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.


Creators Can Now Use Decentralized Social Media to Monetize Their Content and Engage with Their Audience

20 Jan 2022 4 minute read 0 comments Mynah Marie

  Disclaimer: The author’s opinions are their own and do not constitute financial advice in any way whatsoever. Nothing published by the author constitutes an investment recommendation, nor should any data or content published by the author be relie...

The Guide To Bastyon & PKOIN

21 Jan 2022 24 minute read 1 comment Scott Cunningham

Welcome to the comprehensive guide to the crypto-monetized social platform Bastyon and their cryptocurrency PKOIN. We will cover every aspect of the platform and using the cryptocurrency in this tutorial. https://youtu.be/TVoBuFw_Bxw In this guide w...

Let's Talk Splinterlands - Implications Of A Bear Market

22 Jan 2022 5 minute read 2 comments Khazrakh

With the price action we've seen in the last 48 hours it's probably safe to assess that we are finally certain to be in a bear market again. 69,000$ is going to stay as an all time high for BTC for quite a while now and the market will have to adjust...

Centraverse: The Centralized Metaverse

14 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...

US Fed Released Report on CBDC

20 Jan 2022 1 minute read 0 comments Keith Thuerk

US Fed Released Report on CBDC   It should come at no surprise to anyone that their is continued Global focus on CBDCs by Governments large and small. Today the US Federal Reserve (which is neither a Government organization nor does it provide any re...

Bitcoin Breaks the Rules, Including Its Own

21 Jan 2022 4 minute read 2 comments Sapphire

A Unique Path Looking back in history, one is able to see how many times Bitcoin has been declared dead and how many times it also defied predictions. Choosing rather to travel its own path, Bitcoin established itself as a truly unique asset, unlike...

Coinbase Customer Service Alive

22 Jan 2022 2 minute read 0 comments xuanling11

Coinbase has notoriously customer service that put users on hold for months without answering their questions. Now they launch live support to try to gain their reputation back.   TL;DR Coinbase live customer service may be a game-changer for their b...

Can Blockchain Drive Gaming Industry to Full Decentralization?

12 hours ago 4 minute read 3 comments FX Empire

Blockchain may be able to drive the gaming industry into a state of complete Decentralization. The gaming industry has been around for many years. It is a multi-billion dollar industry that continues to grow year after year. It is safe to say that b...

Solo Home Miner Earns 6.25 BTC Reward – Should You Try Your Luck by Mining Bitcoin From Home?

19 Jan 2022 4 minute read 8 comments ssaurel

A lucky miner has just won the big Bitcoin mining lottery. Indeed, a solo miner managed to mine a block of transactions on the Bitcoin Blockchain with very modest mining capacities: only one or two machines. Its mining capacity was 126 TH/s, which wa...

21 Jan 2022: Final Flush?

21 Jan 2022 4 minute read 0 comments TheCryptoCurator

"When something is important enough, you do it even if the odds are not in your favor."-Elon Musk Bitcoin: $38,789.80 | Dom: 40.4% | HR: 174.826 EH/s Breaking: Nations to adopt Bitcoin, crypto users to reach 1B by 2023: Report | Exclusive: Crypto Hed...