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.


09 Jan 2022: Crypto on Sale!

9 Jan 2022 2 minute read 2 comments TheCryptoCurator

"Education is the most powerful weapon which you can use to change the world."-Nelson Mandela 01/09 - Bitcoin: $41,543.89 | Dom: 40.5% | HR: 167.191 EH/s01/08 - Bitcoin: $41,349.80 | Dom: 40.2% | HR: 175.672 EH/s01/07 - Bitcoin: $41,833.00 | Dom: 39...

Is PayPal ready for this?

11 Jan 2022 1 minute read 2 comments Adrian Dan

PayPal Holdings, the American fintech company , has confirmed its intention to launch its own stable currency, called PayPal Coin. The development of a native stablecoin was originally discovered by Steve Moser in the source code of the PayPal applic...

11 Jan 2022: Short Squeeze Coming?!

11 Jan 2022 5 minute read 0 comments TheCryptoCurator

"Determination is the wake-up call to human will."-Tony Robbins Bitcoin: $41,774.51 | Dom: 40.5% | HR: 165.980 EH/s This Just in: Major Bitcoin warning issued by Billionaire Paul Tudor Jones, However investment giant Fidelity to add Bitcoin exposure...

Cosmos ATOM: The Internet of Blockchains and its Inter Blockchain Communication

5 hours ago 4 minute read 0 comments 2sats

*obligatory not financial advice*   What is Cosmos? Cosmos is a project that is trying to make it easy to bridge coins from one blockchain to another. It provides a system of various specialized blockchains that are all connected. The founders of Cos...

I don't think he's the 11th richest in the world...

10 Jan 2022 1 minute read 1 comment toofasteddie

I am SURE that he is THE RICHEST IN THE WORLD.Read carefully, "Changpeng Zhao's net worth overtook Asia’s richest billionaire Mukesh Ambani despite Bloomberg excluding his personal crypto holdings such as BTC and the exchange’s in-house BNB tokens."...

BITCOIN: 3 Bullish Signals but the Volume still scarce

11 Jan 2022 1 minute read 0 comments toofasteddie

I am still cautious, I do not think that the volume accompanies what I see... however, BITCOIN does not seem like a bad chart.Yesterday was an incredible day, there is a real battle between Bulls and Bears and it seems that the $40,500 is the battlef...

Craig vs People

15 Jan 2022 3 minute read 0 comments xuanling11

What if Satoshi Nakamoto wants Bitcoin privatized? It seems likely that Dr. Craig Wright wants exclusive rights over Bitcoin. Yet people who are using Bitcoin and are benefiting from it would like Bitcoin to become open source as long as possible.  ...

Crypto and Sports: A Match Made in Heaven?

10 Jan 2022 6 minute read 1 comment 416Bitcoin

  As crypto is heading towards mainstream adoption, industry participants are continuously looking to branch out to new markets to reach more users. The nearly $400 billion global sports market is one of the most favored targets of cryptocurrency bu...

Hedging Your Portfolio Through Daily Habits

11 Jan 2022 4 minute read 2 comments Sapphire

Multiple Ways To Get The Job Done Discerning market trends and short-term cycles can be extremely hard at times. Just look at today, an announcement by the FED can send the market tumbling in an instant. It doesn’t matter if the technicals and fundam...

PeakD | Beginner tips to blog more efficiently

16 Jan 2022 1 minute read 0 comments Frosttag

  Not signed up for splinterlands yet? Make sure to use this link and sign up! There are many differente Frontends that you can use to blog on HIVE. I have mainly been using PeakD and have learned a couple of things since I first started using PeakD...