Blockchain

38,392 Articles 297 Followers

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.


Upland: Welcome to Cuba!

24 Apr 2022 7 minute read 14 comments Infinity_0

Wait, the title that I have given to this article actually seems futuristic, especially if we take into account that when I went to enter Upland from Cuba, my country, the browser's response was this: FORBIDDEN Uplandme, Inc. website, web application...

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...

Crypto Prophecies: Claim your $5 bTCP Tokens!

19 Jul 2021 3 minute read 9 comments SamBTC

One common recurring pattern that you will see again and again in the crypto space is deluge of copycats. Whenever someone comes up with a winning formula it will soon be followed by an endless array of duplicate projects. We saw this when the Uniswa...

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...

A Big Rally Inbound Come August?

22 May 2022 3 minute read 2 comments bitcoinflood

Will Ethereum Fuel The Next Rally Yet Again   I feel we in the crypto world owe a lot of our wealth and success to Ethereum. As much as people complain about the high fees it has done many things for us and has become one of the most innovative tok...

Portugal Will Tax Crypto In The Near Future

21 May 2022 2 minute read 8 comments Cryptopeach

Portugal has been talked about as the dream of any cryptocurrencies trader or holder. The country doesn't have any tax system on cryptocurrencies and everyone is free to trade, buy and sell without having to pay anything to the state. This situation...

1. Community Social Media - Odysee

12 Apr 2022 11 minute read 1 comment foxyfoxy

Recently banned from twitter, I am regrouping and looking at what I have called community social media sites. By that term I loosely mean those that reward creators with points/tokens/crypto for their content, are decentralised and generally free of...

Beldex(BDX): Building applications for the crypto world

20 May 2022 4 minute read 0 comments Eddyc

Greetings Friends;   This article is about Beldex, a project that aims to stimulate and rescue the concept of privacy and boost its use for the crypto world. But how? Through essential applications for the daily life of investors, users and supporte...

🍞 Sunday April 24 - 2022 🍞 @altavagroup

12 hours ago 1 minute read 0 comments 🍞SurDegen🍞

🍞 Dear Diary 🍞 What a surprise, look at my new jacket!! That is a dancing queen outfit.. I really need to get that things sorted to enter those clubs! It’s crazy what I have signed up for. I am amazed!  Take that jacket to my OG Trousers !!  I reall...