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 Bitcoin the future of Cryptocurrency?

16 hours ago 1 minute read jordanjnr $0.20 tipped

This post took a lot of research and time to out together. It'd be great if you could leave a tip by using the tip slider down below. Thanks. Let's face it. Bitcoin is a big,big deal. Whether you like it or not. But,as big of a deal as bitcoin is,cou...

Bitcoin mining giant Great North Data failed

17 hours ago 1 minute read Roberto D. $0.03 tipped

Great North Data, a Canadian company active in mining, has filed for bankruptcy, probably following insolvency; the CBC (Canadian Broadcasting Corporation) has reported this with an article published on its website yesterday. According to reports, th...

Is Ethereum the future of Cryptocurrency?

17 hours ago 1 minute read jordanjnr $0.04 tipped

This post took a lot of research and time to out together. It'd be great if you could leave a tip by using the tip slider down below. Thanks. Ethereum is one of the greatest ideas ever imagined,and one or the best uses or a blockchain I've ever seen....

A bank,but for your crypto

17 hours ago 2 minute read jordanjnr $0.10 tipped

If you find this post educative, entertaining or relevant,kindly leave a tip below to support my work. Thanks. Crypto transactions have come a long way. They've increased in speed, security,accuracy and yes, they've also increased in fees. And those...

OneConnect, the Chinese blockchain technology giant, presents a half-billion dollar IPO

18 hours ago 1 minute read Roberto D. $0.09 tipped

The news has a certain weight, given that we are talking about one of the new emerging Chinese technological giants, so the fact that it has decided to update its request for an initial public offering (IPO) with the SEC, bringing it from 100mln doll...

Bank of France Policy about Digital Currency

18 hours ago 1 minute read HowToVids $0.02 tipped

Every Country made law according to his own conditions and make a decision considering future needs. As now most countries see that the digital currency has the future. They are making laws and policies accordingly. The same is going to happen in Fra...

German Banks Are Planning To Offer Bitcoin in 2020!!

18 hours ago 2 minute read andreaskanel $0.08 tipped

How European Commission moves open  the way for banks to offer cryptos in the continent. The Germans rush to blockchain train and market image. Exciting news are taking place in Germany. Already the first bank to ask its depositors to pay, to make th...

Meet the youngest Millionaire Bitcoin holder - Erik Finman

18 hours ago 1 minute read Crypto Beeporter! $0.12 tipped

Introducing Erik Finman a 15years old boy that has 450 bitcoin holdings, He's the youngest person to become a bitcoin Millionaire. Based on the research he's bitcoin holdings growth for pass eight years worth about $4.5 Million in 2019 bitcoin price....

What is Beam (BEAM)? [A Comprehensive Guide to Understanding Beam]

18 hours ago 6 minute read Mr.CryptoWiki $6.44 tipped

When Satoshi Nakamoto introduced Bitcoin to the world back in 2009, it gave the world a great hope for an independent, dis-inflationary, and decentralized currency. It was also widely believed that Bitcoin provided financial anonymity. People thought...

Steemit CEO Ned Scott Explains Steem and Smart Media Tokens (SMTs)

18 hours ago 1 minute read Salvador_Pinochet! $0.12 tipped

https://www.youtube.com/watch?v=_XSeYWn00Cc   Well this is a video I shared from the official SteemIt YouTube channel! I will promote alternative social media platforms in Minds, BitChute, GAB and SteemIt; since well we may replace Facebook, Instagra...