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.


I Read the Shiba Inu "Woof" Paper. Here's what I Discovered.

14 Sep 2021 4 minute read 14 comments SkinnerCrypto

So, here we go. I was thinking about DOGE the other day and I realized something. There are a lot of shitcoins out there. I never really like using that term because honestly, I enjoy reading into the tech of many different coins, even if they are lo...

Harvest Finance: A Glimpse of What is to Come for Binance Smart Chain (BSC)

6 Dec 2021 2 minute read 7 comments Cje95

Earlier this year when Ethereum gas fees first exploded upward and began to really affect the ability of novice crypto users to utilize the blockchain there were not a ton of well-known or developed alternatives. Really the first one to emerge during...

Corrupted - Pandora and the Legacy Banking System

13 Oct 2021 5 minute read 4 comments hifi.bitcoin

💰Do you want a chance to win $25 in Bitcoin, paid straight into your wallet? Entry is easy so don’t miss your chance to win! Full rules here💰 Listen to this article in podcast format. Our world is currently experiencing an interesting dichotomy whe...

Ampleforth FLIES After Jack Dorsey's Statement

25 Oct 2021 2 minute read 5 comments Cje95

Over the weekend Jack Dorsey, founder and CEO of both Twitter and Square, stated that Hyperinflation was coming to the United States and would permeate to the rest of the world then. Since this comment was made I decided to check and see how AMPL was...

ICON Crypto Coin ICX & StealthEX AMA Recap – All You Need To Know

8 Oct 2021 7 minute read 11 comments StealthEX

On October 7, 2021 we had StealthEX & ICON crypto AMA Session in our Telegram Community Chat, and here is a recap. Just take a little time to read through and learn everything you need about the ICON ICX coin. Let’s start! Today, we are going to have...

The Slow Rise of Polkadot: How the Project Achieved its Greatest Milestone in 2021

9 Jan 2022 6 minute read 14 comments 416Bitcoin

  Thanks to its unique design and prominent team, the interoperability- and Web3-focused blockchain project Polkadot has gathered quite some followers and supporters within the cryptocurrency community since its launch. Just like it was the case wit...

Owned by the Top 0.1%: Why Bitcoin Deserves More Criticism

10 Jan 2022 4 minute read 22 comments Zacharias

  10 January 2022: Bitcoin is generally perceived as the golden boy of crypto - the biggest, most well-known coin that is seen as the industry leader of innovation, decentralization, and disruption. Bitcoin has some big time influencers pitching it,...

8 Reasons Why We HODL Bitcoin No Matter What

5 Feb 2022 5 minute read 4 comments ssaurel

In the Bitcoin world, you're going to have to learn to distinguish between two things: the price of Bitcoin and the Bitcoin revolution. Far too many people focus solely on the price of Bitcoin, which distracts them from the real signal, which is the...

Liquidity pools: What are they?

14 Oct 2021 2 minute read 3 comments Dzoelx

So, you just used a Dex for the first time…well probably not your first time but you just began to wonder how exactly this works. Unlike the rampant centralized exchanges, DeFi exchange platforms do not have buy walls and sell walls, yet exchange of...

Here Is The Main Reason Why You Must Run a Bitcoin Full Node

3 Oct 2021 3 minute read 9 comments ssaurel

Whatever your opinion of Bitcoin, I'm sure you've heard at least once of its most popular slogan: "Don't trust, verify". This slogan has always stuck with Bitcoin, and it is justified. Bitcoin is indeed an open and transparent system that allows all...