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.


Bitcoin Gource: Zapread.com

20 Dec 2019 1 minute read 0 comments fervi

Bitcoin Gource is a short film project showing the development of various Bitcoin projects in a quite spectacular way. You can slowly see how the program turns from a very small one into a "monster" thanks to the work of the developers. The film show...

Discussing my experience with playing Steem Monsters

20 Dec 2019 1 minute read 0 comments Solominer

  Using Steem's Dapps is quite important to me, and while trying out many a few have really stuck with me. One of those is Steem Monsters also known as Splinterlands. Recently new packs have been released with all new cards. I got myself a bunch of...

20/12/2019 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

20 Dec 2019 1 minute read 0 comments Daniella Blog

Hello, How is you day going?It's another edition of DAILY CRYPTOS PRICE UPDATE.Today: 20/12/2019For crypto's bears vs bulls, the market is still down with about +0.05%, causing great changes on almost all the coins in my list. There is hope.More bett...

Mark Zuckerberg, Financial Services Committee and Libra coin query analysis (5.Part) Last series

20 Dec 2019 3 minute read 1 comment Slowmen

  Mark Zuckerberg, Financial Services Committee and Libra coin query analysis (5.Part) HELLO FRIENDS BEFORE READING THIS ARTICLE I WANT YOU TO START THE FIRST SECTION SIZDEN.LINKS TO OTHER ARTICLES ARE BELOW 1.PART 2.PART 3.PART 4.PART   You can see...

OF COURSE THESE WHALES WILL PLAY THE MONEY GAME.

20 Dec 2019 1 minute read 0 comments Slowmen

  OF COURSE THESE WHALES WILL PLAY THE MONEY GAME The bitcoin whale played with the price of Bitcoin for the sake of a claim. A claim took place between two people on 12 December. The winner of the bet would be the owner of 5 million DOGE coins wort...

THE BIG FISH SWALLOWS THE SMALL FISH.BON APPETIT 💸 💸

20 Dec 2019 1 minute read 0 comments Slowmen

  Cryptocurrency exchange Binance has invested in derivatives platform FTX. The investment is reportedly worth tens of millions of dollars.The cryptocurrency exchange Binance continues to expand its Sunday share in derivatives. The stock market has...

The cryptocurrency industry lacks transparency

20 Dec 2019 1 minute read 0 comments Roberto D.

"The cryptocurrency industry lacks transparency", supporting the founder of Messari. Ryan Selkis, founder of Messari (a well-known and well-known supplier of statistical data on bitcoins and cryptocurrencies), gave rise to an interesting discussion o...

Paid by Publish0x in BAT - Payout Journal - Week #1

20 Dec 2019 1 minute read 0 comments TheLowDown

As you can see, I was paid 3.7649 BAT by Publish0x on Monday December 16th, 2019 at 5:10 GMT. I will continue to use this amazing platform, stacking, HODLing each and every opportunity that I get.  Thank you to all past and future supporters of the...

Bitcoin as a Dapp

20 Dec 2019 4 minute read 3 comments DeFi.

Before discussing bitcoin as a dapp, I'd like to shed some light on what a dapp actually is as many people seem to have a narrow understanding of the concept. So what is a dapp? Put simply, a dapp (decentralized application) is an application that ru...

Best DAPP- Uniswap- The best DEX for small to medium size trade.

20 Dec 2019 15 minute read 5 comments sacrosanct

There are two major milestones in the history of the crypto ecosystem. The first one is very known to all and that is the birth of cryptocurrency Bitcoin on the top of blockchain technology in the year 2009 and the second major milestone was in the y...