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.


16 May: Terra Maintains Its Grip On The Markets

16 May 2022 9 minute read 7 comments TheCryptoCurator

“Success is the progressive realization of predetermined, worthwhile, personal goals.”-Paul J. Meyer --NO TAX ON CRYPTO PROFITS!-- AN OPEN LETTER TO A BITCOIN-DOUBTING FRIEND ON WALL STREET Happy Monday Folks. The big stories to watch are getting lo...

Crypto, Down To Earth

13 May 2022 2 minute read 1 comment panterablack

No this can't be happening someone stop this bleeding. You know being down to earth is a great thing and very few people are found with this quality. Since people weren't giving value to this quality. Somebody tried to take it into their hands. The C...

How to start investing in cryptocurrency

22 hours ago 1 minute read 0 comments adereign

As you start to invest in cryptocurrency, it is important to learn as much about it as possible. This will give you a feeling for the market and the coins that are currently available. The easiest way to get started is to look at analyst reports, for...

The irruption of the Metaverse in 2022 is similar to the irruption of television in 1950

9 hours ago 10 minute read 3 comments SirGerardThe1st

Image by Oberholster Venita from Pixabay The arrival of the Metaverse is getting quite complicated. Technical posts abound with complex explanations and lack a conceptual vision of this new mass media version. Could it be that those who intend to tak...

Can Terra Luna make a comeback? — My opinion

15 May 2022 1 minute read 1 comment Maretti0x

Photo by Mariia Shalabaieva on Unsplash We all know what happened by now with the whole Luna ecosystem and there is one question that stays on everyone’s mind. Can Luna make a comeback? In my opinion, the answer is no. First of all, many people have...

Disappointed in the Financial System: Banks Believe Crypto Investors are Illiterate

13 May 2022 2 minute read 2 comments Drake Flyer

I have just come across the Bank of Canada’s report that claimed crypto holders have a low degree of financial literacy.   On a separate note, they have also stated: “Canadians who were young, male, employed, had a university degree, high family inc...

13 May: TERRA TERROR

13 May 2022 4 minute read 6 comments TheCryptoCurator

“If you want to be successful, find out what the price is and then pay it.”-Scott Adam --NO TAX ON CRYPTO PROFITS!-- Happy Friday Folks! We haven't seen news coverage like this since COVID broke out in 2020. Terra has dominated the news cycle and tha...

Technical Analysis - Part V

16 May 2022 8 minute read 2 comments cryptogod-1

Good day everybody, Welcome to CryptoGod-1's blog on all things crypto. Today we are going to continue the series on Technical Analysis and why it can be such an important asset for new or experienced traders. In this series I am covering some of the...

REKT Too Many Times

11 May 2022 2 minute read 0 comments R23

  Image Source Well here we are everyone. We are getting absolutely destroyed in dollar value throughout the markets right now, and yet I was still feeling confident enough to take some risks. Here are the three posisitions that I had liquidated j...

Surviving a Fall

13 May 2022 3 minute read 0 comments panterablack

I'll be lying here if I say I'm not affected with this Market crash. I am to be honest well I'm sure not just me. Everyone here are for sure. I have trust with Bitcoincash y'all know that I experience a lot of dump already and I didn't even falter. I...