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.


Bitcoin Cash is neither the real Bitcoin nor the future of cryptocurrency!

16 Mar 2021 4 minute read 16 comments Khazrakh

Just looking at the title, you've probably already guessed it - it's time for another controversial topic. I usually try to stay away as far as possible from all the "my blockchain is better than yours!"-discussions. There's a lot of bad blood out th...

Today I Bought My First Groceries With Crypto Using My New Binance Card

5 Feb 2021 3 minute read 49 comments acesontop

When I got out today in the morning, an envelope was waiting for me in my mailbox. It was my Binance Card that I ordered about two weeks ago. I wrote a post on Leofinance about ordering this card and how eager I am to circumvent the banking system th...

Ethereum 2.0: The Future of the Ethereum Network

18 May 2021 2 minute read 7 comments zacharias

Ethereum in currently the queen of the cryptocurrency world, second only to Bitcoin in total market cap.  With an ever-growing market share of the cryptocurrency space, Ethereum has taken its place as the most dominant modern cryptocurrency network,...

TRON Launches DeFi community governance mining token: SUN

2 Sep 2020 1 minute read 27 comments Deba215

TRON today launched its new DeFi Token: SUN which will be a community governance token. It’s functionality are driven by community initiative and the proposal decisions will be driven by SUN voting power. How to mine SUN? Currently SUN can be mined...

Fed Chairman Thinks That Gold Has No Value. But This Is Not About Him

18 Apr 2021 1 minute read 15 comments Sir Loin

With the rise in popularity of Bitcoin and other cryptocurrencies, Federal Reserve Chairman Jerome Powell was asked if he is worried about the impact crypto might have on the economy and the ability of people to use it as payments. First, “We think...

Aave V2 is Available on Public Testnet!

18 Nov 2020 1 minute read 5 comments Aave

  A while ago, the Genesis Team released this plan outlining some features to expect with Aave V2, making finance a more seamless experience. Today, Aave V2 is live on the Kovan testnet, and you can check it out here. Since the beginning o...

DeversiFi Integrates Ramp for EUR & GBP trading

15 Jan 2021 2 minute read 21 comments Ben

Yes, you read that right. You can now use EUR or GBP to buy crypto directly within DeversiFi. We’ve always been clear about our mission. We’re making it easy for you to make the most of DeFi, in the most convenient and cost-effective way possible. Th...

Litecoin - The Forgotten Legend!

11 Oct 2020 1 minute read 20 comments Sapphire

Litecoin Clinging To Top 10 Status With the massive surge of BNB earlier on in the year and newcomers such as Polkadot, Litecoin has had to give up it's Top 5 status. Litecoin is currently at number 10 and seems to have become a forgotten legend as D...

🥺Ethereum 2.0 Staking Too Demanding? 🥳Here’s an Affordable Solution for You

17 Nov 2020 3 minute read 12 comments Dapp.com

The blockchain community is watching closely on Ethereum 2.0, the next big upgrade for the Ethereum network. Ethereum 2.0 is scheduled to launch on December 1st, 2020. It will bring Proof of Stake (POS), eWASM, and sharding. This will also bring mor...

Launching fUNI. Uniswap on Fantom

15 Nov 2020 3 minute read 4 comments Fantom Foundation

The wait is over! We successfully deployed fUNI on Fantom, both as a standalone application at fUNI.exchange and integrated within the Fantom Wallet.   What is fUNI? fUNI is a Uniswap clone deployed on Fantom. Here are the advantages of launching Uni...