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.


Integrating 1inch network

12 May 2022 1 minute read 1 comment Symbiosis Finance

Today we’re proud to announce that we’re partnering and integrating 1inch to enable the best price discovery for cross-chain swaps.    That’s a tremendous step for us as now we will be using the best on the market solution for arbitrary asset swaps,...

NFTs Will Change Everything

29 Apr 2022 2 minute read 0 comments Gideon6ix

NFTs Will Change Everything How NFTs Will be Used to Shape our WorldGideon 6ix   Photo by Andrey Metelev on Unsplash The introduction of NFTs to the general population has been as profitable as controversial. Many questions envelop the co...

Keep Your Bitcoin Miners Close

26 Apr 2022 2 minute read 0 comments hifi.crypto

Read now to learn how financial sovereignty means “Not Your Keys, Not Your Coins”, and so much more. There’s a common saying in the Bitcoin space that’s intended to quickly convey the importance of having direct control over one’s Bitcoin holdings:...

welcome to The dark side of crypto

5 May 2022 2 minute read 0 comments gmons420

Crypto has revolutionized the realm of currencies. thanks to the new generation of influencers, people are often in fear of missing out. fomo is something we all deal with on a daily basis. it seems like everyone else is getting rich over night with...

Crypto Basics #4: What is Mining and Proof of Work?

1 May 2022 3 minute read 3 comments 2sats

*obligatory not financial advice*   Hi, In this series I want to explain some terms that are relevant to the amazing world of cryptocurrencies to help newcomers understand it better. Today I want to talk about mining.   Previous Parts: Crypto Basics...

LUNA Loses $5 Billion In 2 Days!

8 May 2022 2 minute read 2 comments CryptoChad

  Terra (LUNA) lost $5 billion between 7/5 and 8/5 dropping over 20% in value. What's the reason and how will it continue?   What's the downtrend's reason? If we exclude the general reasons for the market's downfall and focus exclusively on the Terra...

All abandon ship! As Terrafarm Labs legal team quits and the preliminary vote is in

18 hours ago 3 minute read 2 comments Patch

One of the things you probably do not want to happen during probably the biggest crisis in the crypto world is that your legal team up and quits on you. And yet, that is exactly what Terraform Labs legal team has done. All abandon ship, they yell as...

The Sweeping Rally Of TRON And Its Consequences!

6 May 2022 1 minute read 0 comments CryptoChad

  TRON (TRX) recorded 45% growth outperforming many other cryptocurrencies amid the USDD stablecoin release. How did that happen and what's next in the market?   What's the current range of TRON? TRON (TRX) used to rally near its support zone until e...

Expanding vs. Contracting - The New Future

27 Apr 2022 2 minute read 0 comments Steve Hodl

I'm just sitting here eating my Kitkat bar and noticed that something feels odd about it. It feels thinner, more compact... much smaller even. Usually, after one packet I'm feeling satisfied, but now I need to eat 2 packets to get the same feeling. W...

Why We Need Web 3.0 (Why the Web 3.0 matters)

25 Apr 2022 4 minute read 0 comments GetBlock

The decentralized Web 3.0 Internet is already being created, and its development will solve a number of problems that exist today on the Web. In recent years, most areas of life, including the Internet, have undergone a dramatic transformation. The m...