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.


Fantom and Cardano among the “Projects better than Bitcoin”

22 Aug 2019 1 minute read 6 comments CryptoTapas.com

Weiss ratings has listed 3 Cryptos as being better than Bitcoin while clarifying that Bitcoin may still fair well in network strength and popularity. Two projects  among these 3 projects were revealed to DeCrypt:  Fantom and Cardano. While Cardano do...

MiraTrade possibly shutting down soon! (update 23 aust) last update 25 aust

22 Aug 2019 1 minute read 1 comment dvs007

(update 27 aust, site is gone. thanks for stealing from people Miratrade)Hello everyone, possible warning because I have an issue with miratrade right now.What is Miratrade?Miratrade is a cloud mining site that allows you to mine either Dogecoin, Lit...

Venmo Allows Anyone To See Who Pays For Strippers - This Crypto App Won’t Share Your Secrets

22 Aug 2019 5 minute read 3 comments h00li

In the world of ever-evolving FinTech, there are a plethora of new and fascinating financial applications available for you to be able to pay for things, whether it is your family & friends or to a merchant. Cash and checks are oldskool, really old o...

Bitcoin: Counting Down to a Breakout

22 Aug 2019 1 minute read 0 comments Workin

In my prior update, we discussed the real possibility of price breaking down to test the $9,950 support. That's exactly what happened. As of now, that support remains in tack. Price is operating within one big symmetrical wedge. As bitcoin approaches...

BEYOND BITCOIN. The Future of Digital Currency. Part IX The Prehistory of Money / The Superorganism

22 Aug 2019 9 minute read 2 comments CloudCoin

The prehistory of money "I am about to speculate about how money came to be. I considered leaving this part out because it is so odd that you may find it unbelievable. But I have been right about other things, so just go with me on this for a bit. Be...

How blockchain can make business development cheaper

22 Aug 2019 1 minute read 0 comments Cal_tv93

So in case, you don't know how blockchain can save you a lot of money when you make a form for social network or service that takes you to host a lot of files that also is being uploaded by its userbase for eg. DTube that make use of the steem blockc...

US Secretary of State Mike Pompeo: We must regulate cryptocurrencies like other electronic financial services

22 Aug 2019 2 minute read 1 comment MonoBlack

Pompeo suggested that Bitcoin is a threat to national security, and to illustrate the point, he referred to the anonymity of transactions related to the September 11 attacks. --- US Secretary of State Mike Pompeo, one of Donald Trump's closest adviso...

DAOBet (ex — DAO.Casino) Awarded Certificate of Integrity by GLI for Signidice RNG

22 Aug 2019 1 minute read 4 comments DAOBet

Join the discussion in DAOBet Telegram groups: International community [EN] Validators group chat Game developers group chat   Join our social media to keep up to date with all the announcements: Twitter, Facebook and LinkedIn.     We’re happy to a...

Exodus Wallet: Top 10 Best Crypto DApps Reveiw

22 Aug 2019 7 minute read 9 comments Jimmy D [The Uplift World]

  ‘Wrapping Solid Engineering Inside Beautiful Design   Without a doubt one of the most progressive wallet projects in the space, Exodus has rewritten the book on what it means to be groundbreaking and innovative with while still maintaining sleek d...

Why Libra is getting so much attention?

21 Aug 2019 1 minute read 4 comments Emad

Since the first news releases about Facebook's crypto (if you call it a pure crypto I believe), press and media have shown a massive amount of attention on this subject. Even President Donald Trump bashed Libra, which was unveiled just a month ago, s...