Blockchain News, Opinions and Analyses created by users.

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.


Pi Network: Crypto For All

5 hours ago 1 minute read Maxrkb $0.08 tipped

For the large majority of people interested in crypto, access to popular coins such as Bitcoin, Ethereum, and Litecoin is extremely restricted because of the immense resources and technical experience required to efficiently mine. As well, with the i...

Over 54% of BTC transactions in 2020 use SegWit

5 hours ago 1 minute read yemyy $0.07 tipped

Despite much criticism against Segregated Witness (Segwit) since its implementation in 2017, the solution to scale Bitcoin continues to see an increase in the number of transactions over the years. Data from Segwit.space, a platform that monitors the...

Discussing PUML With Damien King

6 hours ago 1 minute read Scottcbusiness.eth $0.04 tipped

I recently had the chance to discuss PUML with Damien King who is the co-CEO and co-founder. We talked about what the PUML ecosystem is, what it offers, and how you can participate in fitness challenges to earn PUML tokens. PUML is a blockchain fitne...

One Stop Cryptocurrency News Cast For Today ?

6 hours ago 3 minute read One Stop $0.06 tipped

📮28-01-2020   📈MarketCap:                  $249 B 📊24h Mcap %:                  2.92% ⚠️Bitcoin Dom:                 65.5%   📌Active Coins:                2,401 📍24h Vol %:                  27.96% 💲24h Vol:                     $78 B   Trade On These...

A storm of global rivalries to develop CBDCs is brewing

7 hours ago 4 minute read fklivestolearn $0.03 tipped

The major central banks are investigating potential use cases of the digital equivalents of fiat currencies at an accelerated pace   If there has been one overwhelming factor that has precipitated these aggressive moves by the global central banks to...

An Update about: Bitcoin Cash and Music Microtransaction?

8 hours ago 1 minute read Solar Phasing $0.38 tipped

Hello Friends, A few days ago I was writing a little reflection on the possibility of monetizing music with Bitcoin Cash. I got some very interesting information through the messages left by many users, everywhere. Today I am making a small compilati...

A Sloth's Tail.

8 hours ago 2 minute read SlothlyD $0.03 tipped

So. Where to begin, This is a story all about how my life was flipped, turned upside down. I'd like to take a minute, just wait, right there, to tell you how i became the prince of....Dappstats....Yeah..doesnt really work but lets roll with it, it's...

10 things you might not know about Davos

8 hours ago 4 minute read Jillian Godsil $0.03 tipped

Freelance journalist Jillian Godsil popped her Davos cherry this year and learnt ten surprising things you might not know about Davos Now in its 50th year, the World Economic Forum (WEF) summit was first launched by German economist Klaus Schwab. The...

Carbon Money (Stablecoin) Leaves EOS

9 hours ago 3 minute read zogintl $0.06 tipped

OVERVIEW Carbon Money has announced that the project is leaving the stablecoin space. The team said that they would instead be pursuing their “better-performing credit/debit card on-ramp.” Some, particularly those from the EOS community, were caught...

Parachute Weekly Update: Parachute Townhall, Welcome $GET to ParJar, Uptrennd reaches 50k members, Fantom on IncognitoChain... – 6 Dec - 12 Dec'19

10 hours ago 7 minute read Abhijoy Sarkar $0.45 tipped

Hi Parachuters! As part of 2 of 3 from today's rapid catch up series of pending updates, here’s your week at Parachute + partners (6 Dec - 12 Dec'19):   As mentioned last week, Cap and Ice hosted a townhall to talk about where we are at and where we...