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.


Short cryptonews for this week 20/52 (2022)

21 May 2022 1 minute read 2 comments Pasucaru

- In recent days, ETH has slightly outperformed BTC: Bitcoin is falling towards $29,000, while Ethereum is close to the $2,000 mark. - Despite China's mining ban dropping the country's share to zero, the country is back among the biggest miners, in s...

How COS.TV change my mind & world

21 May 2022 1 minute read 0 comments Myth

I found this video platform in 2020 I was running away from YouTube by losing the right to my videos due to copyright or because the privacy policy didn't like it. I think it was triggered when I uploaded a video from Snaptube, an app for downloading...

This Week's NASDAQ Market Losses Tops Bitcoin's...

21 May 2022 2 minute read 0 comments The Global Crypto Press Association

[GlobalCryptoPress] The market's anxieties about the impact of inflation on the economy were heightened this week by the quarterly results of major retail chains, which showed smaller earnings than expected. This uncertainty was mirrored not only in...

Crypto VC Thoughts: The Death of Terra

21 May 2022 4 minute read 0 comments xuanling11

Join BitDAO to earn a $BIT token here If you witnessed how the Terra collapsed, it would be similar to any Defi projects. So it is unsustainable if you really take a deep look at Defi projects and their founders/creators.   What Luna did is similar...

Elon Musk in Brazil

21 May 2022 1 minute read 0 comments IIIGARDEIII

  South African businessman Elon Musk came to Brazil to meet with President Jair Bolsonaro, politicians and businessmen. So far, a partnership has been announced with Starlink, a company that is part of SpaceX (space company) and offers broadband in...

Ethereum will flip Bitcoin. But when?

21 May 2022 3 minute read 3 comments Dzoelx

Every cryptocurrency investor shares the random thought of bitcoin getting ousted. The oldest cryptocurrency and blockchain has spent its whole years of existence on top of the charts. Dominating a fast-growing space and pioneering tremendous develo...

The New DOT Com

21 May 2022 1 minute read 0 comments DeeCentralized

While most of the population try to grasp the importance of blockchain technology, the crypto community is already working on the next big thing. Web3, hoped to be an innovative, decentralized, and tokenized version of the world wide web, is the new...

🍞 Monday April 18 - 2022 🍞 @Coldwallets

20 May 2022 1 minute read 0 comments 🍞SurDegen🍞

🍞 Dear Diary 🍞 Can’t stop wonder about how to store your salary if I don’t have a bank? And even if I hide my cash good I guess that ghost with that ax won’t stop him from finding them.  But anyway … away from the bank first.. I found a thing called...

🍞 Sunday April 17 - 2022 🍞 @Coldwallets

20 May 2022 1 minute read 0 comments 🍞SurDegen🍞

🍞 Dear Diary 🍞 There’s been a lot of talk lately about be your own bank and I have to look into that! There is a lot of problem with banks, they won’t let people use their credit card in some stores with no reason. They ask me where I got their mone...

🍞 Saturday April 16 - 2022 🍞 @HeadsInJars

20 May 2022 1 minute read 0 comments 🍞SurDegen🍞

🍞 Dear Diary 🍞 Sometimes it feels so lonely even that Brian never shut up, I asked for advised how to book a hotel in Paris France and I got no answer…. NO ANSWER AT ALL. Is there even a place called France? Or is it Parisland?  And Brian just laugh...