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.


Is Bytom (BTM) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

6 days ago 6 minute read CryptoBoomer $8.55 tipped

Many people say that cryptocurrencies need to be able to “interact” with real-world or physical assets before the world can take them seriously. There are some narratives out there that say blockchain is like a solution to problems that don’t exist...

Is Cosmos (ATOM) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

1 day ago 7 minute read CryptoBoomer $7.15 tipped

Cosmos and its native cryptocurrency called ATOM enjoy their rise to popularity in early 2019. ATOM called itself the “Internet of Blockchains” and it is trying to be the face of blockchain 3.0 after previously Bitcoin (blockchain 1.0) and Ethereum...

What is Aeternity (AE) [A Comprehensive Guide to Understanding Aternity]

1 week ago 6 minute read Mr.CryptoWiki $7.07 tipped

Blockchain is an innovative new technology that can revolutionize the way enterprise businesses and governments do business. It’s been declared “an important breakthrough” by China's President Xi Jinping and is increasingly being legitimized througho...

What is Beam (BEAM)? [A Comprehensive Guide to Understanding Beam]

1 day ago 6 minute read Mr.CryptoWiki $6.61 tipped

When Satoshi Nakamoto introduced Bitcoin to the world back in 2009, it gave the world a great hope for an independent, dis-inflationary, and decentralized currency. It was also widely believed that Bitcoin provided financial anonymity. People thought...

Is NEXO A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

1 day ago 7 minute read CryptoBoomer $6.57 tipped

Nexo is the leading crypto loan startup that has the potential to get much bigger in the upcoming years. Before the start of cryptocurrency’s rise in popularity a few years ago, nobody was thinking about getting a loan through blockchain-based asset...

5 Must Have Cryptocurrency Asset Management Tools for Everyday Use

5 days ago 13 minute read Abhijoy Sarkar $4.48 tipped

As we head towards the close of 2019, Rohit and I recently sat down to discuss the year that has been for cryptocurrencies and what it has meant for the industry in general. A major trend this year has been the emergence of new financing avenues thro...

The Most Interesting Blockchain Applications Today Aside From Bitcoin

3 days ago 6 minute read cam_elica_24 $4.17 tipped

With all the hype surrounding Bitcoin, Ethereum, Litecoin and other cryptocurrencies, casual observers tend to overlook the intriguing and revolutionary technology that underpins it -- blockchain. In fact, it’s often been said that although cryptocur...

Best DApp CloudCoin Wallet / LIMITS ARE ONLY IN IMAGINATION

1 week ago 11 minute read CloudCoin $3.53 tipped

The CloudCoin Wallet  Build on Post-Blockchain RAIDA technology WE BUILD TOOLS THAT CHAGE THE WAY YOU THINK LIMITS ARE ONLY IN IMAGINATION DEAR FRIENDS! Let us introduce you our unique technology - first of its kind! Our mission is to provide a “per...

How & Why You Should Get An .ETH Address With ENS

2 days ago 2 minute read Scottcbusiness.eth $2.89 tipped

The Ethereum name service is an amazing project that allows you to purchase and set up a human-readable .eth address for people to send various cryptocurrencies to. ENS will handle all the transactions, all you need is one address and today I’m going...

Top 10 Most Popular Blockchain Projects

5 days ago 6 minute read ChangeNOW $2.75 tipped

One of the biggest races in the industry is achieving the most transactions per second. Every projects wants to have the fastest blockchain that can handle the most transactions, but they are forgetting something important. You can have the fastest...