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.


DEXA The Social App of Crypto

22 Aug 2020 4 minute read 5 comments Jeffrey Allen Kaufman

Ready for a Crypto Interaction Revolution? I can think of a few social apps built around the idea of having a "Social Media" Facebook like structure in an app mixed with crypto. I'm sure you can too. There have been a few of those apps that I honest...

How Algorand Enhances The Performance Of Decentralized Finance?

24 Aug 2020 4 minute read 0 comments xqanxxx

Algorand is a trustworthy Boston based open-source Software Company specialized in the successful efforts towards building a borderless economy. This company has developed the pure proof of stake protocol with permissionless nature and open participa...

PHNX Spot Staking dApp, we haven't told you everything!

14 Sep 2020 2 minute read 2 comments PhoenixDAO (PHNX)

We may have been keeping a little detail to ourselves.    Hello Community, Time is absolutely flying and yet we are breaking ground across the board, some of you may have felt that we have been a little quiet on the updates regarding the PHNX Spot...

Alternative to tech giants in the Decentralized work!

30 Aug 2020 4 minute read 1 comment Tonythomas

The current Infrastructure is controlled by centralized authorities, who work to make a profit for themselves. Everything from Banking to the internet is controlled by entities who sell your data or track you to your underwears. Anyways, let's take a...

Defi on Binance Chain and BSC (CeDefi) (last updated Sept 17/2020)

16 Sep 2020 5 minute read 3 comments fblauer

Introduction There is nothing in the crypto domain that compares to the breadth and depth of the Binance ecosystem. They have products and services which comprise both centralised and decentralized finance (and exchanges). Their closest competition i...

CryptoTwitter Microcap DeFi Gems

24 Aug 2020 4 minute read 7 comments JamesMorillo

As we prepare ourselves with the next Altseason, more and more people flock their Bitcoin into altcoins and microcaps in hope for higher gains. This is more colloquially known as "stacking sats".  We listened to some of your mentions on our twitter a...

Can yETH bring the Ethereum bull back?

7 Sep 2020 2 minute read 4 comments paragism

Cover Image Source Bitcoin topped $12,000 some days back before crashing toward $10,000. The global stock market also plunged along with Bitcoin. $10,000 is a crucial support for Bitcoin. Ethereum outperformed Bitcoin in the last a few months as per...

The Play2Earn Report - Look At Me, I'm A Dolphin Now!

18 Sep 2020 5 minute read 6 comments Khazrakh

Well, what can I say, this has been the craziest world in my blockchain life up until now. I was browsing peakd.com when I stumbled across this post by @rondras. I had only been using Uniswap once or twice for tiny amounts of crypto so I was sure I w...

August Crypto & Blockchain Social Metrics & Earnings Report

10 Sep 2020 2 minute read 12 comments Scott Cunningham

So that you can take full advantage of the platforms out there that use blockchain technology and have crypto monetization, here are the 7 platforms I used to make $1,160.25 worth of crypto in August and some insights on them. I’m committing to shar...

Putting your Foot on the Gas: How-To Cancel/Replace ETH Transactions

17 hours ago 7 minute read 4 comments Mynima

Introduction I hope everyone that was due their UNI token airdrop has successfully claimed it. While claiming my airdrop and sending to Binance (for a little trading) I ran into a few issues that I thought would be good to share with folks. If you've...