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 NEXO A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

1 day ago 7 minute read CryptoBoomer $6.57 tipped

Nexo is the leading crypto loan startup that has the potential to get much bigger in the upcoming years. Before the start of cryptocurrency’s rise in popularity a few years ago, nobody was thinking about getting a loan through blockchain-based asset...

Weekly innovations review (02 Dec - 06 Dec)

1 day ago 2 minute read R-Tech $0.05 tipped

Greetings. This is the traditional weekly digest with ten more impressive high-tech news that occurred this week. Enjoy, share, discuss and, of course - donate with tips. Have a nice weekend.   - The Danish Ministry of Infrastructure has reached an a...

Powering up!

1 day ago 1 minute read cryptomaniacsgr $0.06 tipped

Good evening people! It's been awhile since my last purchase of Leo tokens, if i remember well that time i have brought 600 Leo for around 0.16-0.17 Steem. Today i placed a buy order for 155 more and i'm quite happy to see my investment growth and st...

Is Litecoin the future of Cryptocurrency?

1 day ago 2 minute read jordanjnr $0.07 tipped

This post took quite some time and effort to put together. I'd love a tip and follow to encourage my work. Cheers! Ahh,Litecoin. The faster,cheaper,liter Bitcoin. The one that tries to fix all of Bitcoin's flaws. Litecoin,for those who don't know,is...

INTELLISHARE HIDDEN SECRETS TOLD REVEALED.

1 day ago 1 minute read kripto sedat $0.04 tipped

  Intellishare (INE) is a network based on a blockchain.. The fusion technology of the Mesh network and the blockchain completes the end of the blockchain world with chips and hardware possibilities. Storage distributed network. INE in the area of M...

Websites Where You Can Buy Goods with Bitcoin & Crypto

1 day ago 3 minute read pheonixdown-dee $0.22 tipped

Online websites are allowing you to buy goods with bitcoin and other cryptocurrencies. Here we provide a sneak peak of some of the places where you can do that right now. The invention of Bitcoin paved the way for the creation of decentralised financ...

Enjin and Microsoft Team Up

1 day ago 1 minute read Cryptos.com $0.18 tipped

It was recently announced that Enjin, the popular cryptocurrency gaming company has teamed up with Microsoft to offer some interesting crypto collectibles for doing ‘good work.’ The new initiative is called Azure Heroes and it is described as a “new...

Kraken, one of the oldest cryptocurrency exchanges in circulation, adds support to the Swiss franc

1 day ago 1 minute read Roberto D. $0.10 tipped

That the world of cryptocurrency trade is in constant turmoil and constantly changing is something quite known, after all these platforms must constantly evolve if they want to keep up with the times; for a long time we thought that decentralized exc...

LIQUIDITEX, AN HIGH LIQUIDITY CRPTOCURRENCY EXCHANGE.

1 day ago 3 minute read Sodaf $0.10 tipped

OVERVIEW OF LIQUIDITEX EXCHANGE Cryptocurrencies is known as virtual assets powered on decentralized network. It is becoming ppopularly recognized and globally accepted. Unlike fiat currency, , cryptocurrency is a digital kind of money that can't be...

Blockburn Free listing at LBank Exchange.

1 day ago 1 minute read alberdioni8406 $0.01 tipped

The Blockburn Project is honored to be of  the nine projects that will be placed into a voting competition to be listed on the Exchange.  The Team Of LBank got impressed with the model of the deflationary BlockBurn BURN project and decided to place t...