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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.

What is Divi Project (DIVI) coin? - An Introductory Guide to Divi Project

28 Dec 2019 2 minute read 4 comments msimyunn

Disclaimer: I am not a financial adviser, so please do your own research in making financial decisions. Also this post contains referral links, I am not obliging anyone to sign-up with them.    What is Divi Project? Divi Project proof-of-stake coin...

Price analysis 28, Dec Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash.

28 Dec 2019 1 minute read 0 comments haidernasir

Bitcoin, ethereum, litecoin, XRP and BCH have almost gained more than 2% in its price in the previous 24 hours. Here a price analysis of five cryptocurrencies. Bitcoin/USD Bitcoin is at $7,305.04 with a gain of 1.66% in its price in the previous 24 h...

Millions of Bitcoins Remain Dormant

28 Dec 2019 1 minute read 0 comments BTCparadise

Disclaimer: This is not investing or trading advice. According to data of dormant Bitcoin addresses, there are millions of BTC sitting in wallets for some long periods of time. This is understandable as many in the crypto community believe in the HOD...

Gath3r- A perfect decentralized solution for web monetization (opt-in, non-invasive) with smart web miner for Blockchains, merged mining, etc.

28 Dec 2019 11 minute read 0 comments milaan

Introduction The business giant like Google, Facebook, and many others have been collecting the user's data, compiling them and all those data are being socially engineered & sold for monetary gain. All these are being done without the consent of use...

WhatSat: The WhatsApp of Bitcoin

28 Dec 2019 1 minute read 19 comments M87

Last month, a user on Reddit shared a WhatsApp messaging competitor that works on Bitcoin's Lightning Network called WhatSat.   Source: Reddit This is a powerful P2P private chat messaging app that utilizes Bitcoin's Blockchain. Another added to the...

I only traded shitcoins for 18 hours

27 Dec 2019 1 minute read 0 comments MadMaxx

Tip this post if you like it! So I really did it this time. I went against every single thing I stand for. I traded only shitcoins for the whole of today. Literally. Bitcoin had some nice moves today, but I caught none of that. And this experiment di...

Masmic- Social media based in Blockchain

27 Dec 2019 2 minute read 3 comments the01crow

    The blockchain or token based platforms are interesting because of the dynamics and the idea behind this type of platforms, some are made to reward the content, and have different ways to make that assessment, some take advantage of the Pos, and...

Ancient Egyptians Created First Pyramid Scheme Based On Crypto - :Satire:

27 Dec 2019 2 minute read 5 comments BitcoinGordon

Even though it is untrue,  it's good to overstate it's satire, just in case there are any ancient Egyptians who would take issue. It is revealed: a recently uncovered tomb of Pharaoh Bitacoinakahn revealed the true source of the Satoshi White Paper....

Ethical Aspects in AI for Autonomous Driving

27 Dec 2019 4 minute read 1 comment Juan Molina

When will we have fully autonomous vehicles? It would be almost a utopia to think that we would have them fully functioning within the next decade. But it would be foolish to think that they would not exist within the next 20 to 30 years. Most pe...

An Introduction To - Part 1: What Is #SmokeCryptoMinute

27 Dec 2019 1 minute read 1 comment d00k13

Part 1: What Is Whether you are a Cannabis Lover or have Medicinal Interests is a place for you to earn for your Cannabis content and engagement on others posts. Powered by blockchain technology The Smoke.Network is decentraliz...