Blockchain News, Opinions and Analyses created by users.

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.


2022, The Year of Bitcoin - Blockchain Technology is Probably "The Sharpest Sword" We Have in Fighting The Establishment

14 Jan 2022 3 minute read 4 comments acesontop

I'm somehow becoming annoying with these types of posts and the talks I have with my offline friends, because I find all sort of reasons of leading any particular mundane talk on "the Bitcoin path". My experience with Bitcoin is little to almost...

Companies Using Blockchain Technology in 2021

9 Jan 2022 4 minute read 0 comments MintDice.com

Blockchain technology is the foundation of all cryptocurrencies. As cryptocurrencies like Bitcoin and Ethereum have gained popularity, so has blockchain technology. You might think that this innovative technology is only used by cryptocurrencies and...

Why 2022 Won’t Be Like 1492

11 Jan 2022 2 minute read 5 comments Pol Chain

Today, we celebrate the first glorious anniversary of the Information Purification Directives. We have created, for the first time in all history, a garden of pure ideology — where each worker may bloom, secure from the pests purveying contradictory...

Inflation, Correlation and Hope: Bitcoin Metrics | Crypto Market Update 1.14

15 Jan 2022 4 minute read 0 comments Gabi_

Bitcoin Metrics | Market Update | Major Crypto News | NEWBIES lesson of the day: Inflation   “Me buying the dip.” Disclaimer: I am not a financial advisor, everything on this report is financial opinion. Please consult your financial advisor...

Estate Planning with Cryptocurrency

9 Jan 2022 4 minute read 2 comments MintDice.com

Surely you have heard of estate planning and perhaps thought about doing it yourself. Having a plan for what is going to happen to your assets and possessions after you die is extremely important. With the rise in relevancy of cryptocurrency in rece...

Polkadot DOT: An Ecosystem of Connected Layer 1 Blockchains

8 Jan 2022 4 minute read 0 comments 2sats

*obligatory not financial advice*   What is Polkadot? Polkadot is a blockchain that aims to become an interoperable ecosystem of various side blockchains. With Polkadot each side chain or parachain can be its own project with its own features and spe...

What Is the Metaverse?

11 Jan 2022 14 minute read 2 comments CJen

I take it you've heard about this "metaverse" thing recently. Perhaps you saw Facebook's rebranding to Meta and the speech about being a "metaverse company" that came along with it. And Meta is certainly not the only company with this mission. By now...

Polygon Enters ZKPs - Plonky2

15 hours ago 2 minute read 0 comments xuanling11

Plonky2 is Polygon’s scalability solution on ZKPs. While Zero-Knowledge Proofs will be a standard after the Bitcoin standard, Polygon wants to become ZKPs era Ethereum.   TL;DR ZKPs is one of the most secure solutions on cryptocurrency’s technology....

Dear Satoshi Nakamoto: Did You Already Send Me the Cryptos?

12 Jan 2022 2 minute read 8 comments Pol Chain

I have written several emails to the creator/s of Blockchain and Bitcoin asking to send me cryptos just because! I was virtually begging ‘Alms!, alms for the unexceptional’ to the mystery founder/s. Would you believe what happened? Dear Satoshi...

3 More Common Crypto Scams

10 Jan 2022 1 minute read 1 comment TheTimeCraft

In the crypto world there are many more scams than you think. In 2021 scammers stole around $14 Billion from investors. These are a few common scams and ways to avoid them. 1) Fake Mobile Apps A way crypto scammers trick investors is by creating fa...