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.


Binance Smart Chain Transactions Count 300% Up in Ten Days: Two Reasons Explained by GetBlock

29 Jul 2021 2 minute read 0 comments GetBlock

Yesterday, on Jul., 28, number of daily transactions handled by Binance Smart Chain smashed mid-May’s high and surged to new record. Why? Binance Smart Chain, Binance’s smart contract platform, witnesses an unparalleled growth in terms of network act...

BTC "leak" from exchanges on the raise...but COINBASE is benefiting!

29 Jul 2021 1 minute read 0 comments toofasteddie

I still maintain that $ 41,000 should be the end of wave B, followed by a downward "C" wave nonetheless, and although my count is still valid (See here for more information)), the upward flow of BITCOINS that are transferred from exchanges to persona...

What if.. Bitcoin goes to $0?

30 Jul 2021 4 minute read 2 comments Lucasgaio

Is this possible?  Can Bitcoin go to zero? Is it possible that something so important happens to the entire network that it loses value?   Don't trust, verify!   In this article we will analyze the concrete chances that Bitcoin (BTC) has of failin...

Stablecoin: We Ever Need Them More Than CBDCs

3 hours ago 3 minute read 0 comments xuanling11

If the Fed (Central Bank) issued CBDC, individual citizens will have a Central Bank wallet to receive your money immediately, according to Yahoo Finance News. It sounds fantastic, yet concerning. The Central bank can reach out to each individual citi...

How to Accept Bitcoin on Shopify

30 Jul 2021 1 minute read 2 comments BitcoinPoliticalEnthusiast

Shopify is one of the largest eCommerce platforms on the internet. Operating your store on Shopify means you’ll get good support, efficient software, and strong name recognition. Now you can accept Bitcoin on Shopify stores too! With Blockonomics’ Di...

Apps That Make you Passive income from your phone

30 Jul 2021 2 minute read 2 comments Jack216

Apps That Make you Passive Income Part 6 In today blog I'm going to cover some apps you can download to start making money. These apps are great for building up your passive income. I've personally tested all theses apps so that you know that their l...

Bitcoin Sentiment Reverting Back to BTFD? (July 30 Forecast)

30 Jul 2021 1 minute read 0 comments Crypto Daily FX

Bitcoin fell a hair on Thursday, trading right around the $40K level before closing the daily candle just underneath, giving us a quiet sideways Thursday candle. Following the early-week breakout higher, BTC could take a few days or even a couple wee...

Project Catalyst - Cardano DAO - Video of Voting in Fund5 in the mobile app

30 Jul 2021 1 minute read 0 comments Cryptotexty

I've recorded video from Catalyst voting app for educational purposes. Especially for the people outside of Cardano ecosystem this might be useful to see how the big crypto-DAO is emerging. Thanks for watching. If you delegate or plan to delegate yo...

Axie Infinity: Gotta Tokenize Them All

28 Jul 2021 6 minute read 1 comment hifi.crypto

Are you brand new to crypto and not sure where to begin to learn about it? Check out my intro to cryptocurrency and intro to blockchain posts or my cryptocurrency archives to learn more about this fascinating new technology! Humanity’s intense desire...

Will EIP-1559 Thrust ETH Higher? (Weekly Forecast)

10 hours ago 2 minute read 0 comments Crypto Daily FX

Ethereum rallied again this week, building off of last week's explosive move up and forming another higher high on the weekly chart to print ETH's highest price since mid-June. While it seems like the short-term downtrend from May is all but kaput, E...