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.


VeChainThor Ascending the Throne

11 hours ago 1 minute read 1 comment Gideon6ix

VeChainThor Ascending the Throne Why VeChainThor is Good for Business by: Gideon 6ix What if there were a way to use blockchain technology to solve real-world economic problems? VeChainThor (VET) is doing just that, with a platform already used by ma...

It is still good time to purchase Hive for a 2X profit

16 May 2022 2 minute read 1 comment Bala

I feel that it is still a good time to purchase Hive. I say this because we have had tough times in the past as well. But in spite of that Hive was able to reach a new all-time high. When a new project kicks off on Hive or an existing project comes u...

Terra Luna will not rise from the dead like Lazarus did

13 May 2022 2 minute read 4 comments Defiant Pathfinder

Terra Luna had found itself a nice sweet spot among some prominent blockchains before but now it has drowned in the red sea and it's likely it will not come back from this. Most major Cryptocurrencies departed from the all-time highs 6 months ago but...

8

18 May 2022 1 minute read 2 comments toofasteddie

It seems that the Fear & Greed indicator has touched its lower limit for the fourth time in history today, we have reached an Extreme Fear level of 8... which could indicate the approaching end of the Bear Market, however, the complexity of the crypt...

Tomorrow Conference Belgrade, the largest Metaverse meetup in Europe, Day 1

16 May 2022 1 minute read 0 comments LeftFooted

The Belexpocentar is located in an area of Belgrade that looks like it was developed yesterday. That's because it more or less was. You'll find it on the south-west side of a long and wide avenue that runs from the West Gate Tower to the river. Arou...

Cryptoshares(SHARES): Transcending The Motivation

14 May 2022 3 minute read 0 comments Eddyc

Greetings Friends; This article goes beyond the simple idea of motivation and together with Cryptoshares(SHARES) I would like to leave our comfort to all those who suffered some kind of bankruptcy in the Terra(LUNA) project that in my opinion can co...

18 May: Is Your Crypto Safe?!

22 hours ago 5 minute read 1 comment TheCryptoCurator

“Nothing can be done except little by little.”-Charles Baudelaire --NO TAX ON CRYPTO PROFITS!-- Guess what day it is...HUMPDAY! It's a boring news day, nothing really earth shattering but it is imperative that you all keep your money safe in Crypto....

Thanks To Luna I’m Broke

16 May 2022 1 minute read 8 comments fmonkeyrock

I made a mistake and I admit it. This investment didn’t work out, all my other projects are at a lost too.  Many peoples life saving has been wiped out and the Terra Luna team is not communicating to the community. We have lost hope. In Two days my r...

Do Kwon pushes new version of his proposition to a vote, despite vocal opposition from the community

4 hours ago 4 minute read 4 comments Patch

While some changes have been made to Do Kwon's initial proposal, the broad strokes still remain the same. And this is the proposal he now has put forth to a vote on Terra Station. You can read the proposition in its entirety here, or use the link dow...

Stay strong even if you lose money in Crypto

12 May 2022 3 minute read 0 comments Bala

Today I was saddened by the fact that 8 people did suicide because of the market crash due to Luna. I'm hearing about this coin only in the last two days. Especially after knowing that it was the reason for the recent market crash. I was initially th...