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.


First ascending week: The whole market is waiting for the Bitcoin price to move

18 Oct 2020 1 minute read 4 comments Ana_2020

Bitcoin has remained at around $ 11,400 in recent days, despite falling temporarily below $ 11,300. Atrium and Ripple have stabilized at $ 370 and $ 0.24, respectively, and Polkadat has returned to the $ 4 channel. Many altcoins have also come with p...

Bitcoin Mining Rigs Struggle for Profits, Despite BTC's Hashrate Reaching an All-Time High

18 Oct 2020 2 minute read 0 comments rejep311

Bitcoin’s hashrate climbed to an all-time high (ATH) this week touching 166 exahash per second (EH/s) on October 14. Meanwhile, despite the recent price rise and hashrate ATH on Wednesday, only a small group of next-generation mining rigs are profiti...

Bitcoin’s Creator vs. Bezos: Satoshi Nakamoto’s Uphill Climb to Surpass the Amazon Founder’s Net Worth

18 Oct 2020 2 minute read 1 comment rejep311

Jeff Bezos is the world’s richest man, but someday if bitcoin crosses a certain valuation then Satoshi Nakamoto will be the wealthiest if he/she or they are still alive. Today, Satoshi Nakamoto, is the 157th richest person worldwide, and the crypto a...

The Silk Road Balance Sheet Discrepancy: Bitcoin Worth $4.8 Billion Still Missing

18 Oct 2020 3 minute read 1 comment rejep311

The original Silk Road marketplace has been shut down for well over seven years now and to this day, 444,000 bitcoin worth $4.8 billion is still missing. Just recently, a report focused on those funds discusses one of the market’s biggest mysteries a...

Idena - Everything you need to know at a glance.

18 Oct 2020 1 minute read 0 comments Oenomel

Idena is one of the first blockchain decentralized schemes to give equal importance and voting power to each individual by replacing individuals with nodes in the blockchain. Idena's free mining nodes act as oracles so that the network of people invo...

187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June

18 Oct 2020 2 minute read 1 comment rejep311

Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and o...

Singapore, Blockchain, and Food Safety

18 Oct 2020 1 minute read 0 comments tyler775

veriTAG's food system is a new system adopted by the Singapore Food Agency that uses the NULS blockchain from ST Engineering - an open source and adaptive blockchain network that was created for app development. “For veriTAG, having the correct partn...

LEDGER NANO S REV7 Teardown For Maximum Security

18 Oct 2020 1 minute read 0 comments config32

This is about deep security checking. we all know that the safe way to store cryptocurrency is by using a #hardware #wallet. now after doing some research, we found out many problems about hardware wallet. and by examining problems. we find out that...

Make 500 satoshi every 12 hours with playing these 5 games!

18 Oct 2020 1 minute read 2 comments Kimster

Welcome to my next post. In my post i show you a 5 games where you can get real BTC that you can send on Coinbase wallet. Create COINBASE wallet with this link: https://www.coinbase.com/join/kristi_g1. BitcoinBlast You can download the game in this...

What is DeFi and why is it so hot right now?

18 Oct 2020 3 minute read 4 comments CryptoMarketeer

Decentralized Finance or, commonly referred to these days as “DeFi”, has to be one of the hottest words in the blockchain, crypto or even financial world these days. If ICO was the crypto catchphrase of 2017, “crypto winter” the 2018 moniker, IEO def...