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.


Into the Ether with EIP-1559

3 Aug 2021 7 minute read 6 comments hifi.crypto

Do you want a chance to win $25 USD worth of Bitcoin, paid straight into your wallet? Click here to read the full rules. Our world has undergone significant change over the past several decades as a result of the ever-accelerating pace of technologic...

7 Biggest DeFi Projects in 2021

11 Jul 2021 5 minute read 1 comment ChangeNOW

When last summer we were talking about the DeFi rapid rise, the industry was at the very foot of its real boom. Look at this chart: in summer 2020, the line seems to be somewhat close to zero, even though $4B had already been locked in the indus...

No To Bitcoin, Yes To Blockchain: Cryptocurrency And China In 2021

8 Jul 2021 4 minute read 2 comments ChangeNOW

China’s attitude towards cryptocurrency may look controversial. On the one hand, crypto exchanges and ICOs are banned in the country, on the other — the country accounts for 65% of the world’s BItcoin hashrate, promotes some leading blockchain initia...

PocketNet: Crypto-Monetized Social Media

19 Jul 2021 1 minute read 2 comments Scott Cunningham

I had the opportunity to interview Daniel Satchkov who is the author of the whitepaper for Pkoin & Pocketnet. We discussed PKoin’s tokenomics, Pocketnet, decentralization, censorship, crypto-monetized social media, and much more. Pocketnet claims to...

Yes, Bitcoin And Crypto Are A Speculation. So Are Stocks And Commodities.

18 Jul 2021 5 minute read 3 comments razvantomegea

Originally posted on lifestylemaniacs.com The first thing haters say about Bitcoin — and crypto — is that it is a speculative bubble, and it has no intrinsic value, and they are right. However, they are wrong when they say gold, stocks, or cash...

Is the UK planning to regulate Crypto and the Blockchain?

11 Jul 2021 1 minute read 6 comments Paul Straker

"...our vision puts the UK at the forefront of technology and innovation in the 21st century... …exploring the case for a central bank digital currency with the Bank of England… …consulting on pioneering reforms to support the safe adoption of crypt...

Decred Journal - June 2021

14 Jul 2021 16 minute read 0 comments Richard Red

  Core Lattice by @saender June’s highlights: An upcoming consensus upgrade was approved on Politeia which would make future consensus changes easier, more reliable, and more secure. A bug with the checks on treasury spending saw a limit which is t...

Over-the-Counter Crypto trading made easy: SwapSpace

23 Jul 2021 2 minute read 2 comments Michael Olanipekun

  The Era of swapping crypto assets with hassle is now a thing of the past with Swap Space. The pain of going through multiple exchanges to find the one that supports certain tokens/coins pairs is over. You can trade your crypto directly from your wa...

Standardization of Token Contracts in Ethereum and other Smart Contract Systems

16 Jul 2021 3 minute read 1 comment Wonrey

Each of these contracts is subtly or not so subtly different from all the other ones, which means that if you really are paranoid you need to have some programming knowledge in order to be able to audit each of those contracts, and secondly, you need...

A World Within This World

2 Aug 2021 3 minute read 2 comments acesontop

Carlos Matos was right... "The world is no longer as it used to be, the world has changed". Now, I don't know how much the world has changed or how much my perspective over the world is reshaped constantly over the past four years or so though. Befor...