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.


How do stablecoins work?

12 May 2022 3 minute read 2 comments Eligma

Cryptocurrencies are highly volatile, and the current market situation is only emphasizing their notorious reputation. But crypto space also offers an alternative – tokens that don’t fluctuate in price but comply with all other aspects of cryptocurre...

The Next Era of Crypto - Cosmos & Evmos

13 hours ago 2 minute read 4 comments Thomas Wolf

A match made in heaven, Cosmos (ATOM) and Evmos, are paving the way for the next era in blockchain & cryptocurrency tech. “We must accept finite disappointment, but never lose infinite hope.” ― Martin Luther King, Jr. Despite the current bear market...

The Myth of Stablecoin

9 May 2022 4 minute read 4 comments xuanling11

Tired of fees for using Bitcoin? Try Bitcoin no-fee app Strike here starts with $10 for free.     Stablecoin is essential to Defi. However, stablecoin is not as stable as it sounds 🧐.    Particularly, when the market has weakened, the stablecoin l...

Integrating 1inch network

12 May 2022 1 minute read 1 comment Symbiosis Finance

Today we’re proud to announce that we’re partnering and integrating 1inch to enable the best price discovery for cross-chain swaps.    That’s a tremendous step for us as now we will be using the best on the market solution for arbitrary asset swaps,...

Keep calm and HOLD...

15 May 2022 2 minute read 6 comments qsyal

It's the bear market... Alright... here we are coming to the end of what's been probably one of the longest and most brutal weeks in crypto's history, and I know It can be very hard to focus on much else when your portfolio is looking the worse for...

The Biggest Issue Facing Further Crypto Adoption

23 hours ago 3 minute read 0 comments Cje95

Last week was a terrible week for the crypto market as a whole. Not only were assets down across the board but one of the few coins and blockchains that had bucked the downtrend of this year completely imploded. Terra Luna's implosion was a huge blow...

The Rise of Ponzinomics

14 May 2022 7 minute read 2 comments Patch

One of the last trends in the DeFi crypto space is projects that in some way shape or form involve Ponzinomics. And if you are unfamiliar with the word, these two synonyms to it might be more familiar; Ponzi Scheme and Pyramid Scheme. What is Ponzino...

What is the worth of LUNA? Let us try and figure it out

16 May 2022 5 minute read 10 comments Patch

After talking a little back and forth with ScreenTag in the comments of one of my posts I got inspired to write this post. So first and foremost I would like to say thank you to ScreenTag, so thank you! We have been talking about the possibility to s...

How Many Bitcoin Investors are Underwater and Where Does El Salvador Fit into This?

10 May 2022 4 minute read 1 comment Cje95

Investors in the Red With the huge correction across the markets, yesterday Bitcoin was by far one of the biggest stories in both the crypto community but also in traditional finance. During its bull run and during the first few months of this year t...

Why the Recent Dump of CRO Should Serve as a Warning

10 May 2022 1 minute read 7 comments NeoNeoLiberal

  An Overperformer in Underperforming the Market Although the entire crypto market as a whole seems quite content to catch fire and burn, a standout star of this recent market crash is the Cronos coin. A layer one blockchain with a lot of potential...