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.


The Story Of Bitcoin Pizza Day

25 May 2022 6 minute read 1 comment 0xVince

One of the most significant events in Bitcoin history, like the creation of the genesis block, is BItcoin Pizza Day. This story has been told many times, but some details may have been left out. We will dive a little deeper into the facts to understa...

Report Reveals That The Market For NTFs Continues To Grow

26 May 2022 1 minute read 0 comments Rubikkav

NFTs (non-fungible tokens) were one of the main trends in the cryptocurrency industry during 2021. But after last year's boom, the market experienced a sharp decline during the first months of 2022. Is it a temporary decline? or the end of the popula...

Hydro Development Updates 26 May 2022

26 May 2022 4 minute read 1 comment Project Hydro

Good evening everyone. Before we go further, we wanna share our thoughts on this month's biggest news. Even though Terra’s incident has been a setback for the entire crypto industry, we believe that moving forward the emerging web3 industry will be...

Modern Economic Nonsense — Bitcoin vs. Real Estate

27 May 2022 4 minute read 0 comments xuanling11

Have you claimed airdrops and played games to earn tokens? Try Pipeflare to earn popular tokens and play to earn here.   Banks hate Bitcoin ₿, and they cannot do anything about it. So, therefore, they are joining altogether.   I was not surprised b...

Funds Raise Billions for Bargains in the Crypto and Blockchain Space

15 hours ago 3 minute read 0 comments Cje95

Just last week I wrote an article about the current funding situation for crypto and blockchain companies even with the market downturn (if you have not read it here is a link to it). At the end of the article, I mention how the market the few days b...

Harvest Finance: Overhaul and Entrance into DeFi 3.0 Part 2

22 hours ago 3 minute read 0 comments Cje95

If you have not already read part one I would recommend doing so and here is a link to it!    Additional Info on Updates and Features From Part One   In Part One I mentioned a couple of the new things that this overhaul was bringing to the table. In...

What will happen after the Merge?

26 May 2022 7 minute read 2 comments Patch

I dabble a little in mining, I currently run 3 GPUs, dual mining Ethereum and Alephium. So I have been thinking and talking it over with a friend. Trying to figure out what we think is likely to happen after Ethereum moves over to PoS, or Proof of St...

Ch, Ch, Ch, CHIA

22 May 2022 1 minute read 0 comments DeeCentralized

Bitcoin's Proof of Work consensus algorithm paved the way to a new financial landscape, but critics continue to be concerned about the lasting impact it may have on the environment. With the world trying to be as eco-friendly as ever, blockchain tech...

Modern Economic Nonsense — A very long term view

14 hours ago 4 minute read 2 comments xuanling11

Did you know you can earn crypto through Honeygain now? Jumptask has partnered with Honeygain to boost your passive income! You can earn more than a 50% bonus through crypto! Check out here for the announcement and join here to earn your $5!   The...

5 Strategies to Follow in a Crypto Bear Market

18 hours ago 5 minute read 4 comments Cryptohyper

The Bear marketplace buying and selling techniques will equip you with higher thoughts of what to anticipate in a undergo marketplace. You can even put together for any marketplace turn down   Use Dollar Cost Averaging (DCA) and purchase the dip (At...