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.


How to Spot Long-Term Winners in Crypto: 3 Examples

11 Jun 2021 6 minute read 27 comments Brawnd0

First off, you have to be mindful of 3 things: Great minds are consistent at their craft.  Great minds are recognized by other great minds.  Sooner or later, great minds attract capital, and those who recognize them early get rewarded. In this arti...

Bitcoin: The Secret Game That's Being Played

7 Jun 2021 6 minute read 27 comments johnwege

There has been a lot of discussion throughout the years about how much bitcoin is actually enough; or how much do you actually need to have.  This is where the debate comes in.  Naturally when the price of bitcoin was cheaper; the accumulation goal o...

Yield Farming Explained

30 May 2021 4 minute read 17 comments Gongo

Yield farming is the wild west of Decentralized Finance (DeFi).  Here, farmers compete to get a chance to "farm" the best "crops".  It's a way to essentially make more crypto with your crypto.  It involves lending your assets to others via smart con...

Set & Forget Ways To Earn Passive BTC

10 Jun 2021 3 minute read 45 comments Sapphire

Passive Is BestWhen prices drop, the best thing to do is to have passive mechanisms earning you BTC. There is something that many people seem to overlook when it comes to earning additional BTC and that is that this is not liveable or instantly meani...

3 ways to easily move funds from one chain to another

1 Jun 2021 4 minute read 14 comments CryptoSorted

One challenge that comes with using multiple smart contracts chains is how to move funds from one chain to another, especially if you don't want to use a centralized exchange. In this post, I will be sharing with you the various ways I use to move fu...

Ethereum 2.0: The Future of the Ethereum Network

18 May 2021 2 minute read 7 comments REKTimes

Ethereum in currently the queen of the cryptocurrency world, second only to Bitcoin in total market cap.  With an ever-growing market share of the cryptocurrency space, Ethereum has taken its place as the most dominant modern cryptocurrency network,...

ADA Experiences A Bullish Day As It Overtakes BNB For 4th Place

30 May 2021 3 minute read 11 comments Vendata

Cardano (ADA), the public blockchain that has recently gained lots of popularity, has had a bullish day, rising over 10% over the past 24 hours to surpass the native token of centralised exchange Binance Binance Coin (BNB) to take 4th place. Brief An...

The Hype Around BitTorrent Founder’s Chia

17 May 2021 4 minute read 14 comments paragism

Cover photo by Paul Blenkhorn @SensoryArtHouse on Unsplash Some days ago Elon Musk, founder of Tesla, announced on Twitter that the automaker has suspended vehicle purchases using Bitcoin with the concern of rapidly increasing use of fossil fuels fo...

Polygon Crypto Price Prediction. What Is Polygon MATIC Crypto? Is MATIC A Good Investment? Where To Buy MATIC Coin?

28 May 2021 3 minute read 2 comments StealthEX

If you look for information on Polygon price prediction, you have come to the right place. This article will also tell you what Polygon crypto is, MATIC crypto news, and where to buy MATIC coin, by the way, the best choice is StealthEX. So let’s find...

Cryptocurrency and other accepted illusions

24 May 2021 2 minute read 12 comments Smoljanović

Our senses are complex tools that make illusions possible.  Cryptocurrency and colors are imaginary, but both can appear to be quite real.  Cryptocurrency has monetary value as long as we arbitrarily decide it does.  I bought a physical object with...