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.


How to Mint NFTs (Easy Method)

3 Aug 2020 3 minute read 7 comments CryptoOwen

The world of NFTs, Non-Fungible Tokens or simply put- artwork on the blockchain, has been booming lately! Some works of art can sell for as high as 1-5 ETH, even more with one recently selling for over $50,000!! (Picasso's Bull). If you've decided yo...

Splinterlands Legendary Profile - The Peakrider

9 Aug 2020 3 minute read 1 comment Chris Roberts

Ride the peak,Ford the stream,Never speak,Always dream.Carry doom,Fight for love,Wrath will bloomFrom above. The Peakrider Splinter - Khymeria Set - Beta Class - Legendary Summoner Size -  Roughly 110 Chickens. Within the huge bulk of shining armor...

Splinterlands Legendary Profile - Prince Rennyn

10 hours ago 4 minute read 0 comments Chris Roberts

Beautiful stranger, how strong and how proud,You strode in acclaimed, all the people they bowed,With magic so pure and a voice that's so loudThey've no hope to notice your mischievous shroud. -Musings of the Magi Prince Rennyn Splinter - Anumün Se...

Are Blockchains Ready for Gamers?

3 Aug 2020 1 minute read 0 comments Tao of Satoshi

Blockchains have had a rocky relationship with the gaming industry. High-profile integrations with tech giants have ended in termination, due to the sorely-lacking user experience blockchains offered. Fast-forward to the present, and a second wave of...

The birth of Nazarov - a #Chainlink brother currency to be used for every day spending.

7 Aug 2020 1 minute read 0 comments Nazarov Project

We're entering truly decentralized times.Decentralized exchanges that were once just words on paper and a mess of code have become reality, and it is glorious to watch. Oracles are entering first take-off phase, and Chainlink has always been at the f...

Stratis 2016-2020 ! Happy Birthday

7 Aug 2020 3 minute read 0 comments Bogdanel

Stratis ( Strat) was launched in August 2016 . Their ICO was a success and price during the ICO for one token was : $0.0073 . They managed to rise around 915BTC during the ICO. CEO : Chris Trew  In this post I won't talk about price .   What is Strat...

Charles Hoskinson Founder of Cardano

3 Aug 2020 2 minute read 1 comment CryptoFinally

A couple of years ago when Bitcoin first came into existence, many people were overwhelmed with joy and glad that finally, we could see a break out from the constitutionalized system into a decentralized system where banks no longer had so much contr...

Blockchair - My Favorite Multi-Blockchain Explorer

26 Jul 2020 3 minute read 12 comments The Part Time Economist

Blockchain explorers are an essential part of the cryptocurrency ecosystem because they allow users to check wallet balances and verify transaction history without requiring excessive technical know-how. While there are many blockchain explorers, Blo...

🌟From Creativity to Crypto: New Blockchain Apps for Artists and Buyers

8 hours ago 2 minute read 0 comments Dapp.com

Have you ever bought limited-edition sneakers or records? Did you stay up all night outside the store waiting in line? Or did you buy it from middlemen at ten times its issue price?  Yes, those middlemen conquer the market, not the creators. The pri...

One Thing Needs to Happen Before Bitcoin Booms

4 Aug 2020 5 minute read 0 comments MarkHelfman

When I talk to people about my book, Consensusland, few of them ask me about the social, political, and economic impact of cryptographically-secure, time-stamped distributed ledgers. (Which stinks, because that’s what the book’s about.) No, most peop...