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.


(IJCH) I like the Cryptocurrency Abundance Model - CAM (my acronym) more than UBI (Universal Basic Income)

26 Feb 2019 4 minute read 0 comments JaiChai

(IJCH) I like the Cryptocurrency Abundance Model - CAM (my acronym) more than UBI (Universal Basic Income)   Source   IJCH - Inside JaiChai's Head (Meaning: My Warped, Personal Opinions and Musings)   Source   From the Author: Salutations. I am JaiCh...

YellA Offers a New Advertising and Promotional Method

25 Feb 2019 1 minute read 3 comments Mchapeyama

Why does the world need a new advertising and promotion model: The one YellA Agency offers? The traditional marketing system is no longer as beneficial as before. One of the reasons for their failure is to do with the privacy issue. The traditional...

Demystifying the true Identity of Satoshi Nakamoto: Part 2

25 Feb 2019 2 minute read 0 comments everestbits

Dr. Craig an Australian computer scientist and nChain’s chief scientist came out in 2015/6 claiming that he was Satoshi Nakamoto in a BBC broadcast. The community tasked him to sign a transaction using the same key that Nakamoto used in his first tra...

(IJCH) "Old Wars", "New Wars" in the Computer Tech and Cryptocurrency Space!

25 Feb 2019 2 minute read 0 comments JaiChai

(IJCH) "Old Wars", "New Wars" in the Computer Tech and Cryptocurrency Space!   Source   IJCH - Inside JaiChai's Head (Meaning: My Warped, Personal Opinions and Musings)   Source   From the Author: Salutations. I am JaiChai. And if I haven't had the p...

Why Did Bitcoin Dump? - Goal: Life Changing Money! - 300m Users Meet EOS - Feb: Tron Hard Fork!

25 Feb 2019 1 minute read 0 comments CryptoBitcoinChris

Bank of the Future includes CryptoAnother Exchange loses private keysCryptopia UpdateWhy did Bitcoin dump?EOS introduced to 300mil usersThe goal needs to be Life Changing MoneyTron Hard Fork 3.5 upgrade●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●For Business Inquiries...

Emenate (MN8): World's First Blockchain Music Project for Producers, Remixers, DJ's & More

24 Feb 2019 1 minute read 0 comments djlethalskillz

Emanate is the world’s first blockchain music production workflow and community enabling music creators to have a digital revenue stream through collaborations with each other free of trust seamlessly and monetize all parts of their creative work in...

Domino Effect to Cause Explosion🔸Bitcoin Spikes Market!🔸#CryptoRevolution Spreading🔸1000 BTC Car

23 Feb 2019 1 minute read 0 comments CryptoBitcoinChris

Give CoinSwitch a Try: https://coinswitch.co/?ref=FOUN4PTZYD   Crypto's Domino Effect to Cause Price ExplosionBitcoin Spikes the MarketFidelity: Lightning NetworkWe Must Plant the Crypto SeedsCar purchased for 1000 BTCThe Crypto Revolution is Spread...

CryptoTraderLibrary (CTL) - A Resource for CryptoTraders and Investors

23 Feb 2019 1 minute read 2 comments Mchapeyama

There are many ways to earn income online, such as trading in cryptocurrency or stocks, crypto mining, investments and micropayments. Some of these opportunities are riskier than others. In most cases, the majority of fortune seekers choose less risk...

Musicoin License Distribution 'Secret'

23 Feb 2019 1 minute read 0 comments djlethalskillz

Did you know?The most amazing little secret within the track is the distribution of income to different creators. You will find it when you click "License Detail". Here's an example shown in the screenshot below: About MusicoinMusicoin (MUSIC) is a...

$1.5mil per Bitcoin! - Golden Cross Coming to Spark Bull Run! - History Shows BTC to Double in 2019

23 Feb 2019 1 minute read 0 comments CryptoBitcoinChris

If history repeats we should see $7500 BTC this yearBitcoin Golden Cross is coming to spark the next bull runBitcoin could swell to $1.5mil if all fiat and gold is absorbedMost BTC futures volume in historyConcerns over NEO's blockchainTop NEO dApp...