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.


After Getting a Little Wobbly Last Week Tether Makes Some Changes

17 May 2022 3 minute read 0 comments Cje95

A few months ago when Tether first started disclosing the breakdown of assets that backed up its $1 peg the majority of their backing was in something called Commercial Paper. Commercial Paper, while not the world's worst thing, is still not a great...

Crypto VC Thoughts: Physical Assets vs Digital Assets

17 May 2022 5 minute read 0 comments xuanling11

Join BitDAO to earn a $BIT token here I run my own crypto VC now. But I am failing in many ways. So I am writing my own thoughts and share with my failure experiences.    It is funny that I was about to take a deep look at Terra, and it collapsed f...

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...

The Luna Foundation Guard (LFG) disclose how the funds where used to try and save the UST

17 May 2022 2 minute read 2 comments Patch

In a series of 11 tweets posted yesterday the Luna Foundation Guard (LFG), disclosed how they used the massive reserve, that was at their disposal. In an attempt to save the UST. Let us take a look at what was done. What was at their disposal In the...

While LUNA and TERRA are dying Polygon and Fantom courting TERRA projects

17 May 2022 2 minute read 0 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...

History of the development and evolution of the traditional mining industry

17 May 2022 6 minute read 0 comments AEX

Bitcoin mining has evolved into an industry with billions of dollars in annual production value, now producing about 650,000 Bitcoins per year. Mining has also evolved from initial mining with personal computers and graphics cards to clustering, spec...

You are your own bank!

18 May 2022 2 minute read 0 comments Dzoelx

The traditional financial system is faulty. Don’t get it wrong, there are no perfect systems and every set-up have their own shortcomings. The banking sector is putting plausible efforts towards simplifying the banking process and enabling customers...

8

19 hours ago 1 minute read 2 comments toofasteddie

It seems that the Fear & Greed indicator has touched its lower limit for the fourth time in history today, we have reached an Extreme Fear level of 8... which could indicate the approaching end of the Bear Market, however, the complexity of the crypt...

If Bitcoin was worth 1M, we would pay a staggering $76 in gas

17 May 2022 2 minute read 2 comments Patch

Let us do a little thought experiment with Bitcoin. I know there are many people who believe, and want, Bitcoin to break that 1M per coin value. But what would that actually look like? I mean for the use of Bitcoin. Lets us take a look and see what t...

What cryptocurrency had taught me

17 May 2022 1 minute read 0 comments adereign

The fact that we are even talking about the word cryptocurrency really isn’t new but it’s the first time we are actually seeing them go mainstream and become a part of our own everyday lives.That’s why I believe this is the best time to talk about my...