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.


Installing the Nexus Bubble Plugin - No Code With Nexus

13 hours ago 1 minute read 0 comments Mandacm

This guide is a quick explanation of how to set up the Nexus Plugin in your Bubble application.   After setting up a new Bubble application, you will click on the Plugins tab on the left-hand side of your workspace.   Once in the Plugins tab, you wi...

VeChainThor Ascending the Throne

6 hours ago 1 minute read 0 comments Gideon6ix

VeChainThor Ascending the Throne Why VeChainThor is Good for Business by: Gideon 6ix What if there were a way to use blockchain technology to solve real-world economic problems? VeChainThor (VET) is doing just that, with a platform already used by ma...

Element (HYP): The Power is in your Decision

3 hours ago 2 minute read 0 comments Eddyc

Greetings Friends; I present to you the Element (HYP) project that brings to reality the POS (Proof of Stake) concept along with Crypto-city, a Social Media Platform for Crypto Enthusiasts/Projects that aims to spread and strengthen the crypto world...

What is Blockchain? How does it work?

17 May 2022 1 minute read 0 comments synix

Blockchain technology is probably one of the most-hyped improvements of the twenty first century. Developed to guide Bitcoin, blockchains now power hundreds of cryptocurrencies, and developers are operating on integrating the technology into business...

The Aftermath Of Terra (LUNA)

17 May 2022 2 minute read 2 comments Cryptopeach

Terra is a blockchain famous for its stablecoins and its high APY on UST, almost 20%. The blockchain went into a shock after UST lost its 1$ value and fell to under 10 cents, this brought the whole blockchain down with it. After losing the 1$ value t...

GoodDollar: can crypto be used for Universal Basic Income?

17 May 2022 1 minute read 0 comments LeftFooted

I've watched a fantastic YouTube video, or perhaps I should say a montage, highlighting four different views on UBI, Universal Basic Income. Two of the pundits were for it and two were a bit more dubious but all four presented valid arguments and no...

Politicians in Focus: What is Cryptos Influence on Washington DC and Regulators

9 hours ago 4 minute read 2 comments Cje95

I have to admit I love reading all the stories and posts about Crypto vs Traditional Finance and their influence on Capitol Hill. Since I work on Capitol Hill and I interact with some of the very people that some of these rumors involve I have to say...

China and Bitcoin.... A Complicated Relationship

3 hours ago 4 minute read 1 comment Cje95

Last year it seemed that China had officially shut the door on Bitcoin and the other cryptos out there. While it had previously been hinted at and the facilitation of crypto was becoming harder and harder once China banned Proof of Work mining (PoW)...

it is very unlikely that the cryptocurrency crash will reduce its impact on the climate.

9 hours ago 3 minute read 0 comments godzilla880

The crypto crash will not reduce the sector’s climate impact any time soon, an economist has warned, even though the environmental footprint of digital currencies is in theory set by their market value. “Unless bitcoin collapses further, there’s no r...

Changed My Mind About Crypto.com — from OK to TERRIBLE

15 May 2022 2 minute read 8 comments Drake Flyer

I loved Crypto.com. I loved their credit card. I loved their staking rewards. I loved their exchange. Now the love is gone, all I feel is disappointment and anger. The Story Behind It I’m active in the crypto world for two years. I didn’t get rich...