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.


Electric company of Arequipa Peru will use Blockchain to improve transparency in light collection

2 days ago 1 minute read MonoBlack $0.04 tipped

  The Electric Society of Arequipa seeks to improve the billing process, benefiting half a million customers.     The Electric Society of Arequipa (SEAL) in Peru enters a new stage of digital transformation by using Blockchain in order to improve...

Cryptocurrency stuck in one place

2 days ago 1 minute read OneHashCoin $0.06 tipped

Hi last few years of cryptocurrency give to Us many forks and sometimes I'm asking myself what peoples think when they do next copy of some coin/algo. Don't You think that at first point of creating new cryptocurrency we should focus on question : pu...

A Quick Review Of Ark Project

2 days ago 3 minute read Rumi $2.03 tipped

Overview Lіkе mоѕt оf the blockchain projects out there, ARK aims tо bring crypto and blockchain technology tо the masses. However, the ARK platform рrоvіdеѕ а nеw approach which wіll аllоw users, developers, and startups tо gain access tо distribut...

First Look into RealT

2 days ago 6 minute read TwiceCrypto $3.24 tipped

Investing in Real Estate is one of the most popular ways to grow your money as long term investors look to options in the property market for building their wealth. Not only does it generate rental income which is an additional revenue stream, the va...

A Quick Review Of Theta Project

2 days ago 5 minute read Rumi $4.39 tipped

Overview Theta Network іѕ trying tо build а decentralized video streaming platform, that aims tо revolutionize the wау video content іѕ distributed асrоѕѕ the Internet bу tаking advantage оf the decentralized nature оf blockchain technology. Users...

My Introductory post

2 days ago 1 minute read dongentle2 $0.02 tipped

I first heard about this awesome platform some months ago through the steemit platform. I have been here for a while and I love the way things are going. I am pretty much active on other content platforms. It is my tradition to always start with an I...

Daily Active Users Of EOS, Ethereum, IOST, And TRON DApps Totaled 188707 On August 17

3 days ago 1 minute read razeiv $0.09 tipped

  Citing data from DApp Total, as of 00:00 (UTC+8), August 18, EOS, Ethereum, IOST, and TRON DApps recorded 188,707 daily active users (DAUs), 70.99% of which were EOS-based.  1. Number of users: EOS (133,971) > ETH (35,134) > TRON (19,602) > I...

Impluse k1 - The new Blockchain based phone in market

3 days ago 1 minute read CryptoArgha $0.16 tipped

Blockchain based phones were always been a blaze among people. After the release of first blockchain based phone by sirin labs people's interest for blockchain phones increased a lot If you use cryptocurrency you must know what is blockchain and how...

New Trend in Crypto Space? Here's Where The Big Money is Shifting

3 days ago 1 minute read Ed-california $3.85 tipped

A new report released by Outlier Ventures, published on August 13, shows a new trend emerging in the crypto space: development and focus seems to be shifting from the use of cryptocurrencies to its use in convergence applications. The report, called...

Innovative Digital Asset Trading Platform Including FOREX & Cryptocurrency

3 days ago 2 minute read sipa $0.09 tipped

                         "After Satoshi Nakamoto found Bitcoin in 2009, Bitcoin has emerged as the most successful cryptocurrency ever in the world. It’s become a global trend, sparking the imagination of technology leaders, entrepreneurs, and finan...