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.


Bitcoin as a Safe Haven: Fact or Myth?

11 Feb 2020 4 minute read 41 comments cam_elica_24

Image Source: Shutterstock   Over the years bitcoin has frequently been touted as a “safe haven” and the narrative has only gotten stronger in the past weeks. Apparently the idea won’t die, despite its legendary volatility and reports of thefts and h...

Atomic Wallet vs. Trust Wallet – clash of the titans!

11 Jun 2020 4 minute read 38 comments paragism

  Cover Image Source - modified I came to know about Atomic Wallet in 2018 when they completed their ICO successfully. The company was founded in early 2017 by Konstantin Gladych, former CEO of Changelly. Atomic Wallet is a non-custodial multi-coin w...

Paypal Enables Cryptocurrency Payments - Here's What to Expect

12 Apr 2021 3 minute read 12 comments KuCoin Blog

Mobile and digital payments giant Paypal has announced the launch of its “Checkout With Crypto” service. This service will allow its users to use cryptocurrencies from their Paypal wallets to make payments at millions of merchants that support the p...

LibertyOS: The Brave Browser of Operating Systems

10 Feb 2020 5 minute read 35 comments SkinnerCrypto

First and Formost I gotta shout out all of my followers. I just hit the 300 mark and frankly, I am humbled. People have actually liked what I'm writing. It makes me happy and I hope to do more and do it better. Imagine if Brave and the Basic Attentio...

Are You Already Earning Passive Income?

6 Dec 2020 7 minute read 11 comments Khazrakh

The concept of passive income is something I've been attracted to ever since. The idea of earning money without having to do anything other than waiting for the next payment seemed really tempting to me. In theory, you earned passive income by just p...

Never Miss a "Musk Call" Again

31 Mar 2021 2 minute read 13 comments acesontop

The world of social media is a world of influencers and influenced one. Usually the ones leading with influence are either wealthy, "powerful" or have over time gained the trust of their audience in whatever they share online. I once dreamt of becomi...

Single-Sided AMM Staking on Bancor V2.1

26 Oct 2020 1 minute read 12 comments Bancor Network

Step 1: Go to https://app.bancor.network/eth/protection and click “Stake”   Step 2: Under the Single-Sided Protection option, click “Stake and Protect”:   … in the list that appears, search for the pool you want to contribute liquidity to. Here, we...

If You Can’t Withdraw Your Crypto, Stay Away

17 May 2020 1 minute read 42 comments Scott Cunningham

I’ve made many videos not recommending multiple platforms in the past for many different reasons and have many red flags that I look for when reviewing platforms for my comprehensive review. Given many people from those platforms are naturally upset,...

What is EIP-1559? How will it affect everyday users? Will it Pump Up ETH Price?

25 Mar 2021 4 minute read 1 comment DigiFinex

I. What is EIP-1559?  Ethereum (ETH) is believed to be the greatest invention in the cryptocurrency world after bitcoin. Since its appearance, it has driven the crypto realm into mania twice - ICO in 2017 and DeFi in 2020, and this craze has seen no...

Boom goes Ethereum — past $3300!

3 May 2021 2 minute read 9 comments fklivestolearn

ETH has propelled to new All-time highs on the back of Defi & NFTs boom, futures launch & upcoming upgrades For once I feel like saying… Told you so! Early in January of this year, I wrote a piece on why I felt it was Ethereum’s turn to climb higher....