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.


How do stablecoins work?

12 May 2022 3 minute read 2 comments Eligma

Cryptocurrencies are highly volatile, and the current market situation is only emphasizing their notorious reputation. But crypto space also offers an alternative – tokens that don’t fluctuate in price but comply with all other aspects of cryptocurre...

Now That NFTs Are Going Mainstream, What Does This Mean?

21 Apr 2022 2 minute read 0 comments The Watchman

The recent developments with Coinbase rolling out their NFT space along with a possible deal to purchase NFTs with Mastercard and we are witnessing the mainstream expansion of the NFT world. Watching what is unfolding around us in the real world is l...

Modern Economical Nonsense - Participatory Economy

19 Apr 2022 7 minute read 0 comments xuanling11

DAO or Decentralized Autonomous Organization is a new trend that Web3 companies may adopt to run their business in the future. There is a viable part that is missing from the discussion - participants. The technology has been developed and continues...

Useful Tools To Discover Crypto Hidden Gems!

4 May 2022 4 minute read 0 comments CryptoChad

  Searching for hidden gems is kinda requiring, isn't it? Today we are going to list some decent tools I use to discover some hidden gems. Bear in mind that this is my personal opinion, so if you use any other tool which is missing make sure to provi...

The Traditional Financial System Is Broken

20 Apr 2022 1 minute read 0 comments hifi.crypto

Read now to learn how a "defensive" move from Twitter against Elon Musk's takeover bid may be a disaster for many of the company's smallest investors. The traditional financial system is broken. People around the world, living under all types of gov...

Keep calm and HOLD...

15 May 2022 2 minute read 6 comments qsyal

It's the bear market... Alright... here we are coming to the end of what's been probably one of the longest and most brutal weeks in crypto's history, and I know It can be very hard to focus on much else when your portfolio is looking the worse for...

The Myth of Stablecoin

9 May 2022 4 minute read 4 comments xuanling11

Tired of fees for using Bitcoin? Try Bitcoin no-fee app Strike here starts with $10 for free.     Stablecoin is essential to Defi. However, stablecoin is not as stable as it sounds 🧐.    Particularly, when the market has weakened, the stablecoin l...

The Biggest Issue Facing Further Crypto Adoption

16 May 2022 3 minute read 0 comments Cje95

Last week was a terrible week for the crypto market as a whole. Not only were assets down across the board but one of the few coins and blockchains that had bucked the downtrend of this year completely imploded. Terra Luna's implosion was a huge blow...

Challenges in building games on Ethereum

20 Apr 2022 2 minute read 3 comments Bala

I personally have no big hatred of Ethereum but I have some concerns and that's why I chose this topic to write about. Before I start writing this article, I would like to clarify that I'm sharing my own perspectives about the Ethereum chain and when...

100$ Split Into Top 10 Cryptocurrencies Every Week. Week #17 - Uncertainty Is Back

25 Apr 2022 2 minute read 3 comments MoneyCanWorkForYou

Intro It's week 17 and uncertainty is back. Fears of inflation amongst the ongoing pandemic and military conflict in Ukraine have pushed the markets down once again. And we are in buy-the-dip mode again. At least I hope we are buying the dip. And alt...