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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.


5 May 2019 5 minute read 0 comments Lekato

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4 May 2019 1 minute read 0 comments Kazi Tofael

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2 May 2019 1 minute read 0 comments MAJLAT-5317

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2 May 2019 3 minute read 0 comments Lekato

The global adoption of crypto-currency has been questioned by elites in the world as a result of lack of good crypto-currency exchange. Before the general adoption of crypto-currency there is need for provision of crypto-currency exchange whereby use...

Why Gofind XR Token - Infographic

2 May 2019 1 minute read 0 comments basicnecromancycr

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2 May 2019 1 minute read 20 comments charlesfuchs

What up STACKERS! One of my "crypto friends" just shared with me a new free crypto mobile app called the PI Network. 📲 So what is the PI Network? Pi is a mobile cryptocurrency and smart contracts platform that is secured, owned and operated by everyd...

CoinCasso: An Innovative Crypto Exchange

1 May 2019 1 minute read 0 comments basicnecromancycr

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1 May 2019 1 minute read 2 comments Haiaty

Trying to visit the website: i see this:   What happened to the platform? Is the platform under a hacker attack? Was it closed? I tried to find some answers but i can't find anywhere. Do someone have any info on this...

Stellar on coinbase

1 May 2019 1 minute read 0 comments Blurryface I invite you all to take the stellar quiz on coinbase you get 2 dollars in stellar for every correct answer which is about 20 stellar and after 5 short quizzes and I do mean short you can earn 10 dollars...

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1 May 2019 1 minute read 0 comments MAJLAT-5317

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