Blockchain News, Opinions and Analyses created by users.

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.


Tezos (XTZ) is Becoming a Powerhouse in NFTs & Blockchain Gaming

15 Jan 2022 3 minute read 7 comments Zacharias

  1/12/2022: Tezos is a next generation smart contract platform that features a self-amending ledger, low transaction fees, and high network security. Tezos functions through its own native cryptocurrency tez (XTZ) which can be utilized for staking,...

Dips: The crypto poison

11 Jan 2022 2 minute read 14 comments Dzoelx

Down it goes! Dev sell? You quickly start to ‘hate it here’. Your gains are being flushed down; you should have sold earlier. Your 500% gain is currently down to 300%. Well, funny but this is the typical feeling when the charts start to turn red. Th...

Owned by the Top 0.1%: Why Bitcoin Deserves More Criticism

10 Jan 2022 4 minute read 22 comments Zacharias

  10 January 2022: Bitcoin is generally perceived as the golden boy of crypto - the biggest, most well-known coin that is seen as the industry leader of innovation, decentralization, and disruption. Bitcoin has some big time influencers pitching it,...

The Slow Rise of Polkadot: How the Project Achieved its Greatest Milestone in 2021

9 Jan 2022 6 minute read 14 comments 416Bitcoin

  Thanks to its unique design and prominent team, the interoperability- and Web3-focused blockchain project Polkadot has gathered quite some followers and supporters within the cryptocurrency community since its launch. Just like it was the case wit...

What Is Cryptocurrency For Dummies: How To Make Money With Crypto?

15 Jan 2022 4 minute read 11 comments StealthEX

Many investors have heard about cryptocurrencies, the ups and downs of Bitcoin prices, success stories when a few thousand dollars made people millionaires. However, the reality is more complicated than that. Before investing in cryptocurrencies, it’...

Primer on Proof of Work

14 Jan 2022 1 minute read 19 comments hifi.crypto

Throughout history, people have worked in order to get ahead. Manual labor was required in order to hone one’s craft and produce enough income to sustain oneself and one’s family. Those who worked the hardest and most efficiently were often rewarded...

Primer On Bitcoin’s Energy Use

10 Jan 2022 1 minute read 15 comments hifi.crypto

Throughout human history, our productivity and standards of living have been primarily impacted by technological development and energy consumption. It is no coincidence that the vast majority of our most powerful inventions (i.e., machines) use larg...

2022 - Crypto by Concept

14 Jan 2022 5 minute read 18 comments Thomas Wolf

As I return to the ether after some time away, I’ve noticed my outlook on the last couple of years in the marketplace has piqued a deeper interest in what drives people to use cryptocurrencies. “There is nothing worse than a sharp image of a fuzzy co...

Bitcoin ‘Technically Oversold’, Crypto Websites in Top 20, NEAR Price Prints New Record

15 Jan 2022 1 minute read 1 comment GetBlock

Analysts of Fidelity Investments indicated crucial support for flagship cryptocurrency as it re-claims $44,000 level. Bitcoin, the largest cryptocurrency, briefly tumbles below $40,000 for the first time since Sept.22, 2021. However, some indicato...

Focus On What Really Matters

11 Jan 2022 2 minute read 4 comments acesontop

One of the biggest mistake that my parents have made and I refused to do, is to treat the present, or plan for the future according to past patterns, achievements or fears. I'm not a spiritual person, but I believe we are everyday creating a potentia...