Blockchain

38,264 Articles 296 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.


Binance is the best exchange,period.

22 Dec 2019 1 minute read 1 comment MadMaxx

This will come as a surprise to most,given I never endorse any particular exchange. But Binance has given me a good reason to. The speed of the customer care is just impressive. And the fees? 0.075% per trade! That's great for swing traders like me l...

POLONIEX 7 ANNOUNCED IT WOULD DELIST ALTCOINS, IT'S A MESS, IT'S A DUMP OF ALTCOIN EVERYWHERE.

22 Dec 2019 1 minute read 3 comments Slowmen

    POLONIEX 7 ANNOUNCED IT WOULD DELIST ALTCOINS, IT'S A MESS, IT'S A DUMP OF ALTCOIN EVERYWHERE Poloniex, one of the popular bitcoin and cryptocurrency exchanges, has announced it will delist 7 altcoins. The powerful Altcoin DigiByte (DGB) and its...

Burger King Now Accepting Crypto

22 Dec 2019 1 minute read 3 comments HowToVids

Although governments are in not the position to accept crypto as a payment method. But businesses are accepting it as a payment system for the ease of their customers. One of them is Burger King. They started to accept crypto as a payment method. Acc...

Crypto Terms

22 Dec 2019 11 minute read 0 comments excitingworld32

Original Source https://www.finder.com/ca/cryptocurrency-glossary   Important Crypto Terms - Part 3   Good evening everyone while dealing with cryptocurrency. It is important to be aware and have knowledge of a few terms. It helps so much in your jou...

Will Halving increase BTC again?

22 Dec 2019 1 minute read 0 comments dyhudyh

Predicting the immediate future of BTC and, consequently, the entire virtual currency market, it is impossible not to mention the impending halving, as a result of which the mining prize will be halved from 12.5 to 6.25 coins. This means that if only...

A hacker stole cryptocurrencies worth USD 1 million using SIM cards

21 Dec 2019 1 minute read 0 comments dyhudyh

A teenage hacker took over 75 SIM cards and used them during mass identity theft, which allegedly allowed him to earn cryptocurrencies worth one million dollars. According to media reports, 19-year-old Yousef Selassie from New York stole the identity...

The Use Of Cryptocurrencies Is Expanding. It's slowly affecting our lives

21 Dec 2019 1 minute read 0 comments Slowmen

  The Use Of Cryptocurrencies Is Expanding. It's slowly affecting our lives.   The latest news on the adoption of cryptocurrencies came from Burger King. Burger King has joined the gocrypto payment provider. It now accepts Bitcoin Cash payments. Wel...

WAX guerilla attack on EOS - #EOSTOWAX

21 Dec 2019 2 minute read 0 comments paragism

Cover Image Source WAX (Worldwide Asset eXchange) describes itself as ‘an all-in-one blockchain platform for digital goods’. Its protocol token is designed to make e-commerce transactions faster, easier and safer. DPoS is WAX blockchain’s consensus m...

Tim Draper confirms: Bitcoin will cost 250,000 USD in 2020

21 Dec 2019 1 minute read 1 comment dyhudyh

Tim Draper is a person known to all cryptocurrency supporters. In 2014, he predicted that up to three years, 1 BTC would cost a minimum of USD 10,000. It proved to be more than enough. ATH Bitcoin from 2017 is 20,000 USD. Now this famous investor is...

MY REVIEW ON VECTORIUM PLATFORM, THE WORLD FIRST BLOCKCHAIN BASED CRYPTO ENERGY PROJECT

21 Dec 2019 3 minute read 1 comment Sodaf

Introduction Both Human being and animals need the world that is free of pollution in other to live a healthy llive. Human wastes are growing nearly everyday and there is need to make effective use of these wastes in the manner that will not cr...