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.


Powered up 3500 Hive today

14 May 2022 2 minute read 3 comments Bala

The crypto market is not having a good time in the last few weeks. Especially after the Luna incident, the market is crashing like anything. It appears that to manage the crash, the funds are flowing from the good coins to the bad coins to stabilize...

AEX Global 3-year Anniversary, Stablecoins mining to earn Doge coin

12 May 2022 2 minute read 0 comments AEX

As a thanks to our users, AEX will be running four promotions to mark the 3rd anniversary of AEX Global finance. Follow the step: ASwap - Activity Pool - USDT80%-USDC20% to participate in DOGE genesis mining, with a genesis APR of over 600%. More mys...

Wolf of Real Estate – Best Real Estate NFTs in 2022

13 May 2022 3 minute read 0 comments matrixmike

If you have been into the world of NFTs lately, then you must know how amazing it can be when you’re within a successful project. For the most part, NFTs have been centralized around artwork, which is great. But most don’t provide real-world utilitie...

How To Store Bitcoin on MetaMask

7 hours ago 2 minute read 0 comments Ayan Sinha

There are three ways to store bitcoin on MetaMask : A Paper Wallet A paper wallet is like a physical bank account where you have your ether stored, it is the best alternative to store your ether offline. Paper wallets are one of the most popular ways...

The Aftermath Of Terra (LUNA)

17 May 2022 2 minute read 2 comments Cryptopeach

Terra is a blockchain famous for its stablecoins and its high APY on UST, almost 20%. The blockchain went into a shock after UST lost its 1$ value and fell to under 10 cents, this brought the whole blockchain down with it. After losing the 1$ value t...

No Code With Nexus - Introduction

14 May 2022 2 minute read 2 comments Mandacm

In the last 22 months since Nexus released their Bubble plugin, the interest in No Code development has grown significantly within the Nexus Community. I have been fortunate enough to grow familiar with Bubble and Nexus over that time, and I feel tha...

ONIX Coin: what are the fundamentals of this possible new gem of the cryptocurrency market?

15 May 2022 1 minute read 0 comments The Crypto Crazy

Some time ago we made a post where we explained about the ONIX cryptocurrency airdrop. Today we are going to talk a little about the fundamentals of the project and why we consider it a project with a lot of growth potential. Come on? First, we need...

The Role of Stablecoins in a Decentralized Ecosystem

15 May 2022 4 minute read 0 comments NaderB.

The Role of Stablecoins in a Decentralized Ecosystem  Source Banks. As much as people may hate them, everyone to some degree needs them. However, not everyone has access to a bank account around the world or a safe place to store their hard-earne...

What is Blockchain? How does it work?

17 May 2022 1 minute read 0 comments synix

Blockchain technology is probably one of the most-hyped improvements of the twenty first century. Developed to guide Bitcoin, blockchains now power hundreds of cryptocurrencies, and developers are operating on integrating the technology into business...

DatingVerse NFT Minting: Audit Completed before Launch!

14 May 2022 2 minute read 0 comments Zied Chaabane

What is DatingVerse ? Dating + Metaverse,is a dating app like the usual dating apps but crypto and NFT based!Datingverse is bridging dating from web2.0 to web3.0. The development and technology of metaverse is still in the early stage, and every meta...