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.


JOIN THE LEAK THAT'S VOTING IN THE TELEGRAPH FOR THE PI NETWORK.

1 day ago 1 minute read kripto sedat $0.03 tipped

Pi Network is preparing to launch in-app transfers soon, as announced.   In the first place, pilot applications will be started with a small group compared to the community. Then all members will give KYC (authentication) for the testnet pass. 3 des...

Juventus Soccer Team Have an Official Token.

1 day ago 1 minute read alberdioni8406 $0.03 tipped

The Italian Soccer Team with $400 Million fans all over the world now has Official Token issued by socios.com. The Juventus Soccer Team who Has In their squad The Worldwide Famous player Ronaldo has a Token that will give the Fans a Voting power In...

Splinterlands - Untamed Pack Opening #1

1 day ago 1 minute read skylinebuds $0.03 tipped

In this series of post, I am going to show off the packs I have been opening, I will explain one or a couple of the cards from that pack. You can come on over to my steem posts and join my contest to earn some DEC or some splinterlands cards. this...

CryptoTask Roadmap Version 1.0

1 day ago 3 minute read pheonixdown-dee $0.28 tipped

Here at CryptoTask (CT) we are happy to showcase you our current roadmap that covers development and company release goals. This timeline covers what we have done, currently working on, and what’s up ahead. We handle our roadmap in release stages cor...

Binance Blockchain smartphone On sale This Thursday..

2 days ago 1 minute read alberdioni8406 $0.02 tipped

Binance Blockchain smartphone will be on sale this Thursday. The smartphone is manufactured by the Taiwanese Electronics Company HTC and will be in Limited Edition. The Binance Blockchain smartphone is a dubbet HTC Exodus 1 and run in Blockchain Tec...

What's the difference between a YouTuber and DTUber?

2 days ago 1 minute read Lorenzo Pistolesi $0.07 tipped

  What's the difference between a YouTuber and DTUber?A Youtuber needs milions of subscribers and followers, for a Dtuber one like could be enough. For this video I collaborated with Davie504 and Charles Cornell Davie504 is one of the most talented...

EZ365, FIRST GLOBAL ONE STOP DIGITAL ECOSYSTEM WHERE YOU CAN PLAY, TRADE AND LEARN.

2 days ago 4 minute read Sodaf $0.10 tipped

ABOUT THE PROJECT To invest in a Blockchain project, it is very ideal one conduct all necessary research about that particular project before venturing into it.While there are some trustworthy projects, there are also unreliable ones that flooded cry...

The Adoption of Blockchain Technolgy

2 days ago 1 minute read Rayhan1000 $0.05 tipped

Recently, blockchain technology is adopted by big players in the market like microsoft, apple, tesla car company. Now, this technology are entering into the banking sector as it ensures security, transparency and reduces fraudulent activity in the ma...

Bakkt Bitcoin Futures Hits New All Time High #438

2 days ago 1 minute read Gary Leland $0.47 tipped

The Twitter account Bakkt Volume Bot is dedicated to reporting Bakkt trading volumes, and it tweeted on December 3rd that Monday’s open interest on Bakkt Bitcoin futures reached a new all time high of 6.5 million dollars VIDEO: https://youtu.be/GnP1...

Best exchanges with low fees

2 days ago 2 minute read jordanjnr $0.12 tipped

If you find this post educative, entertaining or relevant,kindly leave a tip below to support my work. Thanks. It's the easiest way to buy bitcoin, Ethereum and other crypto coins without that disgusting thing called human interaction. It's one of th...