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.


SNAX integrating the STEEM blockchain on May 14th

11 Aug 2019 2 minute read 0 comments niallon11

SNAX Blockchain This is an interesting project that came to my attention a few months ago and I signed up to it when I got the chance. What is Snax: Snax is a blockchain which rewards people for the content they create on public social media and pro...

Electroneum The Big App earn Cripto free

11 Aug 2019 1 minute read 0 comments lancelot7

Hello already know the app electroneum she mines virtual coins with it you mine for free in cloud to etn just download the app in playstore then create and confirm your account takes less than 2 minutes done this you click start miner payments are ma...

Meltelbrot #34 – Beyond Horizon – Interview with CEO, Simon Kertonegoro. Bringing us the World’s First ‘gamified’ Blockchain Rewards Program powered by Enjin.

11 Aug 2019 13 minute read 0 comments egamersio

Today, I’m chatting with well-known community stalwart and still Enjin Marketing advisor – Simon Kertonegoro. Recently, Simon took a step away from working for Enjin as VP of Marketing, to concentrate on Enjin adoption as CEO for the new platform – B...

Do you live in a free country? The answer could be in Bitcoin

11 Aug 2019 2 minute read 0 comments derwin25

  Can we really consider ourselves free? At a time when government surveillance and controls have reached unprecedented levels, Bitcoin may be the answer. You wake up in the morning, have breakfast, go to work, go to the movies or go for a walk, go h...

Blockchain in simple words

10 Aug 2019 5 minute read 0 comments shegcrypto

  When I turned to the future of money in 2017, I didn't have an idea what blockchain was all about. As I progress in my passion for bitcoin, I started stumbling on some great ideology that Bitcoin was built on which is housed by blockchain.   What...

Does the currency name matter in everyday life?

10 Aug 2019 1 minute read 0 comments nervi

Imagine the following situation. We get up in the morning, before work like every day we go to our favorite cafe for a hot Cappuccino. However, this purchase looks slightly different. Instead of a menu price of € 3 we see 10 different prices. Classic...

New Jersey's Blockchain Initiative Task Force is a vote of confidence for Blockchain

10 Aug 2019 1 minute read 0 comments CryptoTapas.com

New Jersey may soon move its record keeping to Blockchain, that is, if the newly formed Blockchain Task Force's study finds that Blockchain truly is a revolutionary technology that is bound to shift the way we transact, store and share data, especial...

Newdex: Top 10 Best Crypto DApps Review

10 Aug 2019 4 minute read 2 comments Jimmy D [The Uplift World]

  “The world’s largest EOS based decentralized exchange, which is developed and operated by Newdex Inc., upholding the characteristics of safe, fast and transparent, devoting to create a new-generation platform for digital assets exchange, lea...

DANI CLOS Spanish Race Car Driver on Crypto.

10 Aug 2019 2 minute read 0 comments Globatalent

  Daniel Clos Álvarez a.k.a Dani Clos or Dani is a professional Spanish race car driver who was previously the test driver for the now defunct HRT Formula One team. Current Team: Addax Team, Debut Season: 2009. Born on 23rd of October 1988 (Age 30)...

First Look into Compound Finance

10 Aug 2019 5 minute read 10 comments TwiceCrypto

This will be the first product that I will be reviewing as it has established itself as a pioneer of Decentralized Finance. Compound Finance is an open-source money market protocol built on the Ethereum blockchain and has taken up a large market shar...