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.


What's Brave Browser & Rewards Working Mechanism! [Complete Guide For Beginners]

13 Aug 2021 6 minute read 17 comments Trading Empire™

Hi, welcome to this article of Trading Empire™. Today, we're going to be looking at what brave is? Brave is an open-source web browser that offers a fast secure and private browsing experience by blocking ads and trackers.   According to Net market s...

The Incredible Potential of Cryptocurrencies, Blockchain in Africa

14 Dec 2021 3 minute read 11 comments Zacharias

13 December 2021: For much of modern history, the continent of Africa has lagged behind the rest of the world in terms of social and economical development, status, and legitimacy. This is largely due to the role in which colonization played on the...

Deflationary Bitcoin?

12 Sep 2021 6 minute read 7 comments Anarchiss

Misstkes I make’em, you make’em, we all make’em. Our mistakes fall within a spectrum of consequence. Small mistakes like misspelling mistake are of virtually no consequence, while others can have life, if not world changing consequences. Small mistak...

Blockchain For Dummies: What Is Blockchain Technology?

23 Jan 2022 4 minute read 13 comments StealthEX

Cryptocurrencies are on-demand, and with them, blockchain technology gets more popular. So before you invest in tokens, you need to understand what this technology is all about. Keep reading the new StealthEX article and find everything about blockch...

What Is Ethereum ETH Coin for Dummies? When Will Ethereum 2.0 Launch?

16 May 2022 5 minute read 7 comments StealthEX

Ethereum is a blockchain project second only to Bitcoin in terms of capitalization and popularity. Smart contracts have created a convenient environment for dApps developers, and the blockchain is used for instant P2P payments.  How Much Is 1 Ethereu...

Chainlink (LINK) is Everywhere

26 Feb 2022 2 minute read 5 comments Zacharias

  25 February 2022: Chainlink is so integral to the overall cryptoeconomy that it is essentially impossible to avoid. And for any institution outside the blockchain that wants to integrate its data sets with smart contracts? Chainlink is partnered wi...

Cryptocurrency’s volatility; a case of poor liquidity or abrupt reaction?

17 Sep 2021 3 minute read 7 comments Dzoelx

That big red candle on the 24hrs chart looks horrible! Horrible enough to scare any investor into selling off what they have left and enough to scare off a trader from buying the ‘dip’. Sometimes it looks like it’s over for the particular coin/token...

Harmony ONE & Sustainability

15 Jul 2021 5 minute read 8 comments NOWPayments

July 14, 2021 by Walt As the crypto industry gets more diverse and more projects appear proposing their unique solutions, it becomes harder for them to impress investors. Today, people who are trading cryptocurrencies are presented with so many possi...

Did the U.S. government just thumbs up on Bitcoin and down on Ethereum after the London Hardfork?

7 Aug 2021 3 minute read 12 comments xuanling11

Did the U.S. government just thumbs up on Bitcoin and down on Ethereum after the London Hardfork? Welcome to the most complicated topic of this week: crypto tax. As the U.S. infrastructure bill moves forward for Congress approval, lawmakers are tappi...

Chainlink (LINK), AccuWeather, & Insurance: How Yet Another Global Industry is Set to be Disrupted

20 Dec 2021 3 minute read 4 comments Zacharias

  20 December 2021: Major blockchain oracle Chainlink (LINK) and the US-based meteorology reporting service AccuWeather recently announced a partnership that will allow AccuWeather to run a live node on the Chainlink network. This will catalyze devel...