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.


The Best Automated Blockchain Tools in 2022

22 hours ago 5 minute read 0 comments ICODA Agency

Crypto has brought about many inventions in the field of finance that either hadn't been possible or weren't accessible to wider audiences. Thanks to the advent and the continuing spread of the blockchain and crypto, users of any level can now enjoy...

Hacks reported on Acala stablecoin, BlueBenx, etc. Was at least one hack a HOAX?

14 Aug 2022 3 minute read 1 comment I-HODL

So get this, friends, there's been reports of yet  another multimillion dollar hack on a high yield crypto lending platform, only this time, investors don't believe the story is true. Go figure.  The affected company is the Brazilian crypto lender, B...

How To Import Private Key In Metamask | How to Import MyEtherWallet | Crypto Ustaad

17 Aug 2022 1 minute read 0 comments Crypto Ustaad

How To Import Private Key In Metamask. Step by step guide on how to connect your Ethereum address to MetaMask wallet by importing wallet through Private Keys You can use MetaMask wallet for interacting with your Ethereum address generated on any oth...

My Monthly Hive Stats and Hive Power Up day

1 Aug 2022 2 minute read 0 comments Bala

Today Hive had a massive pump and the price almost doubled. Nobody would have expected such a massive pump. I hear some people saying that they all booked their profits and made some decent money by selling their Hive. This is a good thing. I don't h...

Possible Trade Setup - Day Chart - Fantom (FTM)

24 Jul 2022 1 minute read 0 comments Blue Face

Hey Folks. I got my eye on a possible trade setup for Fantom (FTM) on the Day Chart.  On the chart above I've listed my current plan for Fantom, I plan to enter the trade at the Golden Pocket using Fib Retracement Tool at or near $0.2946 with 5% of...

How Time Flies! Two Years Ago, Michael J. Saylor Decided to Go All-in on Bitcoin With MicroStrategy

11 Aug 2022 4 minute read 0 comments ssaurel

August 11, 2020, will remain a special day in the history of Bitcoin, just like September 7, 2021. On the first date, it was on the day that the CEO of a large American tech company listed on the stock exchange announced that his company was fully co...

😎 How to capture crypto bullish and bearish signals?

20 Jul 2022 2 minute read 2 comments Candlestick

  This is a quick guidebook for identifying bullish & bearish signals of 14 token metrics on Candlestick.   30+ tokens charts and metrics, Real-time Trade Feeds, and Actionable Bullish & Bearish Signals, all of which you can get in Candlestick. This...

Returning firmly is Axie Infinity.

16 Aug 2022 1 minute read 0 comments Vigoorian

A Double Bottom pattern is generally a bullish chart pattern, and it came during an extremely scared, uncertain, doubtful period of time for markets, when bitcoin briefly dropped as high as $17,600 over the weekend, and ETH dropped to a low of $880....

Solana collapses on hacking news

5 Aug 2022 1 minute read 1 comment Stormgain

Over 8,000 wallets are compromised, with cumulative losses exceeding $8 million. Users are advised to transfer funds to a cold wallet and not to click on suspicious links. SOL has dropped 7% in 10 hours, and the attack continues. At this point, it's...

Top Reasons why Your ECommerce Business Needs Libra Incentix

8 Jun 2022 3 minute read 0 comments Publish0x PRs

This press release was published on Publish0x on behalf of clients. In any business engagement, customers are king. Without them, it flounders, and everything that project founders had in mind collapses.  For this reason, advertising and brand devel...