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.


The irruption of the Metaverse in 2022 is similar to the irruption of television in 1950

18 May 2022 10 minute read 6 comments SirGerardThe1st

Image by Oberholster Venita from Pixabay The arrival of the Metaverse is getting quite complicated. Technical posts abound with complex explanations and lack a conceptual vision of this new mass media version. Could it be that those who intend to tak...

Nation-State Adoption Is The Name Of The Game

20 May 2022 1 minute read 3 comments hifi.crypto

Read now to learn why nations will continue to flock to the Bitcoin standard in order to help their citizens find financial freedom and stability. Adoption in the Bitcoin space is a sight to behold. People from all walks of life are banding together...

BlockChains - My New Goal

10 hours ago 1 minute read 0 comments Joshyboi

While thinking about crypto and other random things that fill my brain I thought about block chains. So Presearch is moving to it's mainnet this week and next week. This got me thinking what could I create, what could be my brain child that I bring t...

Panther Quant and Kaizen Finance form a Strategic Partnership!

23 May 2022 1 minute read 0 comments Panther Quant

  Panther Quant collaborates with revolutionary no-code cross chain platform Kaizen & onboards Crypto industry expert Jason Kidd as Advisor! Panther Quant is pleased to announce the addition of Kaizen.Finance as their Strategic & Launch Par...

Civilianization is the future of DeFi

6 hours ago 2 minute read 0 comments CryptoJennie

The cryptocurrency market is facing another crash in 2022, and neither Metaverse nor Web3.0 will save the crypto market. Even God will want to escape this darkest time too. There are two reasons that can explain this. One is the cyclicality of crypto...

SIA Later Data Takers

23 May 2022 1 minute read 0 comments DeeCentralized

Almost every site or application you use wants your information. Your data helps them to perform better by identifying your needs as a user. Plus, it can usually be sold for a pretty penny. Decentralized applications and platforms are changing this n...

Ethereum 2.0 for the uninformed

20 May 2022 1 minute read 0 comments The Crazy Dude

Hey, I'm here again! Yes, the crazy dude who writes stuff on the internet! If you are reading my Post Maybe it is because you want to know what is going on with Ethereum 2.0. I'm not the best medium for in-depth information since I'm a newcomer to...

Crypto VC Thoughts: The Death of Terra

21 May 2022 4 minute read 0 comments xuanling11

Join BitDAO to earn a $BIT token here If you witnessed how the Terra collapsed, it would be similar to any Defi projects. So it is unsustainable if you really take a deep look at Defi projects and their founders/creators.   What Luna did is similar...

Beldex(BDX): Building applications for the crypto world

20 May 2022 4 minute read 0 comments Eddyc

Greetings Friends;   This article is about Beldex, a project that aims to stimulate and rescue the concept of privacy and boost its use for the crypto world. But how? Through essential applications for the daily life of investors, users and supporte...

Is Vladimir Putin's Russia behind the adoption of Bitcoin as a legal tender in Central Africa?

20 May 2022 3 minute read 2 comments ssaurel

At the end of April 2022, the Central African Republic became the second nation in the world to make Bitcoin an official currency. The African country joins President Nayib Bukele's El Salvador. This could be the inspiring story of a troubled nation...