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.


Advantages of investing into digital currencies

7 hours ago 1 minute read 0 comments John Jaynesis Manalo

With the birth of Bitcoin in 2009, it has opened the digital world with a lot of opportunities in field of investment. Lots of people even joined way early. They were intrigued by its potential and so, they bought assets for a cheap price. Some of th...

AROUND $1.2 BILLION OF BITCOIN MOVED TO ETHEREUM...!

7 hours ago 2 minute read 1 comment kamranrkploy

New Record for BTC to ETH conversion                                       In the world of cryptocurrencies and blockchain you can never really justify what could happen next.Something interesting occured and the above statement is really justified...

DeFi activity on Ethereum maximizes transaction fees

7 hours ago 1 minute read 0 comments redex

Despite the decline in the price of ETH, Ethereum activity remains at a multi-year high, as passion for DeFi is growing.   Last week, when Uniswap launched its token, the price of gas rose to 1000 Gwei. Gas is how the cost of Ethereum transacti...

The Power of #DeFi and #NFT

11 hours ago 4 minute read 0 comments zhephoi

#DeFi alone is quite complex already in my honest opinion; but what if you integrate it with #NFT? Quite the complex scenario here. But then again, it might just have the right twist given the right people for the job.       What is #DeFi? “This is v...

Venezuela gets Bitcoin Satellite

11 hours ago 1 minute read 6 comments MichaelD

This is great news for venezuela people because the service CryptoBuyer install this satellite to the venezuelan's people. If you didn't know about venezuela they are facing massive inflation and economy collapse around 2010 because their President s...

The Adventures of making a Crypto Tipping Discord Bot

11 hours ago 1 minute read 2 comments SamBroGaming

I was bored one day, so I asked my discord friends what kind of Discord Bot I should code. One of them was at the time developing a coin (which he later passed to someone else), but since he was lead dev at the time, he asked me to make a tip bot for...

LaborX unleashes Gigs onto the Binance Smart Chain

12 hours ago 1 minute read 0 comments Latitude Services

LaborX has just done something worthy of praise in the Blockchain Gig Space by making the option of selecting which chain you would like to create your smart contract. LaborX now includes support for Binance Smart Chain (BSC)! After the fluctuation o...

2KEY INTERVIEW with EREZ BEN KIKI by ALEXANDRE RAFFIN FROM GAINS ASSOCIATES

13 hours ago 1 minute read 0 comments GAINS Associates

  2key Network is a technology created to empower people and businesses to find their ideal target audiences using an open, decentralized collaborative network running on blockchain. 2key's long term goal is to give the protocol as a Npm package, ext...

Crypto hedge funds and mining regulations: Bad crypto news of the week

13 hours ago 2 minute read 0 comments NaNoStaff

Check out this week’s Bad Crypto podcast.   It’s been a difficult week for Bitcoin this week. The price has fallen about 5 percent over the last seven days to drop beneath $10,400. It could bounce but if it continues downwards, it might drop below $...

Weekly Briefing №79 | A New Era for Big Asset Managers?

15 hours ago 6 minute read 0 comments FinRev

Glass Steagall and FintechLast week, we messed-up The FR’s release time. Our apologies. Here’s our new edition, delivered freshly to you at the regularly scheduled time. Alliance Bernstein: New era or same old, same old? The rise of neo Glass-Steaga...