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.


22/1//2020 Price Update: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litcoin, OX(ZRX), STEEM, Steem Base Dollars (SBD), Basic Attention Token, Bitshare, DAI, XRP, EOS, Binance coin, Huobi token, Maker

22 Jan 2020 1 minute read 0 comments Daniella Blog

  Hello,How is you day going?It's another edition of DAILY CRYPTOS PRICE UPDATE.Today: 22/1/2020HAPPY NEW YEAR!Today is another good start for some cryptos as the bulls takes over again.Some cryptos like SBD have taken the lead with heavy increase in...

The DLive To Tron Migration

22 Jan 2020 2 minute read 28 comments Scott Cunningham

TRON announced that the migration of DLive will happen April 15th, 2020. Get your Lino withdrawal requirement completed soon because after that your Lino is worth nothing and the blockchain is being “CutOff” and no longer supported. Let’s talk about...

Voice Will Launch On EOSIO Private Chain

22 Jan 2020 1 minute read 0 comments Scott Cunningham

Voice is releasing on February 14th but will need to use a private EOSIO chain to be able to support it. Though it doesn’t explicitly say so, it’s due to the high CPU consumption on the public blockchain. Let’s talk about it. This is where I first re...

The New Way to Earn Crypto for Free - Out with Mining, in with Staking

22 Jan 2020 7 minute read 18 comments Mappo

Airdrops are so 2017, free money was fun while it lasted but now when someone says free money in crypto, the first thoughts are scams and ponzi schemes. But in 2020, there is a way to earn free money, in a legitimate, common practice, and logica...

U.K Central Bank will explore sovereign digital currency.

22 Jan 2020 1 minute read 0 comments alberdioni8406

Now it's official, the Bank of England (BoE), the United Kingdom Central Bank is planning to explore use cases of Sovereign digital currencies (CBDC), and already made associations with other Central banks, to work together in the project. England is...

China’s Blockchain rush gathers pace

22 Jan 2020 2 minute read 0 comments fklivestolearn

The country is aiming for a leadership position with the launch of ambitious projects slated for completion this year   It’s no surprise that China is actively developing blockchain technology. The endeavor has gathered pace ever since President...

Triptych proposes a mechanism to enhance Monero’s privacy

22 Jan 2020 1 minute read 0 comments fklivestolearn

The new research aims at decreasing the size of trustless logarithmic-size ring signatures   Privacy-centric coins have been in the headlines in the latter part of 2019 with upcoming regulations proposed by the FATF — an intergovernmental organizatio...

Coinmarketcap 21/01/2020

22 Jan 2020 1 minute read 0 comments sevillaespino

Hello, I hope all my dear followers are well and also the new readers that arrive every day, I will share closing of the market for this day. Today's market generates the second consecutive increase of the week by chance that increases the same as y...

3 Types of Blockchains

22 Jan 2020 1 minute read 0 comments 2gen

I'm going to write a set of 4 posts which includes the types of Blockchain, Crptocurrency, Crypto Wallet, Crypto Exchange. we should know them when coming into the crypto world for investing or using cryptocurrencies. This is the first part. The 3...

China’s Official Cryptocurrency Handbook

21 Jan 2020 1 minute read 1 comment crypto_moose

The Chinese government has had a confusing stance on cryptocurrencies previously banning cryptocurrency exchanges, and cryptocurrency projects (initial coin offerings) while still allowing bitcoin mining. In early 2018, representatives from the Peopl...