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.


Top 3 Cryptocurrency Marketplaces

2 days ago 4 minute read pheonixdown-dee $1.14 tipped

Before you jump into the article, Sidekick App are holding a Giveaway where you have the chance to win 1 of 5 Trezor Wallets. You can read up my article on it here, or you can go to the competition page  and take part in the giveaway to have a chance...

Price analysis 4, Dec Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash.

2 days ago 1 minute read haidernasir $0.08 tipped

Bitcoin, ethereum, XRP and BCH has almost lost 2% in their price, while litecoin has almost gained 1% in its price. Here a price analysis of five cryptocurrencies. Bitcoin/USD Bitcoin is at $7,212.37 with a loss of -1.10% in its price in the previous...

Know The Coin Podcast: PotCoin's Community Lead Josh In The City

2 days ago 1 minute read ChangeNOW $1.10 tipped

Hello everyone and welcome to another episode of Know The Coin Podcast with ChangeNOW! Today’s guest is PotCoin's Community Lead Josh In The City. Josh is a real crypto veteran. He was working on PotCoin since the very beginning. Join us on this amaz...

Is the KYC scandal from Binance growing? How Did This Affect Users?

2 days ago 1 minute read kripto sedat $0.14 tipped

    Is the KYC scandal from Binance growing? How Did This Affect Users?     New statement from Binance on KYC scandalBinance, the world's largest cryptocurrency exchange, as we know it, was recently rocked by a data scandal. Some of these documents...

Talking With Bill Ottman About Minds Pro

2 days ago 1 minute read Scottcbusiness.eth $1.09 tipped

I recently had the chance to talk with Bill Ottman again who is the CEO of Minds and dive into what Minds Pro is all about, what you can expect to see from it and the various features it supports currently. Unfortunately, I had some video issues, so...

What are stable coins and what makes them stable?

2 days ago 2 minute read jordanjnr $0.18 tipped

If you find this post interesting,educative or informative,kindly hit 'tip' down below to support my work. Thanks. We've all heard the name stable coin before. I was personally confused when I first heard the term a while back. How could a crypto coi...

Why Cryptocurrency have value?

2 days ago 2 minute read Diskcoin $0.36 tipped

Many people know little about cryptocurrencies, and don’t know why them have value. Then, why cryptocurrency have value? Can them used for exchange as fiat? Why them get widely support within only two decades?   Lower costs No matter in which country...

FREE ETHEREUM - NEWZGO REVIEW

2 days ago 1 minute read piggiemay $0.16 tipped

“Earn free Ethereum Classic by simply reading and rating news”. All you need to do is to download NEWZGO from the google playstore, register and enter this referral code “ grrjio ” (if you want).   HOW TO EARN ETH? Simply open an article and rate by...

The Most Interesting Blockchain Applications Today Aside From Bitcoin

2 days ago 6 minute read cam_elica_24 $4.14 tipped

With all the hype surrounding Bitcoin, Ethereum, Litecoin and other cryptocurrencies, casual observers tend to overlook the intriguing and revolutionary technology that underpins it -- blockchain. In fact, it’s often been said that although cryptocur...

A national cryptocurrency - are we there yet?

2 days ago 3 minute read zoplaska $0.39 tipped

The number for cryptocurrencies have exploded since the launch of Bitcoin. Since the launch of Bitcoin 10 years back, there are now more than 2000 types of cryptocurrencies or tokens. They are all created and maintained by private sector.  For a cryp...