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.


End of the Crypto Market?

12 May 2022 4 minute read 1 comment xuanling11

Join BitDAO to earn a $BIT token here The market has crashed 🔥! Or has it 🤔?    Many people wonder where the bottom will be and how far the market bottom can reach😨?    The internet is filled with conspiracy theories about how $Luna has been manipu...

10 May: Dead Cat Bounce?

10 May 2022 3 minute read 4 comments TheCryptoCurator

“Behind every successful man there's a lot of unsuccessful years.”-Bob Brown --NO TAX ON CRYPTO PROFITS!--  MOST COVERED Bitcoin (BTC) Briefly Trades Below $30,000 Sinking to New Yearly Low (BIC | CryptoPotato | TDH | Decrypt | Forbes | TB | Cointel...

Going Down to Zero — Crypto — NEVER

14 May 2022 2 minute read 1 comment Drake Flyer

Thoughts on the market It is red. It is bad. It is terrible. RED I am losing more money than I make daily working. At least on paper, because unrealized losses are not really losses. Growing up in a family that never owned shares, bonds or had any ot...

'Twas a Bloody Monday: Why and What Can You Do

9 May 2022 4 minute read 1 comment Cje95

By now I am sure you have seen Bitcoin and the crypto market overall.... well they plain just got slaughtered today. It was a brutal sharp drop however that is not to say it was completely out of left field. Pick an asset class, a section of the econ...

Sorare Continues its Expansion in the Fantasy Sports World

13 May 2022 3 minute read 0 comments Cje95

Fantasy sports have been around a lot longer than I think people understand reaching all the way back to the 1800s. Amazingly the sport it was created for was the one that really launched it in the modern era as well. For those of you who do not know...

LUNA: reasons for the vertiginous fall and what to expect for the future

12 May 2022 1 minute read 6 comments The Crypto Crazy

This week cryptocurrency investors had (and are still having) a big scare: the LUNA cryptocurrency, which was once worth about $120.00 per unit, entered what it's called the death spiral, costing $0.01 per unit this Thursday (12). But what was there...

The Myth of NFT

11 May 2022 4 minute read 1 comment xuanling11

Have you claimed airdrops and played games to earn tokens? Try Pipeflare to earn popular tokens and play to earn here.   NFT becomes a clear path to easily rug-pull people.   Everything seems okay until the market weakens itself 📉.     An NFT proj...

Modern Economical Nonsense — The Treasury Problem

16 May 2022 5 minute read 0 comments xuanling11

Are you frustrated with unknown market conditions that brought down your profits? Come to learn about investment here with a 50% off discount.    When you join Finimize, you become part of something much bigger: a community of one million like-minde...

ENS: The Next Big Thing in Crypto

15 May 2022 3 minute read 4 comments SamBTC

If you have been around in the crypto space for a while you would have noticed that the biggest gains are made if you are able to enter projects build around a new concept early in the game. Whether it is that alt coin that does a 100X, that DeFI pro...

Satoshi Nakamoto is a Billionare

16 May 2022 1 minute read 0 comments Drake Flyer

Background The elusive and mysterious creator of Bitcoin that goes by the pseudonym Satoshi Nakamoto released his Bitcoin whitepaper in 2008. His idea came in times of financial crisis, as a revolt against big banks, which were responsible for the do...