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.


Abyss Finance(ABYSS): Delivering Solutions and Options for Society

20 May 2022 3 minute read 1 comment Eddyc

Greetings Friends; There are two derivative segments that have been gaining ground in recent years; DeFi and GameFI both follow the same line of reasoning, which in this case is decentralized finance without any interference from financial or admini...

Technical Analysis - Part VI

5 hours ago 6 minute read 0 comments cryptogod-1

Good day everybody, Welcome to CryptoGod-1's blog on all things crypto. Today we are going to continue the series on Technical Analysis and why it can be such an important asset for new or experienced traders. In this series I am covering some of the...

Critical vote for the future of LUNA and the TERRA Blockchain and legal troubles heading Do Kwon's way

19 May 2022 2 minute read 0 comments Patch

During the time when arguably Do Kwon needs to be as focused as possible. The South Korean newspaper Munhwa Ilbo was told by law firm LKB & Partners that they would file suit against Do Kwan next week. How will this impact TERRA? Will the lawsuit im...

One Of The Best Opportunities Currently On Offer From This Market

19 May 2022 3 minute read 2 comments Sapphire

Reaction Matters As an investor, you can do one of two things when the market shifts against you. You can either become disillusioned and lose hope, or you can begin scouting for opportunities. Wealth is created in bear markets and later realized in...

Chains.com – The Next Big Crypto Solutions Platform? [Get FREE vCHA Tokens]

18 May 2022 3 minute read 3 comments Heath Muchena

What is Chains.com?  Chains is building a stack of interconnected cryptocurrency-enabled solutions that are designed to make cryptocurrency more accessible to users. The project’s long-term goal is to provide businesses and individuals with a single-...

The New DOT Com

21 May 2022 1 minute read 0 comments DeeCentralized

While most of the population try to grasp the importance of blockchain technology, the crypto community is already working on the next big thing. Web3, hoped to be an innovative, decentralized, and tokenized version of the world wide web, is the new...

24 May: Unwise Price Predictions

21 hours ago 5 minute read 1 comment TheCryptoCurator

“You know you are on the road to success if you would do your job, and not be paid for it.”-Oprah Winfrey --NO TAX ON CRYPTO PROFITS!-- Happy Tuesday Folks! We are still trading sideways and normally these are great times to accumulate because the pr...

How much longer until Bitcoin's next halving event?

23 May 2022 1 minute read 1 comment EasilyRich.com

Many people are wondering how long is it until Bitcoin's next halving event? What happens during a Bitcoin halving? Well just read further to find out! One website that I personally use to check when the next Bitcoin halving is CoinMarketCap.  You ca...

Paper Offices, Wash Trading & Singapore's Role in Crypto Scams

1 hour ago 5 minute read 2 comments Thomas Wolf

The amount of scams in crypto is staggering and constant, with recent attention to projects using Singapore’s sovereign city-state laws to avoid paying taxes, all while being located somewhere else. “They can't collect legal taxes from illegal money....

17 May: Have Bitcoin Hit Bottom?

17 May 2022 5 minute read 5 comments TheCryptoCurator

“I don't dwell on success. Maybe that's one reason I'm successful.”-Calvin Klein --NO TAX ON CRYPTO PROFITS!-- Happy Tuesday Folks! There are a few big stories to watch that are getting the most coverage this morning. Andreas Antonopoulos told us bac...