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.


I Hesitated To Switch To Brave For 2 Years Until I Realized It Works Just Like Chrome, but is 3x Faster, no Ads and Can Use All Chrome's Extensions

1 week ago 4 minute read Ra.Tomps $9.20 tipped

I have known about the Brave browser for a pretty long time now. I have been within the space since early 2017 and have managed to be able to see just a couple of up and down swings during my short time here. Back in October 2017, I had invested a fe...

Cardano is on a Hiring Spree - A Sign that Gives Me More Confidence in the Project

5 days ago 1 minute read Da_Sound $5.46 tipped

Cardano is a project that has high approval among the cryptocommunity, and even in polls has been shown to have the highest positive sentiment among the many projects in the market. Cardano is building a next generation blockchain platform that is sc...

The story of why Bitcoin and Ethereum forked; and why EOS can't.

1 day ago 9 minute read @cryptomandate $5.23 tipped

A time not long ago The year is 2009, and just as the year was starting Bitcoin is born on 3 January. Its inventor Satoshi Nakamoto mines the first block containing a reward of 50 bitcoins. This genesis block had a message embedded on it reading 'The...

A Quick Review Of Theta Project

1 day ago 5 minute read Rumi $4.61 tipped

Overview Theta Network іѕ trying tо build а decentralized video streaming platform, that aims tо revolutionize the wау video content іѕ distributed асrоѕѕ the Internet bу tаking advantage оf the decentralized nature оf blockchain technology. Users...

Nano Payments Faster Than Centralized Systems - New Viral Video Makes Merchants Want To Implement Nano

4 days ago 1 minute read JamesM $4.49 tipped

A Reddit user, nanoissuperior, has posted an interesting video related to the NANO project, showing a contactless point of sale device that lets transfers be made with NANO.  The video shows the users sending 1.90 NANO to the merchant via contactles...

The Most Important Development You Never Knew

5 days ago 5 minute read viraladmin $4.47 tipped

Most people in the cryptocurrency industry have heard of the consensus mechanisms called Proof of Work (PoW) and Proof of Stake (PoS). Today I want to introduce you to a lesser known proofing mechanism and why this mechanism is so important. Proof of...

A Quick Review Of Dogecoin

2 days ago 3 minute read Rumi $4.44 tipped

  Whаt іѕ Dogecoin (DOGE)? Whіlе Bitcoin mау bе thе poster boy fоr thе crypto market tаkіng аll оf thе attention аnd аlѕо thе flack іn mainstream media, Dogecoin lіkе іtѕ Meme inspired background, lives cosily оn corners оf thе internet аnd survives...

Recent Lawsuit Against Ripple Explained

4 days ago 1 minute read Brawnd0 $4.30 tipped

Bitcoin proponent Tone Vays has said that Ripple is about to face some severe scrutiny from the United States Securities and Exchanges Commission. Vays hosts the Bitcoin Law Review podcast, and has worked on Wall Street. He tweeted on August 13, sayi...

New Trend in Crypto Space? Here's Where The Big Money is Shifting

1 day ago 1 minute read Ed-california $3.84 tipped

A new report released by Outlier Ventures, published on August 13, shows a new trend emerging in the crypto space: development and focus seems to be shifting from the use of cryptocurrencies to its use in convergence applications. The report, called...

Most Exciting Crypto Projects Out Of San Francisco Bay Area

16 hours ago 3 minute read Adamic0 $3.73 tipped

Even if blockchain development and startups are quite a global phenomenon, with Asia and Europe really leading the way with innovation, there are several major projects in America that are are looking good to cause some quakes in various industries....