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.


StakeWise is to staking what CEXes are to exchanging: Destroying crypto's trust-free nature

4 May 2022 2 minute read 0 comments Kovichni

The first time I've heard of this SWISE thing was when I asked someone what the point was of holding 27 ETH and just barely miss the 32 ETH minimum which then enables you to stake it, and he then told me he was already staking about half of that on S...

Terra Luna will not rise from the dead like Lazarus did

13 May 2022 2 minute read 4 comments Defiant Pathfinder

Terra Luna had found itself a nice sweet spot among some prominent blockchains before but now it has drowned in the red sea and it's likely it will not come back from this. Most major Cryptocurrencies departed from the all-time highs 6 months ago but...

2022 Prediction #1: L1 Scalability

1 Jan 2022 4 minute read 0 comments xuanling11

I start this series just to express my opinions about what crypto may evolve in 2022. Maybe it will not but my hope is they can do better.   With more and more users joining the crypto universe, scalability is a challenge for Layer 1 platforms such a...

SPAC In Focus: Blockchain Moon Acquisition Corp.

23 Nov 2021 4 minute read 1 comment RocketEnthusiast

The Crypto/SPAC Frenzy With Bitcoin, Ethereum, and other cryptos making new all-time highs recently, it's no wonder that SPAC sponsors have taken to raising funds specifically to pursue a deal with a crypto-related company. There have been a number o...

Learn how to make big profits using kucoin trading bots

26 Apr 2022 5 minute read 0 comments cryptoexperience

  Promoting the use of cryptocurrencies in an accessible way to more users is an essential task to make them more useful in our daily lives. Since its creation, there have been many technological advances and innovations that we have seen born, whic...

Near Protocol (NEAR) Vs. Elrond (EGLD) - The Sharding Battle

10 May 2022 1 minute read 2 comments Cryptofab

Sharding is a technology allowing to increase a blockchain's throughput, which will be used by ETH 2.0. Several blockchains are already using this technology: Polkadot, Zilliqa, Kadena, Near Protocol and Elrond. In this article, we will focus on Near...

What Is DeFi in Crypto? Is Decentralized Finance the Future?

5 May 2022 4 minute read 8 comments StealthEX

What is DeFi in crypto world? In cryptocurrency, DeFi means decentralized finance. What is decentralized finance? It’s an umbrella term that engulfs those cryptocurrency projects that are geared toward building a brand new, internet-native financial...

Press-release: BSC space battle Noft Games (released)

7 Apr 2022 2 minute read 0 comments Noft Games

SPACE, far from Earth — an abandoned spaceship became a battle arena for Nofts. Noft Games has started! Noft Games is a free-to-play blockchain deathmatch show where competitors battle for glory, experience, and BNB on the fringes of space. Technical...

What the heck is Duckcoin and does it still exist?

11 Jan 2022 1 minute read 1 comment LeftFooted

I love Algorand. Big fan. I'm super bullish on Algorand. Mainly because of its user-friendly wallet with a built-in yelding system (wrong expression, but I wanted to use it), by which I mean: all you have to do to earn Algo on your Algo is leave your...

#JETNFT Contest and Giveaway - $1,200 in $ETH Rewards!

20 Dec 2021 4 minute read 108 comments igort

Woohoo, a new contest is upon us for this festive season. It's a unique, fun contest focused on a solution that is a digital fuel that gives fans a unique opportunity to benefit from their favorite talents, leveraging Jetcoin’s interactive multimedia...