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.


How close is cryptocurrency to being ‘the new cash’?

26 Apr 2021 3 minute read 10 comments Dzoelx

Source I’m pretty sure the caption already raised some arguments in your mind. For every cryptocurrency and blockchain enthusiast, this is expected. Despite cryptocurrencies and blockchain technology gaining a whole lot of other use cases recently, t...

What Is The Truth About Buffett And Munger's Opposition To Bitcoin❓

4 May 2021 3 minute read 22 comments Willson-Deng

Faced with Munger and Buffett’s criticism, BTC remained unmoved On May 3, BTC, criticized by Munger and Buffett, did not fall. Instead, it rose again and wanted to break the $60,000 mark again. To be honest, the price of BTC is so strong, it is indee...

Aave V2, The Seamless Finance

19 Aug 2020 4 minute read 16 comments Aave

  After months of work, it’s time for Aave to leave phase 1 and announce a new version of the Aave Protocol. As expected, Aave V2 will continue to push the limits of what is possible with Decentralized Finance. What started as the underdog of DeFi,...

Ethereum vs Polkadot: A Comparison

26 Oct 2020 5 minute read 19 comments NOWNodes

Originally published in the NOWNodes blog.Polkadot.network was established in 2016 by its founders Gavin Wood and Peter Czaban. It is an open-source project funded by the Web3 Foundation. Web3 Foundation funds research and development projects that i...

The Bitcoin Secret

19 Apr 2021 4 minute read 13 comments johnwege

If you already know the secret; you're incredibly lucky.  It will take years for most users in the cryptocurrency market to catch on to this fact.  But by then, it will be too late for them. In the cryptocurrency industry there is an idea that you ne...

Publish0x Recommends Atomic Wallet (Download Now and Get 15 AWC)

1 May 2020 3 minute read 62 comments Igor Tomić

A question that often comes up from our users is simple: Which wallet is the best wallet to hold your crypto that you've earned from Publish0x? We recommend Atomic Wallet.   Download Atomic Wallet to HODL or Exchange ALL Tokens You Earn from Publish0...

EARN CRYPTO - The Best Crypto Monetized Social Platforms

30 Nov 2020 4 minute read 38 comments Scott Cunningham

This is a brief review of the 7 platforms I earn the most amount of cryptocurrency on. The most important things I look at are access to funds, decentralization, censorship-resistance, monetization, and having a great platform. Let’s dive in. While...

Kyber: Delivering a Sustainable Liquidity Infrastructure for DeFi

17 Oct 2020 6 minute read 23 comments Kyber Network

  Hi Kyberians, It has been a crazy few months for decentralized finance (DeFi) and Kyber Network. The recent yield farming and liquidity mining trends in DeFi have created an environment that is ripe for innovation and growth, but at the same time...

3 ways to easily move funds from one chain to another

1 Jun 2021 4 minute read 14 comments CryptoSorted

One challenge that comes with using multiple smart contracts chains is how to move funds from one chain to another, especially if you don't want to use a centralized exchange. In this post, I will be sharing with you the various ways I use to move fu...

$300 in $DAI aelf Explainer Contest: #aelfexplained

4 May 2020 1 minute read 44 comments Mappo

Competition: Explain aelf Content Contest - #aelfexplainer Prize Pool: $300 in DAI - Top 10 posts + 2 Special Prizes! The AELF Project are excited as we progress through the mainnet roadmap plan and we would like to run an official competition as a...