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.


Ever Wondered What Your Hardware Wallet Inputs and Outputs?

1 day ago 6 minute read Cobo Vault $1.77 tipped

In our article on whether hardware wallets should be open source, we explained why cold storage devices cannot benefit from open source development in the same way that more well-known projects are able to. Although open source code enables a kind of...

Is Mining Cryptocurrencies profitable?

1 day ago 2 minute read jordanjnr $0.25 tipped

This post took a lot of research and time to out together. It'd be great if you could leave a tip by using the tip slider down below. Thanks. Everyone wants to mine Crypto. And for good reasons. It's one of the best ways to get crypto without investi...

Can Blockchain Technology Replace Banks?

1 day ago 2 minute read ChrissCrypto $0.14 tipped

The real-world use cases of Blockchain have been increasing and people are using the technology to create a growing global market that experts expect to rise to more than $2 billion by 2023. Most cryptocurrency users criticize banks for being too...

DANGEROUS BITCOIN TRANSFER!! WHO OWNS THIS BTC??

1 day ago 1 minute read kripto sedat $0.18 tipped

    DANGEROUS BITCOIN TRANSFER!! WHO OWNS THIS BTC?? Bittrex, one of the world's most popular cryptocurrency exchanges, was rumoured to have been hacked after the last transfer. 43,564 bitcoins, equivalent to $ 313 million, were transferred in a wha...

Is Autonomous Internet as Groundbreaking as They Say?

1 day ago 4 minute read Andrey Sergeenkov $0.59 tipped

There is a lot to make of the current state of internet privacy and security that has since spurred a plethora of regulations and innovations. Reported cases of the nefarious operations of entities trusted with the data of their users paint a picture...

❇️ CLAIM YOUR FREE HEX TOKEN RIGHT NOW BEFORE IT'S TOO LATE!

1 day ago 1 minute read charlesfuchs $0.15 tipped

Will the HEX Token be the biggest new crypto in 2020? The highly anticipated HEX Token has finally launched and it's time for everyone to start claiming their FREE TOKENS! 🙋‍♂️ Some have stated that The Hex Token (created by Richard Heart) will be on...

Ethereum based game Gods Unchained card sold for 210 ETH

1 day ago 1 minute read zoplaska $0.18 tipped

Introduction Gods Unchained is a competitive turn-based trading card game in which the objective of the game is to defeat your opponent's god by bringing its health to zero. A player can create a deck of 30 cards out of the many number of cards that...

Is Cosmos (ATOM) A Good Investment? In-depth Analysis and Near to Longer-Term Expectations

1 day ago 7 minute read CryptoBoomer $7.13 tipped

Cosmos and its native cryptocurrency called ATOM enjoy their rise to popularity in early 2019. ATOM called itself the “Internet of Blockchains” and it is trying to be the face of blockchain 3.0 after previously Bitcoin (blockchain 1.0) and Ethereum...

Project Hydro Update: 5th December 2019

1 day ago 1 minute read Hydro Labs $1.23 tipped

Hello everyone and welcome to the latest Project Hydro Update. There has been some very exciting news this week from two of our ecosystem developers so lets get straight down to business. Hydrogen partner with Mastercard We have to give a big congrat...

Brave surpasses 10 million active users! 12x increase in verified publishers!

1 day ago 1 minute read Treeπ $0.17 tipped

Brave exceeds 10 million active users! The Brave browser combines privacy with a blockchain-based digital advertising platform (BasicAttentionToken), and offers a 3-6x faster browsing experience compared to other competing browsers such as Google's...