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.


#WhatIsAdshares Contest and Giveaway - $1,200 in $ETH + $300 in $ADS Prize Pool!

26 Nov 2021 5 minute read 70 comments igort

A new contest is upon us. And one that for me personally is interesting, as my background is in marketing, I value crypto and it's decentralized nature, and Publish0x is using AdShares, the decentralized advertising platform that this contest is all...

#JETNFT Contest and Giveaway - $1,200 in $ETH Rewards!

20 Dec 2021 4 minute read 108 comments igort

Woohoo, a new contest is upon us for this festive season. It's a unique, fun contest focused on a solution that is a digital fuel that gives fans a unique opportunity to benefit from their favorite talents, leveraging Jetcoin’s interactive multimedia...

How to Spot Long-Term Winners in Crypto: 3 Examples

11 Jun 2021 6 minute read 41 comments Brawnd0

First off, you have to be mindful of 3 things: Great minds are consistent at their craft.  Great minds are recognized by other great minds.  Sooner or later, great minds attract capital, and those who recognize them early get rewarded. In this arti...

How to Live on Crypto: Pay Bills

28 May 2021 1 minute read 62 comments TheDesertLynx

Hi, and welcome back for the final installment of this first run of how to live on crypto. Today I’m going to try to show you how to pay your bills using cryptocurrency. This is the most difficult part of living on crypto. If you can’t do it where y...

Bitcoin: The Secret Game That's Being Played

7 Jun 2021 6 minute read 27 comments johnwege

There has been a lot of discussion throughout the years about how much bitcoin is actually enough; or how much do you actually need to have.  This is where the debate comes in.  Naturally when the price of bitcoin was cheaper; the accumulation goal o...

Set & Forget Ways To Earn Passive BTC

10 Jun 2021 3 minute read 48 comments Sapphire

Passive Is BestWhen prices drop, the best thing to do is to have passive mechanisms earning you BTC. There is something that many people seem to overlook when it comes to earning additional BTC and that is that this is not liveable or instantly meani...

Yield Farming Explained

30 May 2021 4 minute read 17 comments Gongo

Yield farming is the wild west of Decentralized Finance (DeFi).  Here, farmers compete to get a chance to "farm" the best "crops".  It's a way to essentially make more crypto with your crypto.  It involves lending your assets to others via smart con...

Platforms You Need To Be Utilizing When Crypto Dumps!

22 Jun 2021 3 minute read 6 comments Sapphire

A Guarantee That Markets Will Always Dump I know that a lot of news outlets like to exaggerate bearish trends within the Crypto space, while choose to be moderately silent when it comes to housing bubbles and other market crashes. The reality is that...

The Reasons For The Growth Of The Cryptocurrency Rates

13 Mar 2022 5 minute read 27 comments StealthEX

Despite the instability that reigns in the financial markets, the Bitcoin community rallied in the face of the crisis. “This happened because of the war, the decreased correlation of crypto with traditional finance, the acceptance of Bitcoin in the w...

3 ways to easily move funds from one chain to another

1 Jun 2021 4 minute read 14 comments CryptoSorted

One challenge that comes with using multiple smart contracts chains is how to move funds from one chain to another, especially if you don't want to use a centralized exchange. In this post, I will be sharing with you the various ways I use to move fu...