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.


Change your life today

26 Nov 2019 1 minute read 0 comments Cletus Habila

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A satisfied life is better than a successful life

26 Nov 2019 1 minute read 0 comments Cletus Habila

A satisfied life is better than a successful life, because our success is measured by others, whereas, our satisfaction is measured by our own mind, heart and soul. Dropil can't make you successful but can make you satisfied. https://home.dropil.com/...

Go to bed with satisfaction wake up with determination

26 Nov 2019 1 minute read 0 comments Cletus Habila

Go to bed with satisfaction wake up with determination it’s all about JADE BOT TRADING #JADE #DROPILCOIN #TRADING #INVEST https://home.dropil.com/signup?ref=417mkuids20p

TALK IS CHEAP

26 Nov 2019 1 minute read 0 comments Cletus Habila

TALK IS CHEAPLet me show you the #CODEDo not save what is left after spending, but spend what is left after investing #INVEST #With #DropilCoin https://home.dropil.com/signup?ref=417mkuids20p

1 Gigawatt Bitcoin Mine Under Construction in Texas #432

26 Nov 2019 1 minute read 0 comments Gary Leland the Bitcoin Boomer

A project broke ground this month that would start at 300 megawatts and expand to 1 gigawatt by the end of next year, dwarfing Bitmain’s mine that contemplates expanding to only 300 megawatts.  VIDEO: https://youtu.be/VNqQkmoiA5I PODCAST: https://4M...

New Crypto voxel for the BAE

25 Nov 2019 1 minute read 0 comments Art

New Crypto Voxels for BAE Totally redesigned our crypto voxel check it out. Featuring our best selling artists  👇 https://www.cryptovoxels.com/[email protected],86N ☝️

US Federal Reserve Exploring Digital Dollar #431

25 Nov 2019 1 minute read 0 comments Gary Leland the Bitcoin Boomer

The United States Federal Reserve System is exploring the development of a central bank digital currency and what issues and risks it could potentially pose. VIDEO: https://youtu.be/pRbtQyqFG7E PODCAST: https://4MinuteCrypto.com/431 ALEXA: https://4...

Energi Gen 3: Understanding the Potential of the New Energi Platform

23 Nov 2019 1 minute read 0 comments Energi

With our highly anticipated launch of Energi Gen 3, we are one step closer to reaching Energi's true potential at being a world-class cryptocurrency. In our latest article, we breakdown each feature of Energi Gen 3:   https://nrg.click/gen3

Roller Coaster

23 Nov 2019 1 minute read 0 comments TheCryptoCurator

Crypto Watch Week Recap 23 Nov 19: http://bit.ly/2DdKtGI * Bitcoin crushes the traditional market* Family Offices accepts $BTC* GrayscaleInvest's GBTC ready for Billions* PayPal CEO HODL $BTC* China FUD at all time High Sponsored by SafePal https://s...

There's Another MASSIVE Asian Crypto Scam On The Verge Of Collapse - What Is The 'Cloud Token' End Game?

23 Nov 2019 1 minute read 0 comments The Global Crypto Press Association

It was in my previous investigation into PlusToken, a China based crypto scam responsible for stealing a record breaking $3 billion, where I came across another one gaining momentum.So, I was looking into how the PlusToken scam spread, one person aft...