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.


Bitcoin Is Currently Facing the Iceberg Illusion

20 Jan 2022 7 minute read 5 comments ssaurel

For almost a week now, the price of Bitcoin has been fluctuating in the $41K-$44K range. A range that can have two meanings. It all depends on how you look at it. Those who believe in a Bullish scenario, of which I am one, will tell you that this is...

Opensource/Blockchain Alternatives to Facebook/Meta

22 Jan 2022 4 minute read 7 comments MintDice.com

Facebook is a great way to connect and keep in contact with friends. Especially now that Mark Zuckerberg has announced its plans to change the name to Meta, and expand into the metaverse. There’s one problem, and it’s that Facebook is stealing, and...

The Correlation. Probably The Most Annoying Thing About The Crypto Dump Right Now

22 Jan 2022 1 minute read 3 comments acesontop

I don't know if we really entered a bear market in crypto lately, or not, but we sure have a lot of blood on the streets right now. Some vampire whales are probably feeding on it right now while some individuals are selling, just in case it cras...

Tragedy of the third coin: How far is the top?

19 Jan 2022 3 minute read 5 comments Dzoelx

A ‘new bitcoin’, ‘the ethereum killer’…wonder how many times these two phrases have been used in the crypto space? Countless. Bitcoin’s introduction changed the narratives for cryptography and created relevance for blockchain technology. Its primary...

Bitcoin Evolution - Bitcoin Cash (BCH)

20 Jan 2022 3 minute read 8 comments Thomas Wolf

I often ask myself if the people who forked Bitcoin (BTC) into Bitcoin Cash (BCH) had used an original name, and a better logo would have created a more appealing momentum for crypto software evolution. “Those who do not move, do not notice their cha...

Not Your Keys, Not Your Coins - Crypto Lockouts

21 Jan 2022 4 minute read 2 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 Life in developed countries these days is largely dominated by the financial industry. Even in the United S...

A Winning NFT Strategy

19 hours ago 5 minute read 2 comments The Lynx

Making money with NFTs is not a one-size-fits-all journey. A lot of it has to do with how much crypto you have to begin with. I am most familiar with Open Sea, so most of my experience will relate to my time there, on Twitter, and in Discord servers....

What is a Decentralized Autonomous Organization (DAO)?

21 Jan 2022 5 minute read 5 comments Eligma

Chances that you’ve already heard this are big, but let’s say it again: “The year 2022 will be the year of DAOs.” Decentralized Autonomous Organizations (DAO) appear to be the next big thing in business and organization structure. The best way to des...

DeFi 2.0: Ponzis, innovation, or everything in between?

21 Jan 2022 3 minute read 0 comments d-core

Since 2020 the DeFi space has had unprecedented growth and a wave of innovation that propped up what many are now calling DeFi 2.0. Some general issues such as bad user interfaces, operational mishappenings and lack of professionalism tend to get bet...

Centraverse: The Centralized Metaverse

15 hours ago 3 minute read 3 comments Scott Cunningham

With Metaverse tokens taking a -50% dive, I wanted to talk about why what we currently have is not a Metaverse, moreover, all we have is the centralized Metaverse aka the Centraverse. https://youtu.be/o3AUF23XEs8 This is my 501st post, welcome to th...