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.


Libra: Newly Established Technical Steering Committee (TSC) To Govern Technical Development

21 Jan 2020 2 minute read 0 comments Cryptos.com

After a series of setbacks and intense international pressure against Facebook’s governing model, the Libra Association announced that a Technical Steering Committee (TSC) was founded to oversee and govern the technical development of the Libra token...

Bitcoin Fund Now Allows 300k Australians to Invest #472

21 Jan 2020 1 minute read 0 comments Gary Leland the Bitcoin Boomer

The Australian Securities and Investment Commission has granted approval for Raiz to offer its Bitcoin investment retail fund.  Raiz can now go ahead with its planned launch of the product before the end of the Q2 of 2020. YOUTUBE: https://youtu.be/...

Tor Corporation launches its own exchange, waiting for a coin on the moon

21 Jan 2020 1 minute read 0 comments mayner

TORCORP PROJECT, PARAMINE INCOME UP TO 35% PER MONTH UPDATE Have you ever heard of a TORCORP coin and pos mining? Now the project launches its own exchange, which will lead to a significant increase in the coin (by the way, coins are traded on the wa...

Zap Announces Partnership With Howdoo

21 Jan 2020 2 minute read 0 comments Cryptos.com

Zug, Switzerland, Jan. 20th, 2020 — Zap, the decentralized blockchain developers’ product suite, announced today that it has signed a strategic partnership agreement with Howdoo, a decentralized social media and content delivery company start-up. How...

Summary of some important features of Tezos

21 Jan 2020 2 minute read 3 comments Allen Walters

Tezos unique governance model: One of the biggest problems for decentralized blockchains is the fact they need to evolve swiftly, to upgrade, add functionality etc. To accomplish this, there needs to be consensus amongst the nodes. (Nodes = computers...

Monerium will issue e-money thru the Blockchain from Algorand.

21 Jan 2020 1 minute read 0 comments alberdioni8406

Monerium and the firm behind the Algorand Blockchain, joined hands to issue an e-money thru the Algorand Blockchain protocol. Monerium, that is a e-money services Firm, was provided the license from the Iceland regulators, to operate electronic cash...

FREE Sounds for Multimedia Projects.

21 Jan 2020 1 minute read 8 comments Solar Phasing

  Hey friends, :0) Today I share a different aspect of my sound work. I compose already for indie game devs, music but also background music, sound effects. I sell my music to indie games devs at low prices, and I also publish a lot of free stuff,...

NEW: CRYPTO TAX BILL! - SCAM: HIJACKED YOUTUBE CHANNELS! SOON: BITCOIN GOLDEN CROSS! ENERGI UPDATE

21 Jan 2020 1 minute read 0 comments CryptoBitcoinChris

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Price analysis 21, Jan Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash.

21 Jan 2020 1 minute read 0 comments haidernasir

Bitcoin, ethereum, litecoin, XRP and BCH has almost gained 1% to 5% in their prices. Here a price analysis of five cryptocurrencies. Bitcoin/USD Bitcoin is at $8,644.15 with a gain of 0.123454% in its price in the previous 24 hours. Bitcoin with its...

Interviewing Christopher Kramer From SoMee

21 Jan 2020 1 minute read 4 comments Scott Cunningham

I recently had the chance to discuss SoMee with Christopher Kramer who is the founder and CEO to learn more about the project and where it’s headed in 2020. SoMee is a blockchain-based social network powered by the ONG cryptocurrency which is an ERC-...