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.


Aussie Digital |e-Commerce On BlockChain|

1 Apr 2019 2 minute read 0 comments InsidersCrypto

Cryptocurrencies combined with blockchain have a lot to offer when it comes to e-commerce. Many projects are already offering their coins/tokens as the primary payment plug-ins with existing hosted platforms. Apart from the transactional fee charged...

ByteHub Wallet - Daily Dividends for Stake BHT

1 Apr 2019 1 minute read 0 comments hashin

When you sign up Byte hub wallet, you will get 20 scroll chance for lucky draw. You can get BTC, ETH, BHT, CMT rewards... Plus, when you get BHT tokens, you can locked them and get daily dividends. Amazing... Join now: https://bit.ly/2TP1Nb8

BitRabbit and BunnyPub - For Free

29 Mar 2019 1 minute read 3 comments godlovermel25

Good Day!!! Few days ago, I've been doing this new way to earn free token through blogging and social interactions and this is through this two platform named BitRabbit and BunnyPub in which both of them are related to each other. First of all, I wil...

We are back! 3 Days left to vote for round 9!

25 Mar 2019 1 minute read 0 comments CryptoFallen

Dear users of Axonomy:   Thank you for the long wait. It’s been awhile since the 8th round. Now we are back, bringing you the 9th round, which is from 20th to 27th  March.    Go to Axonomy app (available on Apple & google play store) www.axonomy.pro...

The Last Broadcast

24 Mar 2019 1 minute read 0 comments kennbmondo

Transmission Complete. Please do us a generous BNTY and a follow. New art and photography daily.

Publish0x, Where you get paid for writing and reading.

23 Mar 2019 4 minute read 5 comments Tinewton

Blockchain social media platforms have come a long way, people are always looking out for that platform that suits them, some people just want to blog and earn without investing any money, some just want to supplement on their income with some great...

GOOREO - SECURING A BETTER JOB FOR STUDENT AND FREELANCERS

21 Mar 2019 4 minute read 1 comment Lekato

GOOREO - SECURING A BETTER JOB FOR STUDENT AND FREELANCERS INTRODUCTION Wіthіn thе rесеnt уеаrѕ, dесеntrаlіzеd tесhnоlоgу whісh іѕ knоwn tо bе thе blосkсhаіn tесhnоlоgу hаѕ ѕhоwn tо bе thе ѕсіеnсе thаt will сhаngе the ѕtаtuѕ-ԛuо оf things in...

Youth empowerment

20 Mar 2019 1 minute read 0 comments Blessed

In Nigeria today, if our president can sit down and monitor what's going on in this country he will see that Nigerian as a whole is missing out big time, why did I say so. Come to look at it, in Nigerian we have a lot of young men out there "the yout...

BCNEX - BLOCKCHAIN TRADING PLATFORM WITH GREAT FEATURE

18 Mar 2019 3 minute read 1 comment Lekato

After the launch of an internet, digital-currency and the great blockchain technology behind it has been tipped to be the next big thing that will ever happen to human. This blockchain technology has been projected to have more impact in financial se...

Predicting the future

17 Mar 2019 1 minute read 0 comments Blessed

Hello friends, talking about the country today I see a lot of changes everywhere. The country today come to look at it, things are happening everywhere it's more like the world is about to come to an end. Talking about the world we're now in the days...