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.


Solana (SOL) Shared and Dedicated Nodes Added to GetBlock APIs Toolkit: Details

21 Feb 2022 2 minute read 3 comments GetBlock

Hot off the press: Solana becomes the latest blockchain to see its nodes integrated by GetBlock. Despite its founder, Anatoly Yakovenko slams this status, Solana for sure deserves the ‘Ethereum killer’ label. Now GetBlock clients can deploy their dec...

Securing your personal wallet(s) in a wild environment.

1 Dec 2021 4 minute read 3 comments Dzoelx

In a space of few months, I’ve seen an alarming number of people lose their crypto asset. The number of victims is mind-blowing, but the fact that these assets were stolen from their personal wallets makes it even more surprising. Personal wallets a...

Not every Play2Earn game is worth the effort!

3 Sep 2021 4 minute read 25 comments TrocProcLock

I meant to write a few articles about new games where you can earn Crypto by playing regular games. By regular games I mean not inherently "blockchain" games. I had 3 games all lined up that I was going to write articles on how to play them and how t...

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...

Protect Your Crypto Portfolio When it’s in the Red With These Tips

30 Sep 2021 5 minute read 3 comments Hodlnaut

Reposted from our blog here.  It is no secret that the cryptocurrency market is volatile. This is evident by the extreme price swings of two of the biggest cryptocurrencies, Bitcoin and Ethereum. The former managed to climb to its all-time high of $6...

Polkadot (DOT): Must...Buy...MOAR!

20 Jul 2021 3 minute read 3 comments BussTechno

I have an obsession with the future of web3 platforms, Polkadot.  It goes up... I buy a bit.  It goes down...I buy tons more.  I loaded up my bags once again this morning adding an additional 24% to my holdings.  At the current price of below $11 I s...