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.


Korea’s Oldest Bank is Building a Blockchain-based Security System

4 days ago 1 minute read andydorji $0.12 tipped

As reported by cointelegraph, SouthKorea’s oldest bank, Shinhan Bank, partnered with two other companies seeking to develop a blockchain-based security solution. Blockchain technology is new and seemingly an important to current systems. Wider adopti...

SERENITY SOURCE: THE NEW ENERGY RETAILER PROVIDING BALANCE ON DEMAND AND SUPPLY OF ELECTRICITY.

4 days ago 9 minute read cryptoblezin $0.04 tipped

INTRODUCTION Research has shown that revolution is needed in the areas of waste, energy, and crypto of the ecosystem which demand higher electricity consumption. Electricity is the form of energy we use the most in our daily lives, with almost everyt...

PlatON: A Trustless Computing Network With High Efficiency

4 days ago 3 minute read dessyhodin97 $0.18 tipped

  Introduction Blockchain tech is causing a colossal change on the planets innovation part. In the digitalized world, any individual can just get hold of a little subset of the huge measure of information created day by day. It is incomprehensible fo...

Walmart Submits Patent for blockchain based communication system

4 days ago 1 minute read CryptoArgha $0.09 tipped

Walmart shopping store giant recently submitted a patent to get blockchain based communication System for their company Walmart submits blockchain patent from their head office in usa for registering a trademark in usa. They submitted all requested d...

Web3 Summit 2019 - The Google Calendar For Your Planning

4 days ago 1 minute read talfco $0.05 tipped

The Web3 Summit Google Calendar's for "Main Stage" and "Studio 5" Gosh the program of the Web3 Summit in the Funkhaus Berlin is so packed with speakers, so let's start coordinate the upcoming days with a handy google calendar.  Google Calendar "Main...

Nano Payments Faster Than Centralized Systems - New Viral Video Makes Merchants Want To Implement Nano

4 days ago 1 minute read JamesM $4.51 tipped

A Reddit user, nanoissuperior, has posted an interesting video related to the NANO project, showing a contactless point of sale device that lets transfers be made with NANO.  The video shows the users sending 1.90 NANO to the merchant via contactles...

Introducing PlatON_Network; KeyShard and Vitu Dapp

4 days ago 3 minute read EbriDan $0.05 tipped

PlatON is Blockchain-based company that acquires data, protects, stores and distributes said data, and provides computing power, as a service to facilities like other data providers that require and are in need of data.  PlatON is a trustworthy netwo...

Meet these cryptocurrencies that keep the historical figures of the world alive.

4 days ago 4 minute read derwin25 $0.60 tipped

  The cryptoactive world has expanded to every imaginable corner, so it is not too surprising that all kinds of tokens have been created with very different names and purposes. Among them, cryptocurrencies in honor of historical figures are counted....

Recent Lawsuit Against Ripple Explained

4 days ago 1 minute read Brawnd0 $4.36 tipped

Bitcoin proponent Tone Vays has said that Ripple is about to face some severe scrutiny from the United States Securities and Exchanges Commission. Vays hosts the Bitcoin Law Review podcast, and has worked on Wall Street. He tweeted on August 13, sayi...

How New Technology is Turning the Global Energy Market Green

4 days ago 4 minute read Mina Down $0.14 tipped

Blockchain consortium to develop a transactive energy system to power a fleet of electric vehicles and charging stations in Toronto, Canada.   Modern life is energy-intensive and the demand for more energy is rising exponentially. At the same time, t...