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.


Markets Can Flip In An Instant

23 May 2022 2 minute read 1 comment R23

  Image Source Inefficiencies The more time I spend reading about and participating in financial markets such as the stock or crypto market, it becomes more and more apparent just how sensitive the markets actually are. With just a word or a rum...

PARTNERSHIP ANNOUNCEMENT — DropsTab & GetBlock

24 May 2022 1 minute read 0 comments GetBlock

GetBlock now has a partnership with a great project DropsTab   About GetBlock GetBlock is a Blockchain-as-a-Service (BaaS) platform that provides instant API access to full nodes from multiple blockchains.  GetBlock gives users access to both shared...

If You Can't Build, Then Write

25 May 2022 1 minute read 2 comments R23

  Image Source The Meaning One thing that keeps coming up during this bear market is the concept that we need to keep building. Now I view that in two different lights. On one hand, building to me in the concept of continuing to work on a projec...

What Is Ethereum ETH Coin for Dummies? When Will Ethereum 2.0 Launch?

16 May 2022 5 minute read 7 comments StealthEX

Ethereum is a blockchain project second only to Bitcoin in terms of capitalization and popularity. Smart contracts have created a convenient environment for dApps developers, and the blockchain is used for instant P2P payments.  How Much Is 1 Ethereu...

Crypto VC Thoughts: Defense Crypto Investment Methods

22 May 2022 6 minute read 0 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! Crypto...

What will happen after the Merge?

20 hours ago 7 minute read 0 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...

Layer 2 Trading Live on Numio

24 May 2022 1 minute read 0 comments Mark Anstead

  What’s New in Numio v2.6   At Numio we continually innovate to bring you the best user experience and lowest fees, so it makes us very happy to announce that Numio has had an upgrade – a big one. TL:DR we now have support for Layer 2 token swaps, L...

Exclusive Access To Formula Oneⓒ Parties with World’s First Invite-Only NFT Memberships powered by Amber Lounge

3 hours ago 1 minute read 0 comments Bit Media Buzz

In what seems to be a first-mover for the NFT sector, Amber Lounge, an exclusive luxe lifestyle Pop-Up party brand, well known for providing outstanding experiences in and out of the Formula One world, is now offering special NFT-based VIP membership...

Did you eat pizza yesterday?

23 May 2022 2 minute read 3 comments The Crazy Dude

Hey, I'm here again! Yes, the crazy dude who writes stuff on the internet! Pizza Day? Great! Bitcoin pizza day? Even better! I'm late, yesterday was May 22nd and on that same day, 12 years ago, for the first time in history a payment was made with...

Which top100 shitcoins will go to hell this Bear Market?

20 May 2022 1 minute read 3 comments toofasteddie

I remember the previous cycle, I ended up with a good part of my hodling shitcoins until "the end"... I remember BITSHARES (what a centralized shit dear Larimer), EOS, STEEM, SYSCOIN, REP, VERGE (hahahah, the pornhub shitcoin!), FACTOM, DigiByte... a...