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.


How Miami is Becoming a World Hub for Blockchain

17 Nov 2021 2 minute read 4 comments Zacharias

16 November 2021: Miami Mayor Francis Suarez hasn't backed down from his enthusiasm for cryptocurrencies or blockchain in the slightest. His ambition vision for the city of Miami in the United States has led to numerous blockchain startups flocking t...

UK to embrace stablecoin as EU introduces crypto regulation and US makes $34 million crypto bust

5 Apr 2022 4 minute read 8 comments I-HODL

So guys, while the European Union was introducing more stringent regulation at the end of March aimed at clamping down on anonymous cryptocurrency transactions in its member economies, the United Kingdom was putting in its bid to be the hub for innov...

Bitcoin Takes Leap Forward with Taproot Upgrade

18 Nov 2021 2 minute read 1 comment Zacharias

17 November 2021:  This past weekend, Taproot was officially integrated into the Bitcoin network, enabling the ability to utilize smart contracts with actual efficiency. This move will further push Bitcoin in enhancing privacy, security, and scalabil...

Here’s how you can get back your spent cryptocurrencies!

31 Jan 2022 2 minute read 6 comments Dzoelx

Alright, I’ll make two guesses; first, you’ve surely spent a whole lot of cryptocurrencies and smart contract tokens and you’d love to have some or all of them back again. Now I don’t just mean transaction fees. I’m personally bad at guessing, but e...

What Elon Musk’s Twitter could mean for the crypto community.

2 May 2022 4 minute read 9 comments Dzoelx

Despite being the richest person on earth currently; Elon Musk is best known to the cryptocurrency community as the biggest dogeCoin influencer; a proper moon overlord…and maybe a meme connoisseur. That SNL session may go down as one of his most pop...

Opensource/Blockchain Alternatives to Facebook/Meta

22 Jan 2022 4 minute read 9 comments MintDice.com

Facebook is a great way to connect and keep in contact with friends. Especially now that Mark Zuckerberg has announced its plans to change the name to Meta, and expand into the metaverse. There’s one problem, and it’s that Facebook is stealing, and...

Making the most out of your cryptocurrency investment.

11 Feb 2022 6 minute read 3 comments Dzoelx

Two contrasting messages; “cryptocurrencies are the best performing assets in the past decade” and “cryptocurrency investments are Risky!”. Same topic, different assertions, both of them correct. While many have made life changing wealth through cry...

Anomus Brings Blockchain VC’s To Fight Corruption

9 Nov 2021 3 minute read 3 comments Publish0x PRs

Anomus is a platform that is dedicated to exposing the terminal rot that has infested mainstream media channels.  The team behind it and the venture capitalist invested in the project are true believers in providing the world with community-verifiabl...

BetaMars Has Released 250 Co-brand Ticket NFTs.

29 Dec 2021 1 minute read 8 comments Publish0x PRs

Bonus At The Bottom. According to official news, BetaMars project has raised $2.5 millions seed investment from Youbi Capital. Both sides have reached a cooperation on the further building of BetaMars.  The director of Youbi Capital said, "Metaverse...

Get Ready for a BIG Move in the Crypto Market | RTWM 1.27

19 Mar 2022 4 minute read 3 comments Zacharias

RekTimes Weekly Markets 18 March 2022: RekTimes returns this week after a short March hiatus. Before diving into the news & analysis for the week, there are some important (and exciting) updates to share! Our founder and main author Zacharias has jo...