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.


Axie Infinity Hack... What has Happened to the Stolen Funds?

28 Apr 2022 3 minute read 2 comments Cje95

On March 23rd of this year, Axie Infinity suffered one of the largest hacks in crypto history. Worth between $600 to $625 million depending on the price of Ethereum a lot of people wondered if Axie would service and what had happened to the missing f...

ChainLink Ecosystem Experiences Explosive Growth!

13 Mar 2022 3 minute read 10 comments Sapphire

Oracles Floating Under The Radar In my recent post, “Oracles – The Forgotten sector”, I mentioned how projects such as ChainLink and Band Protocol seem to have been excluded in the bull run of 2020 and 2021. There were very modest gains in the oracle...

Toying around on Cosmos (ATOM)

6 Mar 2022 4 minute read 8 comments bengy

Cosmos     Unsplash   A while back, I had been interested in layer-0 blockchains. These are the foundation chains that allow different Layer 1 chains to communicate and share assets... and of course, the two leading projects at the time were...

Mengapa mata uang digital begitu populer di dunia investasi?

5 Nov 2021 3 minute read 0 comments parismexi

The American city of Miami is known for its attitude against institutional finance, or it looked like this during the period from June 4 to 5 this year. At that time, a total of 12,000 people dressed in suits, ceremonial costumes and whale hats atten...

Steem Hostile Takeover

2 Mar 2020 2 minute read 2 comments doyouminecrypto

So I'm sure everyone has heard about the purchase of Steemit by Justin Sun and how the Steem blockchain community moved to block Sun's power to potentially "takeover" the blockchain. If not, here is a start to your own research. Make sure to pay atte...

Delete Your Portfolio Tracker

20 May 2022 2 minute read 0 comments R23

  Set It And Forget It I have been writing a bit about how looking at things heading towards the red can be a bittersweet process. On one hand you are getting another buying opportunity, but on the other hand, your investments are losing dollar...

The Internet Computer and Tron: Which One is Legit and which is a Scam? 

19 May 2022 4 minute read 3 comments Internet Computer_Keno

The world of cryptocurrency is filled with rug-pulls. Also, legitimate projects get labeled scams or schemes by naysayers all the time. How many times has Bitcoin, and even Ethereum, been called a Ponzi? It is sometimes hard to navigate and determine...

Most undervalued Play 2 Earn games on Hive

19 May 2022 2 minute read 1 comment Bala

When I initially joined Steem, I saw Steem only as a blogging platform. Even when the community moved from Steem to Hive, there were no big opportunities on Hive. The Hive Engine was in the experimental stage and I should say that even NFTs were...

As the TERRA Blockchain looks to be dying, others has officially started courting projects on the TERRA Blockchain

17 May 2022 2 minute read 4 comments Patch

The future for the TERRA Blockchain is uncertain at best. And will be for at least a few more days. The vote for the proposals is to be held on May 18th from what I understand. Where all LUNA holders get to vote on the future of the Blockchain. In th...

Kromatika — Celer AMA Recap

19 May 2022 7 minute read 0 comments Kromatika

On February 17th, 2022, our co-founder Aristokrates joined in an AMA on Celer Network's official Telegram channel to give fruitful information about the key features and roadmap of Kromatika, alongside announcing the additional liquidity farming rewa...