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 close are we to a 'fiat-less' world?

23 Jul 2021 3 minute read 3 comments Dzoelx

Source I’ve come across numerous articles tipping bitcoin and cryptocurrencies over fiat currencies and a couple more insinuating the inferiority of traditional hard currencies and suggesting these currencies might become obsolete and deprecated in t...

The True Financial Independence Crypto Offers

6 Jul 2021 3 minute read 2 comments Sapphire

Is The American Dream Really A Dream Life? For the longest of time, many have looked upon the US as the ultimate place to live, offering the best quality of life. The American white picket fence has become synonymous with a perfect life, inspiring ma...

Robinhood: Crypto Champion or Villain?

20 Jul 2021 6 minute read 12 comments hifi.crypto

Are you brand new to crypto and not sure where to begin to learn about it? Check out my intro to cryptocurrency and intro to blockchain posts and my cryptocurrency blog to learn more about this fascinating new technology! Imagine yourself in early 20...

THORChain Battled-Tested and Hardened by $7 Million Dollar Hack

18 Jul 2021 4 minute read 4 comments Brennan

On July 15th, a hacker exploited a vulnerability in THORChain's cross-chain decentralized exchange, causing the loss of around 4000 ETH (7 million USD). The exchange was halted by the node operators and the price of its native token RUNE fell by near...

Crypto Prophecies: Claim your $5 bTCP Tokens!

19 Jul 2021 3 minute read 9 comments SamBTC

One common recurring pattern that you will see again and again in the crypto space is deluge of copycats. Whenever someone comes up with a winning formula it will soon be followed by an endless array of duplicate projects. We saw this when the Uniswa...

Is CEL The New BNB?

21 Jul 2021 2 minute read 0 comments Sapphire

Turning Back The ClocksWe can all pretty much agree that when markets turn bearish, the best Crypto to be exposed to is BTC. This is outside of stablecoins of course. Looking back on 2019 reveals something rather unexpected and amazing! An altcoin ma...

BlockFi Interest Accounts vs. the U.S. Government: Round One

22 Jul 2021 6 minute read 3 comments hifi.crypto

Are you brand new to crypto and not sure where to begin to learn about it? Check out my intro to cryptocurrency and intro to blockchain posts and my cryptocurrency blog to learn more about this fascinating new technology! It has been said that all pu...

The Two Sides To The Passive Crypto Income Coin

24 Jul 2021 3 minute read 8 comments Sapphire

My Own Personal Fascination With Passive Income Ever since I owned my first dividend paying ETF, I knew that the only thing that I wanted to do was create and maintain passive income mechanisms. This realization took me down multiple avenues, as well...

What Is Ifarm

1 Jul 2021 2 minute read 8 comments Jack216

What Is Ifarm In todays blog I'm going to go over exactly what the IFarm cryptocurrency is. As I'm sure most of you know it's one of the two main cryptocurrencies on Publish0x. See before I had used publish0x as a blog I never heard of the IFarm cryp...

Ethereum 2.0 & Staking: What Is At Stake?

19 Jul 2021 10 minute read 4 comments CryptoWise

A Comprehensiveness Guide To Staking On Ethereum 2.0 For Beginners! I feel: When people’s financial freedom is at stake, technology has to be made accountable and reliable. ETH 2.0 has a lot at stake with this 2.0 avatar Ethereum 2.0 has one key c...