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.


Abyss Finance(ABYSS): Delivering Solutions and Options for Society

20 May 2022 3 minute read 1 comment Eddyc

Greetings Friends; There are two derivative segments that have been gaining ground in recent years; DeFi and GameFI both follow the same line of reasoning, which in this case is decentralized finance without any interference from financial or admini...

Don't make my mistakes if you can avoid it

19 May 2022 3 minute read 1 comment The Crazy Dude

Hey, I'm here again! Yes, the crazy dude who writes stuff on the internet! So for you don't make my mistakes if you can avoid it I will start by telling you that Bitcoin may not have bottomed according to the most bearish forecasts. If these predic...

Kromatika — Celer AMA Recap

19 May 2022 7 minute read 0 comments Kromatika

On February 17th, 2022, our co-founder Aristokrates joined in an AMA on Celer Network's official Telegram channel to give fruitful information about the key features and roadmap of Kromatika, alongside announcing the additional liquidity farming rewa...

Should I Buy Internet Computer Protocol (Icp) at this Price

19 May 2022 1 minute read 2 comments Bitcoin Renegade

Should I Buy Internet Computer Protocol (Icp) at this Price? This is the very question that makes me sleep well at night. I know that getting into a web 3 Layer 1 Blockchain at this price is a genius move on my part and after the Bitcoin integration...

Stoic Wallet Adds NFT's by Default Now!

19 May 2022 1 minute read 0 comments Bitcoin Renegade

Stoic Wallet Adds NFT's by Default Now! Awesome news now mobile icp wallet users using Stoic wallet have NFT's added by default which means now you can see your NFT's without adding the cannister ID which can be difficult to locate. Now it joins plug...

🍞 Wednesday May 18 - 2022 🍞

19 May 2022 1 minute read 0 comments 🍞SurDegen🍞

🍞 Dear Diary 🍞 I don’t know where to start! Its pretty amazing to se how families reunite when they have built bridges that connects the islands. I don’t know why it always happens in catastrophic situations that you start to reach out to family. I s...

Nexus Metrics - May 19th, 2022

19 May 2022 1 minute read 0 comments Mandacm

Hello, Nexus community! I am finally back and getting into the swing of metrics updates for some of my favorite blockchains. This time, it won’t simply be blockchain metrics - but also some general community updates as well of what Nexus has been wor...

Kava Network $250,000 Giveaway!

19 May 2022 1 minute read 4 comments DeeCentralized

Despite the harsh conditions of the Crypto market in recent months, projects in the cryptosphere continue to forge ahead. One project in particular has their community buzzing with excitement with it's upcoming mainnet launch. Kava Network, a layer o...

🍞 Thursday April 14 - 2022 🍞

19 May 2022 1 minute read 0 comments 🍞SurDegen🍞

🍞 Dear Diary 🍞 I keep getting notices about package coming to the postoffice and they taking up the space so they want me to get there asp. Guess I have bad signal right now again.  I don’t really have control anymore on what t shirt I got and not....

🍞 Wednesday April 13 - 2022 🍞

19 May 2022 1 minute read 0 comments 🍞SurDegen🍞

🍞 Dear Diary 🍞 There is very interesting with whisky I must say, you put something in a barrel and then you tap it up years later and its worth a lot of money and you can change personality.  I get dizzy drinking it, telling jokes all the time, I thi...