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.


Electric company of Arequipa Peru will use Blockchain to improve transparency in light collection

18 Aug 2019 1 minute read 0 comments MonoBlack

  The Electric Society of Arequipa seeks to improve the billing process, benefiting half a million customers.     The Electric Society of Arequipa (SEAL) in Peru enters a new stage of digital transformation by using Blockchain in order to improve...

Cryptocurrency stuck in one place

18 Aug 2019 1 minute read 0 comments OneHashCoin

Hi last few years of cryptocurrency give to Us many forks and sometimes I'm asking myself what peoples think when they do next copy of some coin/algo. Don't You think that at first point of creating new cryptocurrency we should focus on question : pu...

First Look into RealT

18 Aug 2019 7 minute read 4 comments TwiceCrypto

Investing in Real Estate is one of the most popular ways to grow your money as long term investors look to options in the property market for building their wealth. Not only does it generate rental income which is an additional revenue stream, the va...

My Introductory post

18 Aug 2019 1 minute read 0 comments dongentle2

I first heard about this awesome platform some months ago through the steemit platform. I have been here for a while and I love the way things are going. I am pretty much active on other content platforms. It is my tradition to always start with an I...

Daily Active Users Of EOS, Ethereum, IOST, And TRON DApps Totaled 188707 On August 17

18 Aug 2019 1 minute read 0 comments razeiv

  Citing data from DApp Total, as of 00:00 (UTC+8), August 18, EOS, Ethereum, IOST, and TRON DApps recorded 188,707 daily active users (DAUs), 70.99% of which were EOS-based.  1. Number of users: EOS (133,971) > ETH (35,134) > TRON (19,602) > I...

New Trend in Crypto Space? Here's Where The Big Money is Shifting

18 Aug 2019 1 minute read 3 comments Ed-california

A new report released by Outlier Ventures, published on August 13, shows a new trend emerging in the crypto space: development and focus seems to be shifting from the use of cryptocurrencies to its use in convergence applications. The report, called...

Innovative Digital Asset Trading Platform Including FOREX & Cryptocurrency

18 Aug 2019 2 minute read 0 comments sipa

                         "After Satoshi Nakamoto found Bitcoin in 2009, Bitcoin has emerged as the most successful cryptocurrency ever in the world. It’s become a global trend, sparking the imagination of technology leaders, entrepreneurs, and finan...

Combining Blockchain and 5G: Obstacles and Opportunities

18 Aug 2019 19 minute read 0 comments MintDice.com

What is Blockchain Technology? As far as emerging technologies go, blockchain technology has arguably generated more buzz than any of the others. In its short time underpinning several cryptocurrencies and decentralized applications, this database pl...

Hey Bankers, how about a feeless interledger protocol? Using NANO

18 Aug 2019 1 minute read 2 comments PH-X

  Okay, the thought experiment. If banks can agree to trusted NANO addresses amongst themselves. They kinda setup a private blockchain on NANO for fiat exchange settlement. Here's how it works. Fact: Settlement between banks are like an IOU. They...

Bakkt: Company will trade Bitcoin and may make price skyrocket

18 Aug 2019 1 minute read 0 comments PH-X

Beginning in September, Bakkt, a subsidiary of Intercontinental Exchange Inc., will allow its investors to trade assets with Bitcoin (BTC) for the first time. The decision was approved on Friday (16) by the New York State Department of Financial Serv...