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.


Coinmarketcap 22/01/2020

1 day ago 1 minute read sevillaespino $0.19 tipped

Today we arrive to the third working day, where before starting I want to thank the users that support me with their votes as well as the new users that read for the first time my posts supporting my publications, well now let's move on to the import...

Interviewing Dan Hensley From 3Speak

1 day ago 1 minute read Scottcbusiness.eth $1.67 tipped

I recently had the chance to speak with Dan Hensley who is the co-founder of 3Speak on the Steem blockchain which is a video hosting alternative to YouTube and considered a free speech platform. 3Speak is the home of Free Speech on the internet. We e...

STAY GOLD, Investing, Coin Supply, Crypto-Assets and the importance of Project Value.

1 day ago 8 minute read L0S3rC0D3r $0.08 tipped

-DISCLAIMER- The information here is not meant to be truthful financial advice, you should always make your research and invest at your own risk. As you could win profit, there's also likely to lose, given enough time. The only advice I can give is...

Quick Overview: Golem (GNT) | The first global market for idle computer power

1 day ago 1 minute read NassiroV $0.12 tipped

Image Source Golem, a super calculator Golem is a decentralized open-source system based on the Ethereum network. It is a "supercomputer" connecting multiple computers over a peer-to-peer network. It's the blockchain that allows you to combine the p...

Quick Overview: Monero (XRM) | Secure, private, and untraceable cryptocurrency

1 day ago 1 minute read NassiroV $0.15 tipped

Image Source Monero: what is it? Monero is an open source cryptographic currency that uses the Cryptonote protocol. Launched in 2014 and initially called BitMonero, its main goals are privacy and decentralization. Its level of anonymity is very high...

Gatepay and Samsung Going to Collaborate

1 day ago 1 minute read HowToVids $0.19 tipped

As crypto industry is growing businesses are enhancing their services and making their businesses compatible with other businesses and updates. That is necessary for the business and market requirements. Sometimes efforts are combined that are benefi...

Is “social recovery” the right method for not losing access to your wallet and coins?

1 day ago 2 minute read NassiroV $0.20 tipped

Image Source Earlier this week, Peter Schiff said on Twitter that he lost access to his Bitcoins. He claimed that he did not forget his password, but that his wallet was allegedly corrupted. Just about 40 minutes ago, he tweeted again saying that th...

Tokenization! A New Frontier... Real Estate, NFTs and Bonds!

1 day ago 3 minute read teutonium $0.10 tipped

Tokenization... Ever since I was a little kid I wanted to invest! I wanted to make my money work for me, but I always got shut down... "You are going to lose all your money", "The game is rigged!", "What are you going to do about taxes!", so many exc...

From proof to proof until Proof of Sharism. SHARE = VALUE

1 day ago 3 minute read Lorenzo Pistolesi $0.06 tipped

At the beginning there were exchanges, a cow for a horse, eggs for milk, .... Then money come with proof of gold, until Bretton Wood 1944 Then banks started to mine using debts, proof of debt. And debt blew up as we can see on https://www.usdebtcloc...

How Many Cryptocurrency Projects Have Failed?

1 day ago 2 minute read crypto_moose $0.46 tipped

Currently, there are approximately 2,368 cryptocurrencies. And each year there are a small number of new coins introduced.  Of these projects it is interesting to ask how many cryptocurrencies have failed? It is easy to see the successes in cryptocur...