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.


Bitcoin - Stability In A Chaotic Market

17 May 2022 1 minute read 0 comments R23

  I saw a report just after the LUNA fiasco that the LFG had sold almost all of their BTC reserve (roughly 40,000 BTC) in order to continue to try to re-peg UST. That means that within just a few days, BTC withstood a huge percentage of it's suppl...

Terra-UST Saga - How to repair the trust when there is no trust built on

14 May 2022 5 minute read 0 comments xuanling11

Join BitDAO to earn a $BIT token here   Life is with surprises 🤯. For one month, you can be on the moonshot 🚀🌕 and for another month, you are bankrupt completely 💸❤️‍🔥.    Some may say this is the nature of the crypto space, but it does not have to...

Fantom Blockchain offers Terra Blockchain project

16 May 2022 1 minute read 1 comment Yugocean

     Fantom Blockchain has made an offer on Twitter to Terra Luna developers and asked them to contacr.      Since the Terra Blockchain's downfall, all Terra Luna projects have been closed. Some serious developers are currently searching for a new bl...

After Getting a Little Wobbly Last Week Tether Makes Some Changes

17 May 2022 3 minute read 0 comments Cje95

A few months ago when Tether first started disclosing the breakdown of assets that backed up its $1 peg the majority of their backing was in something called Commercial Paper. Commercial Paper, while not the world's worst thing, is still not a great...

Still researching

13 May 2022 1 minute read 0 comments toofasteddie

As befits the end of every cycle, the crypto market has had its bubble burst which I think has been sobering for most. For those who have been in this market for a short time, a couple of years or so, I have to tell you that what has happened in rece...

Don’t Trade on Uphold

14 May 2022 1 minute read 6 comments fmonkeyrock

Uphold Customer service is terrible or nonexistent. I have contacted them many times with promises to be contacted back within 24 hours, they never get back. I find them unethical and cheating the crypto buyers  in their platform. I just converted my...

Crypto VC Thoughts: Physical Assets vs Digital Assets

17 May 2022 5 minute read 0 comments xuanling11

Join BitDAO to earn a $BIT token here I run my own crypto VC now. But I am failing in many ways. So I am writing my own thoughts and share with my failure experiences.    It is funny that I was about to take a deep look at Terra, and it collapsed f...

As the TERRA Blockchain looks to be dying, others has officially started courting projects on the TERRA Blockchain

17 May 2022 2 minute read 4 comments Patch

The future for the TERRA Blockchain is uncertain at best. And will be for at least a few more days. The vote for the proposals is to be held on May 18th from what I understand. Where all LUNA holders get to vote on the future of the Blockchain. In th...

The Luna Foundation Guard (LFG) disclose how the funds where used to try and save the UST

17 May 2022 2 minute read 2 comments Patch

In a series of 11 tweets posted yesterday the Luna Foundation Guard (LFG), disclosed how they used the massive reserve, that was at their disposal. In an attempt to save the UST. Let us take a look at what was done. What was at their disposal In the...

History of the development and evolution of the traditional mining industry

17 May 2022 6 minute read 0 comments AEX

Bitcoin mining has evolved into an industry with billions of dollars in annual production value, now producing about 650,000 Bitcoins per year. Mining has also evolved from initial mining with personal computers and graphics cards to clustering, spec...