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.


My Introductory post

1 day ago 1 minute read dongentle2 $0.02 tipped

I first heard about this awesome platform some months ago through the steemit platform. I have been here for a while and I love the way things are going. I am pretty much active on other content platforms. It is my tradition to always start with an I...

Daily Active Users Of EOS, Ethereum, IOST, And TRON DApps Totaled 188707 On August 17

1 day ago 1 minute read razeiv $0.09 tipped

  Citing data from DApp Total, as of 00:00 (UTC+8), August 18, EOS, Ethereum, IOST, and TRON DApps recorded 188,707 daily active users (DAUs), 70.99% of which were EOS-based.  1. Number of users: EOS (133,971) > ETH (35,134) > TRON (19,602) > I...

Impluse k1 - The new Blockchain based phone in market

1 day ago 1 minute read CryptoArgha $0.17 tipped

Blockchain based phones were always been a blaze among people. After the release of first blockchain based phone by sirin labs people's interest for blockchain phones increased a lot If you use cryptocurrency you must know what is blockchain and how...

New Trend in Crypto Space? Here's Where The Big Money is Shifting

1 day ago 1 minute read Ed-california $3.85 tipped

A new report released by Outlier Ventures, published on August 13, shows a new trend emerging in the crypto space: development and focus seems to be shifting from the use of cryptocurrencies to its use in convergence applications. The report, called...

Innovative Digital Asset Trading Platform Including FOREX & Cryptocurrency

1 day ago 2 minute read sipa $0.09 tipped

                         "After Satoshi Nakamoto found Bitcoin in 2009, Bitcoin has emerged as the most successful cryptocurrency ever in the world. It’s become a global trend, sparking the imagination of technology leaders, entrepreneurs, and finan...

Combining Blockchain and 5G: Obstacles and Opportunities

1 day ago 19 minute read MintDice $0.29 tipped

What is Blockchain Technology? As far as emerging technologies go, blockchain technology has arguably generated more buzz than any of the others. In its short time underpinning several cryptocurrencies and decentralized applications, this database pl...

Hey Bankers, how about a feeless interledger protocol? Using NANO

1 day ago 1 minute read PH-X $0.17 tipped

  Okay, the thought experiment. If banks can agree to trusted NANO addresses amongst themselves. They kinda setup a private blockchain on NANO for fiat exchange settlement. Here's how it works. Fact: Settlement between banks are like an IOU. They...

Bakkt: Company will trade Bitcoin and may make price skyrocket

1 day ago 1 minute read PH-X $0.24 tipped

Beginning in September, Bakkt, a subsidiary of Intercontinental Exchange Inc., will allow its investors to trade assets with Bitcoin (BTC) for the first time. The decision was approved on Friday (16) by the New York State Department of Financial Serv...

Permaculture & Blockchain: More Similar Than You Might Think

1 day ago 4 minute read Jimmy D $1.31 tipped

I’m a permaculturlist, and of course, blockchain enthusiast;) It’s funny really, because before blockchain came along I really was not really that interested in technology. Of course I used it, but for the most part I knew enough to get by for my wor...

Connecting the Dots for Potential Crypto Gains

2 days ago 2 minute read BlockchainAuthor $1.87 tipped

Of course, there are no guarantees in life. And that sentiment is especially true in the lands of crypto and blockchain. Coins like to pump and dump against you whether buying or selling. Now, I don't have a crystal ball. And I'm not a trader who sta...