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.


The Future Is Soon Here - Satoshi Chain Important Information (Smart Contracts On Bitcoin Chain), Secure Your BTCs (Bitcoin Satoshi) Tokens While You Can Get Them For FREE!

26 May 2022 5 minute read 0 comments ralleeee12

Satoshi Chain, Enables Smart Contracts On Bitcoin Chain (DeFi, NFTs,DAO etc...)   One of the headlines for me in crypto this year is Satoshi Chain which I have written about before to a few times. Smart contract activation upon Bitcoins chain is some...

Difficult But Rewarding BTC Savings Experiment

26 May 2022 2 minute read 1 comment R23

  I was formulating ways to increase the amount of Bitcoin I was able to stack and came to a spending conclusion that could prove to be quite rewarding over a long stretch... Though difficult. The Idea Well basically, I was thinking that if I we...

26 May: Positive Regulatory Signs

26 May 2022 5 minute read 2 comments TheCryptoCurator

“Victory is in having done your best. If you've done your best, you've won.”-Billy Bowerman --NO TAX ON CRYPTO PROFITS!-- Welcome to Thursday folks! While there are a lot of things going on, there isn't anything that is just screaming big news. That...

my crypto journey #92 | Profit $22,814 | Hex Earned 62,416 (Video Only)

26 May 2022 1 minute read 0 comments Sienzuf

How I earn passive income with Hex   I Staked 250,000+ Hex for 3 Years.  I will provide videos on my Hex Crypto Journey: Discuss the Hex Stake PulseChain Update Promotional stuff, Q&A or News *** Mobile APP *** If you are using a mobile device ch...

DeSci: Decentralized Science as Our Chance to Recover the Real Science

26 May 2022 13 minute read 0 comments alexbiojs

(The headline image was composed by me with the help of the hedgehog and fog images. Pixabay) Our modern science is damaged by the «sickness» caused by centralization and our monetary system. For us to have real science, we need to redesign the cont...

Tether changes its reserves amid storm of criticism

26 May 2022 1 minute read 0 comments Stormgain

The collapse of Terra's UST project has led many to reassess the value of other similar stablecoins. Well before this recent crisis, Tether's USDT had already come under fire on account of its not keeping its promises regarding the composition of its...

Great Accumulation Period For the Internet Computer (ICP) Coin

26 May 2022 1 minute read 0 comments Bitcoin Renegade

Great Accumulation Period For the Internet Computer (ICP) Coin! When is the best time to accumulate The Internet Computer Crypto Coin Icp. Well that is an interesting question to ask and I think to best answer that we have to look at what kind of cry...

Being the Tortoise

26 May 2022 2 minute read 0 comments onewolfe

If I am anything in the Crypto world it is probably a tortoise.     I say that in reference to the old tale of the Tortoise and the Hare. Now, I'm not saying that I am going to win the race, more so just that I move slow, though I have done considera...

Torum: Crypto's Social Media

26 May 2022 1 minute read 0 comments DeeCentralized

The adoption of a new system, product, or platform comes when users are educated about it. Educated users make better decisions, resulting in better experiences. Better experiences result in more word of mouth referrals, which happens to be one of th...

🍞 Saturday April 30 - 2022 🍞 @D.Y.O.R.

26 May 2022 1 minute read 0 comments 🍞SurDegen🍞

🍞 Dear Diary 🍞 It’s a jungle out there with banks… wow Who to trust? Found a Pancake restaurant today, with syrup it just… I don’t know You drain your self on saliva when you look at that. I have to make some kind of research and put it on paper to...