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.


Crypto.com Research shows 200+ Million Crypto Users - Exponential Growth Incoming?

30 Jul 2021 1 minute read 0 comments eltoro0x

Crypto.com Research shows 200+ Million Crypto Users Crypto.com published this research reporting that worldwide there are 200+ million Crypto users. REALLY? I don't think that's the real number, I think that's the number of active Crypto accounts be...

Who Else's Looking Forward To Ethereum's Upgrade?

16 hours ago 1 minute read 1 comment diaperfinancingfund

Yesterday, I received the following message from my favorite crypto-lending platform, Hodlnaut. It informed us users that In light of the upcoming Ethereum London upgrade, Hodlnaut will be temporarily halting all withdrawals for 3 hours during the E...

BTC "leak" from exchanges on the raise...but COINBASE is benefiting!

29 Jul 2021 1 minute read 0 comments toofasteddie

I still maintain that $ 41,000 should be the end of wave B, followed by a downward "C" wave nonetheless, and although my count is still valid (See here for more information)), the upward flow of BITCOINS that are transferred from exchanges to persona...

Binance Smart Chain Transactions Count 300% Up in Ten Days: Two Reasons Explained by GetBlock

29 Jul 2021 2 minute read 0 comments GetBlock

Yesterday, on Jul., 28, number of daily transactions handled by Binance Smart Chain smashed mid-May’s high and surged to new record. Why? Binance Smart Chain, Binance’s smart contract platform, witnesses an unparalleled growth in terms of network act...

🐳 Who Is The Most Profitable Ethereum NFT Whale? 🤔 What NFTs Is He Investing in?

3 Aug 2021 2 minute read 3 comments Dapp.com

  Last week, a 12-year-old England made over $160,000 in Ethereum on NFTs in just 1 day. There is obviously so much potential value in the NFT market for digital art collectors to dig. As a collector, you may want to devise a personal strategy for N...

InvArch: Revolutionizing Startup Networking

2 Aug 2021 1 minute read 0 comments CryptoKota

Millions of users access LinkedIn and Indeed every day, offering their skills and years of experience in exchange for a job opportunity from an employer. It's ironic when you consider how much most of society detests the income disparities between th...

Will EIP-1559 Thrust ETH Higher? (Weekly Forecast)

1 Aug 2021 2 minute read 0 comments Crypto Daily FX

Ethereum rallied again this week, building off of last week's explosive move up and forming another higher high on the weekly chart to print ETH's highest price since mid-June. While it seems like the short-term downtrend from May is all but kaput, E...

Bitcoin Drop to $34K a Bear Trap? (Weekly Forecast)

2 Aug 2021 1 minute read 0 comments Crypto Daily FX

Bitcoin rallied to kick off the week to about $42K before pulling back, closing the weekly candle with a bit of a shooting star. This is a bearish candle but the jury is very much still out. Transitioning from one trend to another is a messy process,...

City Coins: Are they the Era of New Coins?

15 hours ago 4 minute read 1 comment xuanling11

With regulations enhanced to push the margin of profits that cryptocurrencies lower, innovation is building around to find a new path. This time, the developer is cooperating with municipalities to help fund a social program. City Coins is one of the...

InvArch: Blockchain Features & Use Cases.

31 Jul 2021 2 minute read 0 comments CryptoKota

Chances are that you belong to at least one of the following groups:   You have or have had a great idea, but not the skills to make it real. You’re highly skilled, but feel like you’re being held back. You’ve wanted early startup capital or access...