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.


FREE Sounds for Multimedia Projects.

21 Jan 2020 1 minute read 8 comments Solar Phasing

  Hey friends, :0) Today I share a different aspect of my sound work. I compose already for indie game devs, music but also background music, sound effects. I sell my music to indie games devs at low prices, and I also publish a lot of free stuff,...

NEW: CRYPTO TAX BILL! - SCAM: HIJACKED YOUTUBE CHANNELS! SOON: BITCOIN GOLDEN CROSS! ENERGI UPDATE

21 Jan 2020 1 minute read 0 comments CryptoBitcoinChris

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Price analysis 21, Jan Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash.

21 Jan 2020 1 minute read 0 comments haidernasir

Bitcoin, ethereum, litecoin, XRP and BCH has almost gained 1% to 5% in their prices. Here a price analysis of five cryptocurrencies. Bitcoin/USD Bitcoin is at $8,644.15 with a gain of 0.123454% in its price in the previous 24 hours. Bitcoin with its...

Interviewing Christopher Kramer From SoMee

21 Jan 2020 1 minute read 4 comments Scott Cunningham

I recently had the chance to discuss SoMee with Christopher Kramer who is the founder and CEO to learn more about the project and where it’s headed in 2020. SoMee is a blockchain-based social network powered by the ONG cryptocurrency which is an ERC-...

Ferrum Network Social Mining Update - 2020

21 Jan 2020 1 minute read 0 comments godlovermel25

Hello Everyone, have a blessed day!!! For this year 2020, a lot of new updates awaits for all Ferrum Network's users and supporters, especially for the FRM Social Mining participants based on the latest update from the Ferrum Network team through the...

Let's talk about Bitcoin(and crypto in general)

21 Jan 2020 2 minute read 2 comments DimitarM

In the past guys, I had my bank account and my salary frozen by local administration because of something someone else did. The feeling is really bad. And I had to find out when I was unable to pay the gas in the gas station - and I did not have enou...

Confidential Transactions: Why It's Important

21 Jan 2020 3 minute read 8 comments M87

As Cryptocurrencies joins the world economy with Bitcoin heading the way, there are also concerns for privacy even when it comes to crypto. There are a few privacy coins that focus on having the feature of Confidential Transactions and use different...

This possible new feature of the Brave Browser could make waves.

21 Jan 2020 1 minute read 4 comments MadMaxx

Sorry we all know that the Brave Browser was created to help us pay more attention online whilst surfing the web. Intrusive ads are removed from sites that we visit, and we are even given a heads up about the notoriety of a site before the site loads...

21/1//2020 Price Update: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litcoin, OX(ZRX), STEEM, Steem Base Dollars (SBD), Basic Attention Token, Bitshare, DAI, XRP, EOS, Binance coin, Huobi token, Maker

21 Jan 2020 1 minute read 0 comments Daniella Blog

  Hello,How is you day going?It's another edition of DAILY CRYPTOS PRICE UPDATE.Today: 21/1/2020HAPPY NEW YEAR!The market is getting very unstable these days.Today it will go up and the next day, it comes down.As at yesterday, it was down and today i...

Beyond the Bitcoin Hysteria - A Look at the Underlying Blockchain Technology

21 Jan 2020 2 minute read 2 comments Chronocrypto

Unless you have been hiding under a rock for the past year, you have probably heard about Bitcoin. The world's most popular cryptocurrency has been on a tear, rising to extraordinary heights and crashing back to earth just as fast.   Some Bitcoin...