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

16 May 2022 5 minute read 6 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...

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...

What Elon Musk’s Twitter could mean for the crypto community.

2 May 2022 4 minute read 9 comments Dzoelx

Despite being the richest person on earth currently; Elon Musk is best known to the cryptocurrency community as the biggest dogeCoin influencer; a proper moon overlord…and maybe a meme connoisseur. That SNL session may go down as one of his most pop...

Introducing Savanna: The Newest Charity-Focused Cryptocurrency Project

19 Apr 2022 1 minute read 1 comment Publish0x PRs

[Luanda, Angola - February 22]  Savanna is the newest cryptocurrency project aiming to make a difference in Africa through leveraging blockchain technology. What is Savanna? Savanna is a cryptocurrency project running on the Binance Smart Chain (BSC...

Holding 150,000 BTC, the Winklevoss Twins Are on Their Way to Getting Revenge on Mark Zuckerberg.

22 Apr 2022 7 minute read 8 comments ssaurel

In the Bitcoin world, the Winklevoss twins are among the voices that count more than the others. Tyler and Cameron Winklevoss made the Bitcoin bet before anyone else. Today, as Bitcoin is around $40K, they are greatly rewarded for believing in Bitcoi...

What Most Crypto Projects Don’t Want You To Know

30 Apr 2022 3 minute read 5 comments Scott Cunningham

I’ve noticed a lot of misleading use of blockchain terms like Web3, blockchain, decentralized, metaverse, etc. The semantics of all of this needs to be discussed because I can only expect it will lead to a lot of people losing money. https://odysee....

The Next Era of Crypto - Cosmos & Evmos

17 May 2022 2 minute read 5 comments Thomas Wolf

A match made in heaven, Cosmos (ATOM) and Evmos, are paving the way for the next era in blockchain & cryptocurrency tech. “We must accept finite disappointment, but never lose infinite hope.” ― Martin Luther King, Jr. Despite the current bear market...

Here Is The Main Reason Why So Many People Are Still Afraid of Bitcoin.

21 Apr 2022 3 minute read 8 comments ssaurel

After having passed the 100 million users mark in September 2020, the Bitcoin network would now have more than 130 million users. I use the conditional tense, as these are only estimates. As you know, the Bitcoin network is pseudonymous and each pers...

If You Still Believe in Central Banks After the Last 24 Months, Don't Buy Bitcoin.

30 Apr 2022 4 minute read 3 comments ssaurel

In one of my last articles, a reader left me an amazing comment talking about “promotional writing” to describe what I write about Bitcoin. I am certainly Bullish on Bitcoin as you have seen. However, I don't think I'm doing “promotional writing”. My...

Instagram Adding NFT Integration with Multiple Blockchain Networks

9 May 2022 1 minute read 4 comments Zacharias

Widely used social media platform Instagram has a coming NFT integration, part of Meta’s push to align its own products and services with the emerging web3 space. The pilot for this new integration is reportedly coming as early as Monday. CoinDesk re...