Blockchain News, Opinions and Analyses created by users.

Blockchain

35,657 Articles 280 Followers

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.


The 3 Tiers Of Generating Crypto

30 Dec 2021 3 minute read 0 comments Sapphire

From Micro Earnings To Substantial Earnings Whether you are looking to stack up a few extra sats or looking to compensate for your living expenses, Crypto is an absolute treasure trove of opportunities. Earning free Crytpo has evolved from a more nic...

Web 3.0 Explained For Beginners - Crypto Whiteboard 101

16 Jan 2022 1 minute read 4 comments The Part Time Economist

Web 3.0 has become a popular buzzword in the cryptosphere lately, but what is Web 3.0? How does Web 3.0 differ from Web 1.0 or Web 2.0 and what role do cryptocurrencies and blockchains play in the future of the internet known as Web 3.0? Lastly, what...

Stay Safe in DeFi Space - Avoid Scams In Decentralized Finance

21 Dec 2021 4 minute read 5 comments Cryptonator`s

Decentralized Finance is permissionless which gives us not only freedom but also risks. As no one need to ask for permission to participate in Decentralized Finance, anyone can participate, not only legit users but also scammers and scammers never re...

Primer on Proof of Work

14 Jan 2022 1 minute read 19 comments hifi.crypto

Throughout history, people have worked in order to get ahead. Manual labor was required in order to hone one’s craft and produce enough income to sustain oneself and one’s family. Those who worked the hardest and most efficiently were often rewarded...

Brave Browser Stats to Close out 2021: What Do They Reveal?

5 Jan 2022 2 minute read 22 comments Cje95

I have been a long time user and a long time supporter of the Brave Browser so I will be upfront in my admiration for what the team is trying to accomplish. While they are far from perfect it is in my opinion the most stable and successful platform d...

Primer On Bitcoin’s Energy Use

10 Jan 2022 1 minute read 15 comments hifi.crypto

Throughout human history, our productivity and standards of living have been primarily impacted by technological development and energy consumption. It is no coincidence that the vast majority of our most powerful inventions (i.e., machines) use larg...

Bitcoin ‘Technically Oversold’, Crypto Websites in Top 20, NEAR Price Prints New Record

15 Jan 2022 1 minute read 1 comment GetBlock

Analysts of Fidelity Investments indicated crucial support for flagship cryptocurrency as it re-claims $44,000 level. Bitcoin, the largest cryptocurrency, briefly tumbles below $40,000 for the first time since Sept.22, 2021. However, some indicato...

2022 - Crypto by Concept

14 Jan 2022 5 minute read 18 comments Thomas Wolf

As I return to the ether after some time away, I’ve noticed my outlook on the last couple of years in the marketplace has piqued a deeper interest in what drives people to use cryptocurrencies. “There is nothing worse than a sharp image of a fuzzy co...

Miners vs. Nodes: Checks and Balances on the Bitcoin Blockchain

5 Jan 2022 5 minute read 5 comments hifi.crypto

💰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 as a podcast here. Whether or not you believe it, our world revolves around money....

Focus On What Really Matters

11 Jan 2022 2 minute read 4 comments acesontop

One of the biggest mistake that my parents have made and I refused to do, is to treat the present, or plan for the future according to past patterns, achievements or fears. I'm not a spiritual person, but I believe we are everyday creating a potentia...