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.


Liquidation risk free DOT loans using your cDOT assets as collateral in Parallel Finance

28 Jun 2022 3 minute read 0 comments Greenchic

Now it’s possible to avail DOT loans that are free from the risks of in Parallel Finance   cDOT assets finds more capital efficient utility in Parallel Finance Wondering what’s that diamond mark besides the cDOT assets, then read on!! Parallel...

CoinW Debuts at Crypto Expo Asia 2022. Globalization Strategy Keeps Speeding Up!

28 Jun 2022 1 minute read 0 comments CoinW Exchange

Since 2022, CoinW (www.coinw.com), the world’s leading cryptocurrency exchange, has been frequently appearing in some international crypto expos, actively developing the global market with its superb brand strength. Recently, CoinW was invite...

Borderless Dev Hub: The beginning of new episode in African tech space

28 Jun 2022 3 minute read 0 comments Crypto Smart

Crypto Smart partners with Comsotech to begin the Borderless Dev Hub cipher developers’ program. Blockchain technology has become wider than it was when bitcoin was launched in 2009. The still developing technology is even wider than what it was 10ye...

GetBlock x DigiByte AMA Session | AskMeAnything

28 Jun 2022 3 minute read 0 comments GetBlock

Recently, on the 8th of June, GetBlock had a Reddit AMA session held by the DigiByte Awareness Team. Every member of the DigiByte community had a chance to find out more about the GetBlock service and ask any questions about it. So here’s a written R...

Top NFT/Crypto Safety Software to Protect Your Wallets

28 Jun 2022 1 minute read 0 comments TheNiftyRevolution

1 . Revoke.cash THE WHAT? Revoke Cash is a program that allows you to monitor and revoke active token allowances for any of the tokens in your cryptocurrency wallet Why Should You Use Revoke Cash As more individuals use dApps, they gain more app...

Major supporter of the world-class fighting championship, CoinW, witnessed the new champion of Kunlun Fight!

28 Jun 2022 3 minute read 0 comments CoinW Exchange

The Madinat Arena in Dubai was packed to the rafters at the night of June 25, 2022, as thousands of Kunlun Fight fans gathered to witness the most intense night of combat in the history of the Kunlun Fight. Sponsored by CoinW, the world’s lead...

Anonymous announces they will now go after Do Kwon in an attempt to shine light on all his crimes

28 Jun 2022 1 minute read 12 comments Patch

Anonymous the hacking collective that has become the modern boogyman for the rich and powerful has in a new video announced that they are now targeting Do Kwon of UST and LUNA "fame". What does it mean to have Anonymous come after you? In short, I w...

People are stocking up on Bitcoin during the Bear Market like it was toilet paper during the pandemic

28 Jun 2022 1 minute read 5 comments Patch

The recent Bear Market has had a huge impact on crypto prices across the board. And this being my first even bear market I have spent most of it just trying to read up on what is what and looking at everything with those big eyes kids have when they...

3AC is Served

28 Jun 2022 3 minute read 0 comments Cje95

By now I am pretty sure we all knew that it was only a matter of time before 3AC issues were going to officially be public. Really up until today, there was always an off chance that they could have been saved somehow by someone and dodged the prover...

ETH - My Investing Strategy

28 Jun 2022 1 minute read 1 comment Blue Face

Hey folks. I hope you are doing well. This is my Current plan on Bitcoin. I would like to state that I'm very Bullish on Ethereum (ETH) on the long term. I believe it is a no brainer and a great asset to build long term wealth. And I plan to Dollar C...