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.


Earn $3 with Coinbase! Hurry up!

5 Aug 2022 1 minute read 2 comments ShibaLove

  Coinbase gives you 3$ with learn and earn program!   Earn HOPR for free!     What is HOPR?     HOPR (pronounced 'hopper') is a messaging protocol that preserves privacy and a decentralized network with economic incentives on a blockchain. HOPR pro...

Exorde platform is decentralized, open and transparent.

18 hours ago 3 minute read 0 comments MoonVoyager

By right, the Internet today can be considered the most convenient and accessible source of information. Currently, the global network has combined a huge number of servers, which host a large number of sites containing a variety of information. It...

Reddit Moons Moon!

9 Aug 2022 1 minute read 1 comment AskingAndQuestioning

Announced this morning, r/CryptoCurrency Moons are being moved to Mainnet! They are pairing with Arbitrum Nova which is a scaling network on the ETH Mainnet. However, because of this migration, Moons will be unavailable for the near future as everyth...

Bravers

3 Aug 2022 1 minute read 0 comments toofasteddie

Since BITCOIN fell below $30,000 almost a couple of months ago, I am buying the same amount in dollars every day, sometimes more, sometimes less, but always the same amount of $, even now that we have started a 15-day trip through the Yucatan, I have...

Metaple Finance - An Innovative Decentralized Finance Platform on Binance Smart Chain Which is Reinventing the Financial System

6 Aug 2022 5 minute read 0 comments Brainardpaul

It is evident that the financial market has experienced several ups and downs, ranging from stock market expansion to cryptocurrency metamorphosis, major economic meltdown and what have you not. One of the platforms that has been established to...

The storm isn't over: More shocks await markets

4 Aug 2022 1 minute read 0 comments Stormgain

July ended on a positive note, with Bitcoin recording its best monthly gain since November 2021 and crypto funds showing their best investment inflows since early 2022. But markets remain tense, and some experts predict the strongest shocks in 50 yea...

Binance will remove 7 cryptocurrencies from its platform

6 Aug 2022 1 minute read 0 comments ShibaLove

If you are a Binance client, you will have to withdraw seven cryptocurrencies as the platform will remove trades with these.   With the price of cryptocurrencies falling, it is possible that these coins were not having a good trading volume.   This s...

Coinbase gives you 3$ aleph.im!

4 Aug 2022 1 minute read 0 comments ShibaLove

      The coinbase program Learn & Earn gives you 3$!   What Is The Utility of the ALEPH Token?   "Aleph is a cross-blockchain layer-2 network, specifically focused on decentralized applications and their related infrastructure (storage, computing se...

DeFi Protocol Aave Proposes On-Chain Stablecoin GHO

11 Jul 2022 2 minute read 2 comments Zacharias

11 July 2022: Major DeFi protocol Aave (AAVE) recently proposed what would become an on-chain, decentralized stablecoin called GHO. The GHO token would be launched on the Aave Protocol with the backing of the community & DAO, allowing users to mint G...

Solana is recovering after a vulnerability was found in a third-party service

4 hours ago 1 minute read 0 comments Stormgain

For Solana users, the last 24 hours have been full of anxiety, as social media was flooded with posts about blockchain-based wallets being hacked and no official comments being given. Phantom and Slope wallet users most frequently reported losing mon...