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.


Bitcoin Taproot - Years In The Making

13 Nov 2021 5 minute read 5 comments hifi.crypto

Listen to this article as a podcast. Our world is constantly changing. Technology improves and people and companies develop new ways to interact with one another. Much of the change is positive and has led to a significant increase in wealth and maj...

China; yet again?

27 Sep 2021 2 minute read 10 comments Dzoelx

Source The market went awry again, just a few green candles to full recovery from the previous crash, we got hit with yet another FUD; this time around, a very common one. $100 billion wiped in a few minutes; the Chinese dynasty has once again banned...

How To Live 100% On Crypto

13 Aug 2021 2 minute read 7 comments Scott Cunningham

There are so many services, products, and applications that enable you to spend, earn, trade, and store cryptocurrency. There are so many in fact, that you are able to live 100% on cryptocurrency. Let’s discuss exactly how you can start today. Whil...

Uniswap And The UNI Token: A Beginner’s Guide

3 Sep 2021 4 minute read 5 comments ChangeNOW

Uniswap was at the core of the meteoric rise of DeFi in 2020–2021. The most popular decentralized exchange on the Ethereum blockchain, its total value locked grew from $800 million last July to $5.26 billion today. Uniswap’s trading volume reached $6...

Lightning-fast and free to use. Discover EOS and see how you can use it

30 May 2021 3 minute read 4 comments ChangeNOW

What if Ethereum were free of fees and could process thousands of transactions per second? It’s moving there with its Eth 2.0 upgrade, but there is one project that fits these criteria right now — EOS, a platform for building highly scalable decentra...

The Next Era of Crypto - Cosmos & Evmos

17 May 2022 3 minute read 9 comments Thomas Wolf

A match made in heaven, Cosmos (ATOM) and Evmos, are paving the way for the next era in blockchain & cryptocurrency tech. “We must accept finite disappointment, but never lose infinite hope.” ― Martin Luther King, Jr. Despite the current bear market...

Bull vs Bear Market: How to Earn Crypto During Bearish Market?

19 Jul 2021 2 minute read 5 comments Hodlnaut

Reposted from Hodlnaut's blog.  The terms “Bull” and “Bear” are common financial terms used to describe the price trends for a variety of financial markets and commodities, which includes cryptocurrency markets. This article will introduce you to the...

CPUs, GPUs, and ASICs: The Evolution of Bitcoin Mining

6 Oct 2021 6 minute read 2 comments hifi.crypto

💰Do you want a chance to win $25 in Bitcoin, paid straight into your wallet? Entry is easy so don’t miss your chance to win! Full rules here💰 Listen to this article in podcast format. Bitcoin seems to be practically everywhere these days. Participa...

January News Recap: Crypto and Blockchain ETFs, Five Star Bank Offers Bitcoin Services and More

4 Feb 2022 2 minute read 2 comments Hodlnaut

The month of January saw significant dips across a majority of tokens (read: BTC and ETH have hit all-time lows) in the cryptocurrency ecosystem. While the market is currently seeing bearish sentiments, new partnerships and businesses in the crypto a...

When It Comes to Importance in Web3, Don't Forget The Graph (GRT)

8 Jul 2021 3 minute read 7 comments Zacharias

8 July 2021:  The Graph (GRT) is a fundamental piece of the building blocks for Web 3.0, the next iteration of the internet.  As blockchain technology and cryptocurrencies continue to expand, the space is becoming increasingly coherent as it moves cl...