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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.

Compass Mining forced to close facility due to unpaid electricity bills

29 Jun 2022 1 minute read 0 comments Patch

The crypto mining sector has been hit hard in the last couple of months, both by the current state of the market and the increasing electric costs. And it is looking like it has started to claim some victims. Dynamics Mining terminate its contract w...

If you must; take profits while you can.

29 Jun 2022 2 minute read 1 comment Dzoelx

I’m not a fan of meme coins or “moonboys’ projects”, but the perseverance to watch an investment go from a few thousand to hundreds of thousands is commendable. Cooling off and watching your investment go from hundreds of thousands to any further le...

Polkadot - Day Chart - My Current Plan

29 Jun 2022 1 minute read 0 comments Blue Face

Hey folks. I hope you are doing well. This is my Current plan on Polkadot. On the Day Chart above I have listed my current current Plan of Action, with my first Long Entry at or near $6.78, give or take either way, and my second entry at or near $5....

Decentr Browser

29 Jun 2022 1 minute read 3 comments High-Hrothgar

I just recently switched from Brave to Decentr Browser and will be looking at various features and rewards. Decentr has a similar chrome feel to it as Brave with some slight differences in UI. Decentr rewards you for browsing the web and drops the re...

API3: Connecting the world in a subtle and pleasant way

29 Jun 2022 3 minute read 0 comments Eddyc

  Greetings Friends; Connection is a word that predates the famous and feared Singularity a word and a concept that according to Elon Musk the world will become more connected taking the planet to another level. Can we encompass these advances in We...

The Ambire Guide to Arbitrum Odyssey: Week 2 Tasks + Claiming Week 1 NFTs

28 Jun 2022 3 minute read 1 comment AlpinaBG

A crypto user’s handbook for exploring the Arbitrum ecosystem and winning exclusive NFTs — Part 2 — Hi there, Ambirenauts 🧑🏽‍🚀 We’ve seen an eventful first week in the Arbitrum Odyssey 🔥 And it’s also going to be a rewarding first week for those who...

CoinFLEX Comes Clean About Who Owes Them $47 Million

28 Jun 2022 3 minute read 0 comments Cje95

While crypto companies pausing withdrawals is something which has occurred across several platforms the way that these companies have gone about addressing the issues they are facing tends to differ.  Unlike other companies that are having liquidity...

Seth Blockchain or Phantome peer-to-peer Network

28 Jun 2022 2 minute read 0 comments Futurists Society

SB-peer-to-peer Seth Blockchain or Phantom peer-to-peer Network   Our Peer-to-peer nodes are servers and clients at the same time based on a switch on, switch off and stand-by status made by the decision tree. While the client socket has got stuff co...

Modern Economic Nonsense — What if the Fed gets inflation all wrong

28 Jun 2022 7 minute read 1 comment xuanling11

Join BitDAO to earn a $BIT token here There's a lot of news about the Fed getting inflation wrong, but what if they really are wrong 😱? People should be asking themselves as the Fed begins its new meeting cycle. The central bank raised interest rat...

Crypto incoherencies: Chapter Pi

28 Jun 2022 9 minute read 4 comments enriquemuley

Hello, PublishOx community!  This is my first article, despite the fact that I have been participating in this platform for three years, and that I was approved for my application as a writer some time ago.My idea of using PublishOx to write articles...