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.


Coinbase: A Foreshadowing of Institutional Investment Still to Come

25 Aug 2021 6 minute read 0 comments hifi.bitcoin

Listen to this article in podcast format. It has been said at various points over the past year that institutional interest and investment in Bitcoin and other cryptocurrencies has been one of the primary drivers of the ongoing bull market. The law...

Axie Infinity Hack... What has Happened to the Stolen Funds?

28 Apr 2022 3 minute read 2 comments Cje95

On March 23rd of this year, Axie Infinity suffered one of the largest hacks in crypto history. Worth between $600 to $625 million depending on the price of Ethereum a lot of people wondered if Axie would service and what had happened to the missing f...

Trezor vs. Ledger – Which Is the Best Hardware Wallet To Use With Bitcoin?

2 Mar 2022 5 minute read 16 comments ssaurel

Not your Keys, Not your Bitcoin. I frequently repeat this golden rule in my articles. My goal is always the same: to make you aware that you only own the Bitcoin whose private keys you have in your possession. Any Bitcoin you leave in the hands of a...

Publish0x Integrates Fantom Network & Statera (STA) Token | Everything You Need to Know

16 Feb 2022 4 minute read 13 comments Zacharias

16 February 2022: Publish0x has announced that the platform is officially integrating the Fantom Network. This will occur initially through utilizing the Statera token (STA) for tipping. This will replace Harvest (FARM). This is a fantastic move for...

Building a Wallet on Komodo Blockchain

29 Oct 2021 4 minute read 4 comments NOWNodes

Komodo is a platform that allows businesses and developers to build customizable, scalable, and highly secure blockchains for their needs. Think of it as decentralized applications built not on the platform’s mainnet but on their dedicated chains. Su...

Portfolio Diversification Explained For Beginners - How To Invest $1000 in Crypto?

23 Aug 2021 5 minute read 10 comments Hodlnaut

Reposted from our blog here.  From J.P Morgan’s announcement of opening crypto trading to Mastercard’s partnership to aid banks in distributing crypto cards, it is evident that crypto activity is on the rise. As such, many investors have started park...

Why You Won’t Catch A 100x Crypto

3 Jan 2022 2 minute read 10 comments Scott Cunningham

It’s highly unlikely that with a coin that you don’t have conviction in that you will ride out the 100x let alone even a 10x. If you only put in $100, you’re not going to make anything. https://youtu.be/6dIwpjBECdg  In 2019, 1% of the adult populati...

Professional Sports Teams & Athletes Among First to Embrace Crypto, Web3

23 Nov 2021 2 minute read 1 comment Zacharias

22 November 2021: Over the past several months we have seen numerous professional sports teams, venues, and athletes quick to embrace the developing market of cryptocurrencies, blockchain, NFTs, and Web3.  As far as adoption is concerned, professiona...

Retire As A Crypto.com (CRO) Millionaire!?!?

30 Jan 2022 3 minute read 4 comments JoeyLiu996

Crypto.com is currently building its own eco system where it includes the exchange, the card staking, the defi, it’s blockchain and more. So far they have delivered whatever they promised from the start. The card has gotten so much value and benefit...

OpenOcean (OOE) Will Be Holding Their World Premiere Listing On KuCoin This July 12

9 Jul 2021 3 minute read 10 comments KuCoin Blog

OpenOcean (OOE) is coming to KuCoin this July 12 in their world premier listing. OpenOcean is a Defi and Cefi aggregator of the mainstream decentralized and centralized exchanges that offers the best price and lowest slippage with their deeply optimi...