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.


Is Bytom (BTM) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

6 days ago 6 minute read CryptoBoomer $8.55 tipped

Many people say that cryptocurrencies need to be able to “interact” with real-world or physical assets before the world can take them seriously. There are some narratives out there that say blockchain is like a solution to problems that don’t exist...

Is Cosmos (ATOM) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

1 day ago 7 minute read CryptoBoomer $7.15 tipped

Cosmos and its native cryptocurrency called ATOM enjoy their rise to popularity in early 2019. ATOM called itself the “Internet of Blockchains” and it is trying to be the face of blockchain 3.0 after previously Bitcoin (blockchain 1.0) and Ethereum...

What is Aeternity (AE) [A Comprehensive Guide to Understanding Aternity]

1 week ago 6 minute read Mr.CryptoWiki $7.07 tipped

Blockchain is an innovative new technology that can revolutionize the way enterprise businesses and governments do business. It’s been declared “an important breakthrough” by China's President Xi Jinping and is increasingly being legitimized througho...

Ethereum Vs Ethereum Classic: Which one trumps the other?

19 minutes ago 2 minute read jordanjnr $0.03 tipped

This post took quite some time and effort to put together. I'd love a tip and follow to encourage my work. Cheers! I'll go ahead and say it. I've always wanted to write this post. But what really got me to start writing it was this funny post by @cry...

Blockchain Book Recommendation: Life After Google by George Gilder

58 minutes ago 1 minute read BlockchainAuthor $0.02 tipped

The Fall of Big Data and the Rise of the Blockchain Economy When's the last time you picked up a book? Was it years ago, back at university? Or was it just yesterday? Either way, even if you don't read, you know that you should. Feel like you don't h...

BTC Update Price

1 hour ago 1 minute read cryptonaito $0.01 tipped

The Bitcoin closed the previous session at $7,391 just below the weekly open which served as resistance. In order for a trend reversal to occur, BTC will have to register a higher high and therefore break its resistance zone (green rectangle) between...

TYCOON, THE NEXT GENERATION SOCIAL CRYPTO TRADING PLATFORM

1 hour ago 3 minute read Sodaf $0.02 tipped

INTRODUCTION Cryptocurrency trading is a very profitable job if one is experienced and understand all its basic technical and market fundamentals and sometimes it can turn to a Nightmares and great loss for someone who doesn't understand how the mar...

15% Staking Rewards is

3 hours ago 1 minute read ARMR_Network $0.15 tipped

ARMR Staking Rewards - Block 324022 reached After three months of higher rewards, ARMR network has now reached Block Number 324022. From here on the Rewards for Staking will be reduced to 5% annually, the normal rate. Please keep on staking your ARMR...

STACKING REWARDS INCREASED FOR XMAS!

3 hours ago 1 minute read ARMR_Network $0.04 tipped

Early ARMR Christmas Gift:Staking Rewards Increase Massively We will increase the ARMR Staking Rewards massively as a thank you to our supporters with the best wishes for Christmas. You can now earn 10% annually on staking your ARMR and supporting th...

Please meet the "SmartX blockchain mining system

4 hours ago 1 minute read Tommycacao $0.04 tipped

This is so portable and easy You can trade on coinbene You can build your own mining farm No electric bill Now meet the SmartX Blockchain Platform of MIB. The Mobile Platform concept on blockchain basis Smartphone mining that does not require special...

VECTORIUM, WORLD FIRST BLOCKCHAIN AND ARTIFICIAL INTELLIGENCE POWERED CRYPTO ENERGY PLATFORM.

5 hours ago 3 minute read Sodaf $0.08 tipped

  INTRODUCING VECTORIUM PLATFORM Vectorium is alternative energy generation ecosystem whose main focus is to solve the challenges associated with ever-increasing Waste production and their mismanagement.It is a platform Powered by Blockchain...

Is Litecoin better than Bitcoin?

6 hours ago 4 minute read jordanjnr $0.11 tipped

This post took quite some time and effort to put together. I'd love a tip and follow to encourage my work. Cheers! I love crypto fights. When one tries to outdo the other. And today's fight is : LTC Vs BTC. So similar. Yet so different. With one born...

DeFi: what it is, what it is for, what perspectives it has and some examples of decentralized finance platforms already in place

8 hours ago 2 minute read Roberto D. $0.13 tipped

As every cryptocurrency enthusiast knows the world of the blockchain industry is in constant evolution and perpetual mutation, there are constantly new trends and new opportunities, which succeed each other without interruption; if last year, just to...