 2019 7 minute read 8 comments CryptoBoomer

iEx.ec is a decentralized cloud computing project built on top of Ethereum public blockchain. The vision is to aid resource-hungry dApps (decentralized applications) through iEx.ec’s unique technology. Through iEx.ec, developers can get computing po...

Curation Reward in Steem- A curator can earn 100% of the upvote value(or even more) as curation reward with proper strategy

27 Dec 2019 4 minute read 2 comments milaan

In Steem, it is possible to get 100% of the upvote value as curation reward or even more. It is still possible to get 100% of the upvote value as curation reward(or even more) if you vote inside the reverse auction window. The reverse auction window...

Is the Halving Priced in? An anlaysis

27 Dec 2019 4 minute read 0 comments Bmcward

Is the Halving priced in? An analysis  Written by: Brandon M. First I would like to thank you for reading this article. I hope to spark cordial discussion and I look forward to everyone's constructive criticism.  In this article I am discussing the...

Google Banned Ethereum Wallet Dapp MetaMask.

27 Dec 2019 1 minute read 3 comments cryptoscity

  Google has banned Ethereum (ETH) wallet and decentralized app (DApp) browser Metamask’s android client from its Play app store. The MetaMask team took to Twitter on Dec. 26, where they announced that Google had suspended MetaMask’s android clien...

My First YouTube Guidelines Strike Warning - 13 Videos GONE - Honest Mistake or Targeted Attack?

27 Dec 2019 1 minute read 0 comments Save It Clint

Hey everyone! Sunday December 22nd 2019 my channel became a victim of the massive YouTube purge that targeted many channels with crypto-related content. Being a small channel, I was shocked that I even landed on the radar, but part of me was expectin...

Cryptocurrencies, Lies and Videos: Censorship in online video services Vs Blockchain & Cryptocurrencies

27 Dec 2019 3 minute read 0 comments pedrobrito2004

The title is a very obvious reference to the movie Sex, Lies and Videotape, I know it can be a beaten resource, but I liked how it looked when I tried to address the issue and I decided in the end to keep it. Source   A little preamble I was revie...

I traded without a plan for 18 hours

26 Dec 2019 1 minute read 2 comments MadMaxx

Tip this post if you like it! So I went against my golden rule. I did all I wasn't supposed to. I traded without a plan. I just followed my gut on all the trades I made. I didn't even look at the charts.  Just a price alert app. And that was all. How...

Cent- Social Media Based in Blockchain [Ethereum]

26 Dec 2019 2 minute read 2 comments the01crow

    Cent is a content creation platform where it encourages interaction between users, there are dynamics where users create as contests or ask to do tasks, comments, usually give the prize to the best 5 or 3 users, depending on the number o...

Bahamas is planning their own Digital Currency.

26 Dec 2019 1 minute read 0 comments alberdioni8406

Many Central Banks around the world are planning to issue a digital coin and almost 18 Central Banks showed publicly that there are really moves in the direction to create a CBDC. The Central Bank of Bahamas will conduct a pilot phase of their digit...

Happy Holidays from Cryptotask! Also the launch date of their freelancing platform is...

26 Dec 2019 1 minute read 0 comments pheonixdown-dee

Everyone at CryptoTask would like to wish everyone a happy holiday! Hopefully you have had an amazing festive season with family and friends. As of today, December 26th, 2019 Cryptotask has let their community know that they will be launching their p...