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.


BEYOND BITCOIN. The Future of Digital Currency. Part XI The Future is Happening Now / RAIDAtech

24 Aug 2019 10 minute read 1 comment CloudCoin

"Best way to predict the future is to build it!" Honest Abe A new currency and new freedom Economists say that money is a store of value, a medium of exchange, and a unit of account. "I hate to insult the entire branch of study, but it seems these e...

AIGO Ecosystem and Platform: Integrating Blockchain into e-Commerce!

24 Aug 2019 2 minute read 0 comments nejibens

AIGO is one of the most useful startup projects nowadays, because its concept is attractive, and its coming platform is expected to be largely needed by the crypto community in the near future. Let's explain this project a little bit more in this art...

Why don't ordinary people know about blockchain, cryptocurrency?

24 Aug 2019 1 minute read 0 comments the01crow

  This is a question that is always around, for those of us who are fortunate enough to use blockchain in its different applications, be it games, dapps, blogs, microtransactions, we know the potential of its use. But, the common users have the idea...

Kyber Network is not a DEX, it is a DeFi Platform

24 Aug 2019 3 minute read 3 comments littleboy

Kyber Network is often viewed by investors and community members as a decentralized exchange (DEX). But this is a misconception. It is true that the main features of Kyber are similar to other decentralized exchanges. The Kyber Network team also mana...

The Application of Blockchain in the Food Industry

24 Aug 2019 5 minute read 2 comments MintDice.com

Blockchain has been making headlines in many industries, including banking, gambling, real estate, energy, healthcare and even entertainment. The praises and misconceptions keep flying around about its ability to change every global industrial platfo...

BINANCE'S CLAIMS VENUS STABLECOIN PROJECT to assist FACEBOOK'S LIBRA

24 Aug 2019 1 minute read 0 comments Originalcryptoz™

Binance exchange has announced its Venus project which many deeming as a competitiveness of Facebook's cryptolibra. ButCEO of binance thinks otherwise.     VENUS, THE REGIONAL LIBRA. According to information, Binance helps to  develop of coin and m...

Cryptopia - Your Funds Are Not Lost

24 Aug 2019 1 minute read 0 comments Medal182

The company itself has announced progress in securing and preserving exchange funds. A hacker victim in January, the exchange said on August 21 "it has made good progress towards securing and preserving Cryptopia's crypto properties for the benefit o...

DApp Data Review August 24

24 Aug 2019 1 minute read 0 comments razeiv

Citing data by DApp Review, as of 09:00 on August 24 (UTC), there are 1,896 ETH DApps, 586 EOS DApps, 547 TRON DApps, and 30 IOST DApps. 1. Top 3 ETH DApps by user volume in the past 24 hours are: My Crypto Heroes (2,618), SuperPlayer (1,020), and Pl...

dStorage - a single source of truth for your data. Very exciting AMA with the CEO of 0Chain

24 Aug 2019 1 minute read 1 comment Seed0c

Not many people realize that what 0Chain is bringing to the table is a game-changer for decentralized storage.  Check out this AMA with 0Chain CEO, Saswata Basu. Link to the AMA: https://twitter.com/i/broadcasts/1YqGodeqLgbJv You can also read the fu...

Facebook Libra Might Lose Some Of Its "Friends" As It Faces Regulation Issues

24 Aug 2019 1 minute read 0 comments CryptoChartWizard91

It seems that there is trouble in paradise as the confidence in Facebook's upcoming stable coin, Libra, starts to erode. Two of Libra’s early backers and founding members have already held some discussions about their “right next steps” to take in l...