Blockchain News, Opinions and Analyses created by users.

Blockchain

19,033 Articles 185 Followers

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.


Progress of Wanchain 5.0 Testnet: Two Storeman Groups in Competition & WanWallet Test Version Upgraded (October 15th Update)

16 Oct 2020 2 minute read 1 comment Wanchainer

Updated on October 15th, 2020 Two groups of the Storeman Group are now in the state of competition Currently, there are two groups of Storeman Group in the state of competition (or so-called election): The Storeman Group named testnet_005 is the...

How to explore the Bitcoin Blockchain (and beyond)?

18 Oct 2020 3 minute read 0 comments odisseo

I recently had the need to check a transaction on the blockchain in order to verify that the same transaction had been correctly stored. The term explorer refers to a website, or an app, which allows anyone to access the transaction data recorded on...

💰 "Enormous Wall of Money" headed into Bitcoin - expect to hit 1 Million value in 5-years says former Goldman Sachs Chief

16 Oct 2020 1 minute read 7 comments _-_

"It's an enormous wall of money — just the pipes aren't there to allow people to do it yet, and that's coming, But it's on everybody's radar screen, and there's a lot of smart people working on it." states Raoul Pal   These are the words of R...

16 Oct: Rothschilds are off Zero

16 Oct 2020 1 minute read 2 comments TheCryptoCurator

It's Friday my Crypto Peeps! We are red across the board as we head into the weekend. Rothschilds buy Bitcoin, Bitcoin is getting two major improvements (Taproot & Schnorr) in history code update, and OKEx founder reportedly taken by police, CEO conf...

Ethereum Weekly Price Forecast (10/25/20) - $1,000 by End of 2020?

19 Oct 2020 2 minute read 1 comment Crypto Daily FX

Ethereum drifted higher a bit during the week ending October 18th, inching towards the $375 level. As long as Ethereum maintains its uptrend and holds critical support levels, it leaves the door open for a much higher wave pattern (pictured below). ...

A week in Kusama: October 5 - October 11, 2020

12 Oct 2020 1 minute read 1 comment Web3 Foundation

Kusama News If you are a KSM holder, please be sure to vote on Referendum 88. If passed, this would start the journey to 1,000 validators on Kusama, increasing the number of validators in the active set by one each era for 400 eras. https://polkadot...

17 Oct: Institutional Tsunami

17 Oct 2020 1 minute read 0 comments TheCryptoCurator

Happy Saturday my Crypto Peeps! The price of Bitcoin is literally flat for the week. Crypto banks are going to swallow fiat banks in 3 years, Bitcoin's next upgrade will support Tor V3 addresses, Stone Ridge calls its $114M in Bitcoin a "Primary Tre...

Why Ethereum is a Great Crypto Currency For New Miners

15 Oct 2020 1 minute read 0 comments XeroxCrypto

History of Ethereum's Price: Ethereum is a relatively new crypto currency. Ethereum was first introduced in 2015. Ethereum had a starting value of $2.77. After only three days the price dropped to $0.68 a coin, this event attracted many new buyers. T...

Coinmarketcap 14/10/2020

15 Oct 2020 1 minute read 0 comments sevillaespino

Today we arrive to the third working day, 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 important th...

If the price of Ethereum reaches above $ 380, it will avoid a sharp fall

15 hours ago 1 minute read 0 comments Ana_2020

The price of Ethereum fell to below $ 365 support yesterday, but it did not last long and soon reached $ 375 with a price recovery. However, some analysts believe that if the price of the second market currency does not exceed $ 380, we will have to...