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.


Are Bitcoin Payment Services Similar to Credit Cards? What’s the Difference?

1 Jan 2022 5 minute read 0 comments FX Empire

Difference between Visa Credit Card and Bitcoin payment. How Bitcoin payments offer several important advantages over traditional Visa acquiring. Have you ever wondered how electronic money transfers work? What is the difference between a contactles...

How To Explain Crypto to Friends and Family - Crypto Whiteboard 101

24 Dec 2021 1 minute read 5 comments The Part Time Economist

Picture this, you're sitting down for Christmas dinner and Aunt Sally is fussing a little Susie for kicking her feet under the table and telling her that she will not be getting any dessert till she finishes the green beans that your grandmother cook...

Buying Into A Bitcoin Dividend?

11 Jan 2022 5 minute read 14 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. When we were young, many of us had the opportunity to learn the...

Bitcoin - On the Origins of “HODLing”

29 Dec 2021 5 minute read 6 comments hifi.crypto

Listen to this article as a podcast. The entirety of humanity’s history has been spent in a quest to improve lives and livelihoods through hard work and technological advancement. The vast majority of people over the millennia worked for years on en...

8 Cryptocurrencies With High Gains Potential in 2022

14 Jan 2022 3 minute read 7 comments Mynah Marie

Photo by RODNAE Productions from Pexels Disclaimer: The author’s opinions are their own and do not constitute financial advice in any way whatsoever. Nothing published by the author constitutes an investment recommendation, nor should any data or co...

Brave Browser Releases State of the BAT! What is in Store for 2022?!

19 Jan 2022 4 minute read 3 comments Cje95

Today Brave released an announcement called STATE OF THE BAT: 2021 Recap and 2022 Outlook which you can read here. I stumbled across this completely by accident while scrolling through my Brave Newsfeed which has really turned out to be a fantastic p...

Harvest Finance Goes Out of the Box with a Health-Based Partnership

5 Jan 2022 2 minute read 4 comments Cje95

Harvest Finance.... Man once I think they cannot surprise me again BAM they do! This morning they announced their newest partnership and honestly I am super fascinated by it. By partnering with Genomes they have branched out of the crypto world!   Wh...

Nick Szabo is most likely Satoshi Nakamoto according to Elon Musk: Background history, concepts, trivial facts, and the freudian slip

16 Jan 2022 2 minute read 3 comments Ceekz

Who is Satoshi Nakamoto has been a question troubling the community of Bitcoin and Crypto since the beginning. It's the 1 million, or billion, or trillion dollar question.  Time and again, the topic of who is the person behind the Satoshi Nickname is...

Crypto Hits & Misses of 2021, Lessons learnt for 2022

1 Jan 2022 4 minute read 2 comments SamBTC

I am writing after a really long time as I was tied up with too many thing in parallel related to my crypto and non crypto life. There are so many things I want to write about but for now I will focus on sharing the highlights of how has been the yea...

Significant Moments That Will Change Crypto Market in 2022

9 Jan 2022 3 minute read 3 comments FX Empire

The steady performance of the crypto market in 2021 gave major coins such as Bitcoin (BTC) and Ethereum (ETH) the traction it needed to catapult digital currencies into a new direction. For a brief moment in November, market value surpassed $3 tr...