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.


Don’t sell your Ethereum!

25 Mar 2022 3 minute read 13 comments Dzoelx

After some unfavourable months, ethereum is trading above $3000 again. Since making its way back to this point, it has continued to show strong signs and is well set on its way up. If you’ve been buying the ethereum dips over the month, your rewards...

"4% Of Americans Say They Have Quit Their Jobs Thanks To Their Crypto Gains". What About You?

6 Nov 2021 2 minute read 8 comments acesontop

According to a survey by Mark Cuban, it seems that 4% of Americans have turned towards a "crypto life" and ditched their regular jobs, this year. Some have probably used their stimulus checks to invest in crypto, others have probably put their saving...

Sleep, Earn: Sleefi is paying you to lead a healthy life.

24 Jun 2022 3 minute read 20 comments Dzoelx

Our lifestyles have changed tangibly over the years. Tech revolution, capitalism, and an overall change in basic life routines have had more impact on our way of living than it has affected our economy. The tax and revenue systems remain unchanged;...

3 Life Lessons From Vitalik, Founder of Ethereum

11 Jul 2021 3 minute read 4 comments diaperfinancingfund

If you enjoyed watching "The Social Network" and learning about how Mark Zuckerberg and his band of brothers worked together to bring Facebook to the top, you might enjoy reading "The Infinite Machine: How an Army of Crypto-Hackers is Building the Ne...

Want to stay safe in crypto? Do these easy things.

27 Oct 2021 5 minute read 2 comments Dzoelx

What’s your cryptocurrency scam story? Probably not you but a friend or just a random story. Whichever, scam tales are one of the most popular tragic stories on this space. Whenever they are told an investor(s) run into losses ranging from just a co...

ANOMUS Private Round Closes With Uber-Subscribed Sales

22 Nov 2021 1 minute read 0 comments Publish0x PRs

IDO Will Follow On November 26th Anomus has been a well-anticipated project that has gained much attention over the last few months. Today Anomus is announcing the closure of its private sale round with a very successful and promising oversubscriptio...

"The Right Eyes" are on El Salvador

9 Oct 2021 2 minute read 10 comments acesontop

"My prediction is that by the end of next year, we'll have at least five countries that accept Bitcoin as legal tender. All of them will be developing countries." That comes from Alex Hoptner, CEO of BitMex. We already have a developing country, El S...

Holding 150,000 BTC, the Winklevoss Twins Are on Their Way to Getting Revenge on Mark Zuckerberg.

22 Apr 2022 7 minute read 8 comments ssaurel

In the Bitcoin world, the Winklevoss twins are among the voices that count more than the others. Tyler and Cameron Winklevoss made the Bitcoin bet before anyone else. Today, as Bitcoin is around $40K, they are greatly rewarded for believing in Bitcoi...

What you need to know about "impermanent loss"

19 Oct 2021 4 minute read 11 comments qsyal

Introduction: If you have done anything in Defi, then you certainly have heard of the latest and greatest versions of decentralized exchanges protocols or what are called DEXs. Yes, it would not be exaggerating to say that the likes of Uniswap, Panca...

HODLing ALGO

13 Sep 2021 4 minute read 8 comments I-HODL

I'll tell you how I came across Algorand as an uninitiated crypto-investor, what Algorand or ALGO is, and why I love it so much, but before I do that, let me issue a disclaimer. DISCLAIMER: This is not investment advice. I will urge that any crypto...