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.


Quick Overview: Bytecoin (BCN) | The first anonymous and untraceable cryptocurrency

17 hours ago 1 minute read NassiroV $0.07 tipped

Image Source Bytecoin cryptocurrency Bytecoin is the very first cryptocurrency based on CryptoNote technology. It was launched in 2012 and is based on open source code. Bytecoin was created to allow secure and anonymous transactions, via a decentral...

Cash Will Be Trash!!! According To The Wall Street Legend!!!

17 hours ago 2 minute read andreaskanel $0.24 tipped

Cash will be useless in the next crisis What is the right strategy for investors to adopt, according to Wall Street legend Ray Dalio. The "sure" reaction of central banks and the need for ... something solid.     Our day started off in the best way....

PornHub utilizes crypto to bypass Paypal ban

18 hours ago 2 minute read Treeπ $1.84 tipped

Now models on pornographic video site Pornhub can accept the US dollar stablecoin Tether (USDT) as payment. In a recent statement, Pornhub said that adding the cryptocurrency was a direct response to PayPal’s decision to cut off payments to models in...

Review of the FutureBit Apollo Pod Miner

20 hours ago 1 minute read AverageVancouverite $0.10 tipped

The FutureBit Apollo Pod Miner Specs: Algorithm: SCRYPT (Coins Mined: Litecoin, Dogecoin, Verge, etc.) Hashrate: Up to 135 MH/s Chip: 27 SCRYPT ASIC Chipc Power use: Under 200 Watts (Closer o 150 Watts) Controller: Quad-Core A7 ARM The Review: The...

BULL RALLY OVER!? CHINA DUMPING BTC FOR NEW YEAR? BITCOIN: MOST CRITICAL MOVE OF 2020! XRP ADOPTION!

21 hours ago 1 minute read CryptoBitcoinChris $0.13 tipped

🔸🚀 Join the BEST trading group on YouTube! 🔸🚀🔸🚀 https://www.patreon.com/cryptobitcoinchris 🔸🚀🔸🚀 Crypto Payments Accepted! 6 month minimum 🔸🚀Crypto Discounts: 20% off 6 mos or 30% off 12 mos + 1 mo FREECrypto Payments: cryptobitcoinchris@gmail.com Is...

Top 10 Cryptocurrency Market Capitalizations Through Time

21 hours ago 3 minute read crypto_moose $0.13 tipped

Why do some altcoins  have “staying power” while others appear, rise in to the top 10 by market capitalization -  only to slowly fade away. If you look back at the roster of top 10 coins from the previous five years you will see a small list of “forg...

Is Tezos worth the Hype

21 hours ago 2 minute read SamBTC $0.42 tipped

You would have read a lot of articles recently praising how great Tezos project is and why you should start baking some Tezo pies right away. If you are wondering when did this Tezos arrive and why you had not heard of it before then don’t worry you...

Blockchain: The End To Corporate Business Models

21 hours ago 5 minute read TaskMaster $0.11 tipped

We are seeing a radical shift being presented to us. There is a new business structure emerging that is going to obliterate the present system. This is something that cannot help to occur for a variety of reasons. To start, we must state that blockch...

Blockchain vs Coinbase Which Wallet to Choose?

1 day ago 5 minute read Tokenhell.com $2.63 tipped

Coinbase and Blockchain are serving the crypto community for many years and now considered as the leading crypto exchanges as well the secure wallet platforms. If you are a victim of confusion about selecting one platform from both according to your...

Price analysis 23, Jan Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash.

1 day ago 1 minute read haidernasir $0.05 tipped

Bitcoin, ethereum, XRP and BCH has almost lost 3% in its price, while litecoin has almost lost 5% in its price. Here a price analysis of five cryptocurrencies. Bitcoin/USD Bitcoin is at $8,322.02 with a loss of -3.62% in its price in the previous 24...