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.


3 Undervalued Crypto Projects With MASSIVE Potential for 2020

3 weeks ago 11 minute read Adamic0 $14.26 tipped

It’s been almost 2 years now since the last crypto winter and most of the crypto seasoners are out of the game. The weak hands have been shaken out and only strong hodlers remain.  Therefore, the market is showing bullish signs once again and it all...

Is ZCash (ZEC) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

1 week ago 7 minute read CryptoBoomer $8.84 tipped

ZCash is one of the leading privacy-centric cryptocurrencies. Using the famous technology zk-SNARKS, ZCash has earned its reputation and respect even from the supporters of other privacy coins. Whenever someone mentions privacy crypto coins, usually...

Is Bytom (BTM) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

5 days ago 6 minute read CryptoBoomer $8.53 tipped

Many people say that cryptocurrencies need to be able to “interact” with real-world or physical assets before the world can take them seriously. There are some narratives out there that say blockchain is like a solution to problems that don’t exist...

Is NEM (XEM) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

2 weeks ago 7 minute read CryptoBoomer $7.72 tipped

The New Economy Movement or NEM, was once considered one of the strongest alternatives to Ethereum. Its native cryptocurrency, XEM, was once part of the top 10 coins by market cap. However, XEM has been slowly losing its popularity in the past year....

Is DASH A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

2 weeks ago 7 minute read CryptoBoomer $7.18 tipped

Dash is one of the privacy-centric coins that also focuses its attention on improving transaction speed and real-life adoptions. Dash is an exciting project that has been growing fast, especially in developing countries with failing fiat currencies....

Is Cosmos (ATOM) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

1 day ago 7 minute read CryptoBoomer $7.13 tipped

Cosmos and its native cryptocurrency called ATOM enjoy their rise to popularity in early 2019. ATOM called itself the “Internet of Blockchains” and it is trying to be the face of blockchain 3.0 after previously Bitcoin (blockchain 1.0) and Ethereum...

Is EOS A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

3 weeks ago 8 minute read CryptoBoomer $7.12 tipped

EOS is one of the most popular altcoins and is often dubbed as the biggest rival to Ethereum. Different from Ethereum that utilizes Proof of Work and now is transitioning to Proof of Stake, EOS utilizes what they call as Delegated Proof of Stake (DP...

What is Aeternity (AE) [A Comprehensive Guide to Understanding Aternity]

1 week ago 6 minute read Mr.CryptoWiki $7.06 tipped

Blockchain is an innovative new technology that can revolutionize the way enterprise businesses and governments do business. It’s been declared “an important breakthrough” by China's President Xi Jinping and is increasingly being legitimized througho...

Is IOST A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

1 week ago 7 minute read CryptoBoomer $6.99 tipped

In the era of decentralized applications (dApps) and smart contracts, everybody has been playing the same guessing game. They all want to know which blockchain platform would eventually become the winner and take the biggest pie from the market shar...

Is DigiByte (DGB) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

1 week ago 7 minute read CryptoBoomer $6.91 tipped

DigiByte is one of the first-gen blockchains that has been continuously developed and remains popular even in the current days where the crypto space is flooded by many different newer projects. DigiByte has active developers and is one of the most...