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.


Tezos (XTZ) is Becoming a Powerhouse in NFTs & Blockchain Gaming

15 Jan 2022 3 minute read 7 comments Zacharias

  1/12/2022: Tezos is a next generation smart contract platform that features a self-amending ledger, low transaction fees, and high network security. Tezos functions through its own native cryptocurrency tez (XTZ) which can be utilized for staking,...

What Is Cryptocurrency For Dummies: How To Make Money With Crypto?

15 Jan 2022 4 minute read 11 comments StealthEX

Many investors have heard about cryptocurrencies, the ups and downs of Bitcoin prices, success stories when a few thousand dollars made people millionaires. However, the reality is more complicated than that. Before investing in cryptocurrencies, it’...

Bitcoin ‘Technically Oversold’, Crypto Websites in Top 20, NEAR Price Prints New Record

15 Jan 2022 1 minute read 1 comment GetBlock

Analysts of Fidelity Investments indicated crucial support for flagship cryptocurrency as it re-claims $44,000 level. Bitcoin, the largest cryptocurrency, briefly tumbles below $40,000 for the first time since Sept.22, 2021. However, some indicato...

LooksRare: A Huge Problem Has Appeared but Does Anyone Care?

15 Jan 2022 3 minute read 2 comments Cje95

When LooksRare launched less than a week ago people were pretty quick to state that it could take down OpenSea as the go-to Ethereum NFT marketplace. After all, LooksRare offered their $LOOKS token allowing people to stake and provide liquidity to th...

Web 3.0 Explained For Beginners - Crypto Whiteboard 101

16 Jan 2022 1 minute read 1 comment The Part Time Economist

Web 3.0 has become a popular buzzword in the cryptosphere lately, but what is Web 3.0? How does Web 3.0 differ from Web 1.0 or Web 2.0 and what role do cryptocurrencies and blockchains play in the future of the internet known as Web 3.0? Lastly, what...

2022 - Crypto by Concept

14 Jan 2022 5 minute read 18 comments Thomas Wolf

As I return to the ether after some time away, I’ve noticed my outlook on the last couple of years in the marketplace has piqued a deeper interest in what drives people to use cryptocurrencies. “There is nothing worse than a sharp image of a fuzzy co...

How China is adopting NFTs

15 Jan 2022 2 minute read 1 comment wholelottajuju

Over the course of the past decade, China has been ramping up its efforts to compete on the global stage. An expansive network of trade routes, a growing national GDP, and an emphasis on building business-government relationships are all part of Chi...

Binance Smart Chain APIs in 2022: Play-to-Earn Eating DeFi

14 Jan 2022 2 minute read 1 comment GetBlock

GetBlock recaps what is going on in the Binance Smart Chain ecosystem. Which projects are in the top league right now? Binance Smart Chain, a mainstream EVM-compatible smart contracts network, was in the spotlight in 2021. It cemented itself as a go-...

Primer on Proof of Work

14 Jan 2022 1 minute read 19 comments hifi.crypto

Throughout history, people have worked in order to get ahead. Manual labor was required in order to hone one’s craft and produce enough income to sustain oneself and one’s family. Those who worked the hardest and most efficiently were often rewarded...

Top 5 Web3 Coins Under the Radar in 2022

16 Jan 2022 3 minute read 3 comments FX Empire

During the second half of 2021, the word “Web3” was trending in the crypto world. What should you expect in the Web3 for 2022? The new era of the internet is here and it is called “Web3”, thanks to the technology that is behind the cryptocurrencies...