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.


Who is Satoshi Nakamoto?

21 Dec 2019 1 minute read 0 comments dyhudyh

Satoshi Nakamoto. To this day, it is not known whether this is one person or a group of people, which further drives the Bitcoin theme.Satoshi Nakamoto first began writing about Bitcoin in 2008. Then he announced the start of work on virtual currency...

NIX Ghost protocol: Stay Ghost, stay secure.

21 Dec 2019 3 minute read 1 comment Dzoelx

  Send it in a wrapped parcel, or even better, put a seal on the parcel, probably sending the information in cryptic letters will be the best… humans continue their struggle to achieve absolute privacy amidst high frequency of human contacts and the...

United States Bill or Draft Related to Crypto

21 Dec 2019 1 minute read 0 comments HowToVids

Almost every country worked on creating laws on crypto. Some of the countries also implemented and some of the countries still in the process of creating regulations. One of the most awaited countries towards that many businesses, companies, and indi...

Is Bitcoin A Good Christmas Gift?

21 Dec 2019 1 minute read 2 comments dyhudyh

Christmas is fast approaching. This is a time when most people are thinking about presents for their loved ones. Shopping madness is at its best, but it is worth that our choices are thought out and bring the greatest benefits to the recipients. So m...

I WILL NOT Sell My Hydro Until January 2022 - Starting Today

21 Dec 2019 1 minute read 0 comments TheLowDown

The more research that I do into the Hydro project, the more I seem to like the idea of HODLing the token long-term. Previously, I did a post on committing to HODLing BAT tokens, earned in a number of ways (including but not limited to the Brave brow...

Cryptocurrency testing, South Korea is the country's largest telecommunications company

21 Dec 2019 2 minute read 0 comments Roberto D.

To report is the logical news DongA, yesterday, KT, the largest telecommunications company in South Korea, is ready to start a test on the use of a local currency in what is one of the most important cities in the country ; we are talking about Busan...

U.S. Patent for Transacting Bitcoin Through Email

20 Dec 2019 1 minute read 16 comments M87

Just recently the U.S. Patent and Trademark Office approved a patent to none other than Coinbase CEO Brian Armstrong. The patent claims to allow Bitcoin transactions to occur through E-mail. Source: USPTO.GOV How it Works Without getting too techni...

Dear Crypto: Is That Taylor Swift in Your Email, Or Are You Happy to See Me?

20 Dec 2019 2 minute read 0 comments Allen Taylor

Not long ago, I was editor of three niche online publications. Two of them were about crypto. When one of those gigs came to an end, a reader wrote to me and asked where else I was writing. I told him I was thinking about starting my own publication...

COULD THE STELLAR (XLM) DECLINE BE DUE TO THESE SALES?

20 Dec 2019 1 minute read 5 comments Slowmen

  COULD THE STELLAR (XLM) DECLINE BE DUE TO THESE SALES? 9 billion XLM were issued from wallets belonging to the stellar team, while 30 million USDT and 13 million USDC were printed. During the evening, there was a large amount of XLM outflows from...

BestDApp. ScientificCoin (science + blockchain) (crowdfunding, education, freelancing) review inspired by “Star Wars” (+ video-version). The most realistic “game” for everyone

20 Dec 2019 11 minute read 8 comments alexbiojs

(cover image source) I believe that ScientificCoin has a potential to become one of the best dApps. I guess that calling something “the best” is quite subjective and depends on the one’s experience, interests etc. I want to present (subjectively) cri...