Blockchain News, Opinions and Analyses created by users.

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.


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...

Crypto Bots Keep Spamming Scams

30 Dec 2021 2 minute read 5 comments Scott Cunningham

Crypto bots are spamming scams on so many platforms nowadays it’s becoming hard to keep up with them. And so, it’s much easier for me to make a video addressing this than to individually warn people and deal with each occurrence. https://youtu.be/Ij...

Harvest Finance: After a Little Break New Ethereum Farms!

24 Dec 2021 2 minute read 3 comments Cje95

It should not be surprising to say that with the recent market turbulence and high gas fees that recently Harvest Finance has not added any Ethereum based farms. When good opportunities though present themselves the development team for Harvest is pr...

How Would Bitcoin, That Just Turned 13 Today, Do in a Recession?

3 Jan 2022 2 minute read 2 comments acesontop

Elon Musk has stated in an interview a few days ago that he's expecting world economies to enter a recession in spring-summer time this year and he's not the only one tackling this topic. Alessio Rastani, renowned trader, and zerohedge.com have also...

Bitcoin: 25% of the Way to Nowhere – The Tale of 2021 – and Beyond…

31 Dec 2021 10 minute read 3 comments Bit Brain

Well I’ll be the first to admit that the year did not go the way I thought it would. 2021 in the world of crypto was another poignant remind that: “If you want to hear God laugh, tell him your plans”. If I’ve been quiet about Bitcoin lately – and I h...

What Is MultiVAC Crypto MTV Coin?

12 Jan 2022 3 minute read 0 comments StealthEX

MultiVAC is a blockchain platform that is based on trusted sharding computation. This project is created for operating with large-scale dApps and has its native ERC-20 token called MTV. Keep reading the new StealthEX article and find more about Multi...

Harvest Finance Brings NFT Governance to the Farm with OpenSea Rival LooksRare

11 Jan 2022 2 minute read 3 comments Cje95

While OpenSea has been the long time go to place for Ethereum NFTs times could be changing! LooksRare is a new NFT market that has done what so many have wanted OpenSea to do. They airdropped there governance token LOOKS and launched their own market...

Chainlink (LINK), AccuWeather, & Insurance: How Yet Another Global Industry is Set to be Disrupted

20 Dec 2021 3 minute read 4 comments Zacharias

  20 December 2021: Major blockchain oracle Chainlink (LINK) and the US-based meteorology reporting service AccuWeather recently announced a partnership that will allow AccuWeather to run a live node on the Chainlink network. This will catalyze devel...

Non-fungible tokens: The Turnoffs.

14 Jan 2022 4 minute read 3 comments Dzoelx

Your reluctance to join the NFT trend is as a result of any of these two instances; either you’re a maximalist of a non-nft project (probably bitcoin) or you’re discouraged by certain ‘not so good’ aspects of digital signatures. Previously I questio...