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.


BRAVE - Tomorrow's browser, today!

6 hours ago 3 minute read GoldKnight $0.03 tipped

I’ve been using the internet since I was about nine years old. If you can name a browser, then I’ve probably used it. Internet Explorer, Firefox, Chrome, Safari, Opera, Netscape, etc. Across various devices and operating systems, I’ve used dozens. I’...

Getting The Job Done is Simple with MYCRO JOBS!

7 hours ago 1 minute read nejibens $0.07 tipped

Mycro Jobs is considered nowadays as one of the most promising startup projects, that have great potential to succeed. The project's concept is genuine and their product ( The Mycro application) is expected to be largely needed in the future.   1. M...

Bitcoin: The Battle Rages On

7 hours ago 1 minute read Workin $0.36 tipped

The Battle between bulls and bears rages on as Bitcoin remains rangebound. Price managed to spike from $10,300 to over $10,700, but has done so on relatively low volume. In today's video we'll discuss where bitcoin may be heading next, key areas to...

A Quick Review Of Nano Project

9 hours ago 3 minute read Rumi $2.47 tipped

What іѕ Nano Coin? Thе term “NANO” іtѕelf hаѕ bееn officially re-branded frоm what wаѕ known аѕ “RaiBlocks”. At the beginning оf 2018, the company officials decided tо nаmе their cryptocurrency project (and the currency itself) Nano – this marked а...

Santander will include One Pay FX Ripple remittance service to Latin American clients

9 hours ago 2 minute read MonoBlack $0.01 tipped

The bank is building a "payment broker" that would allow customers in Latin America to send money to the United States instantly and free of charge. Banco Santander, born in 1857 in the city of Santander, Spain, is undoubtedly one of the most influ...

BEYOND BITCOIN. The Future of Digital Currency. Part VI CloudCoin - Putting Theory Into Practice / Blockchain Socialism

9 hours ago 12 minute read CloudCoin $0.04 tipped

CloudCoin History June of 2016 - Sean Worthington was sitting in his bath listening to the Stephan Molynuex Philosophy program when he realized that monetary systems are physical implementations of information systems and that money is data. If the p...

Most Exciting Crypto Projects Out Of San Francisco Bay Area

16 hours ago 3 minute read Adamic0 $3.73 tipped

Even if blockchain development and startups are quite a global phenomenon, with Asia and Europe really leading the way with innovation, there are several major projects in America that are are looking good to cause some quakes in various industries....

Cryptocurrencies seduce everyone and reach Hollywood

17 hours ago 2 minute read derwin25 $0.06 tipped

  Some artists of the Californian set are associating with some companies to try to link the cinema with the cryptocurrencies. The world of cryptocurrencies increasingly attracts thousands of people eager to know the new digital money market that is...

The story of why Bitcoin and Ethereum forked; and why EOS can't.

1 day ago 9 minute read @cryptomandate $5.23 tipped

A time not long ago The year is 2009, and just as the year was starting Bitcoin is born on 3 January. Its inventor Satoshi Nakamoto mines the first block containing a reward of 50 bitcoins. This genesis block had a message embedded on it reading 'The...

A Quick Review Of Waves Project

1 day ago 4 minute read Rumi $3.49 tipped

What Iѕ Waves? Waves іѕ a blockchain platform which you саn uѕе to create уour own custom token. Whether уоu want tо crowdfund а project, build out а loyalty rewards program, оr create аn in-app currency, the Waves platform mау bе worth looking int...