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.


How to Accept Bitcoin on Shopify

30 Jul 2021 1 minute read 2 comments BitcoinPoliticalEnthusiast

Shopify is one of the largest eCommerce platforms on the internet. Operating your store on Shopify means you’ll get good support, efficient software, and strong name recognition. Now you can accept Bitcoin on Shopify stores too! With Blockonomics’ Di...

Apps That Make you Passive income from your phone

30 Jul 2021 2 minute read 2 comments Jack216

Apps That Make you Passive Income Part 6 In today blog I'm going to cover some apps you can download to start making money. These apps are great for building up your passive income. I've personally tested all theses apps so that you know that their l...

Project Catalyst - Cardano DAO - Video of Voting in Fund5 in the mobile app

30 Jul 2021 1 minute read 0 comments Cryptotexty

I've recorded video from Catalyst voting app for educational purposes. Especially for the people outside of Cardano ecosystem this might be useful to see how the big crypto-DAO is emerging. Thanks for watching. If you delegate or plan to delegate yo...

Ethereum's "London" Hardfork Is Coming Thursday Morning, Here Is Everything To Expect.

3 Aug 2021 1 minute read 0 comments Justin Horneker

Ethereum's London Hardfork, or backwards incompatible upgrade, is planned to take effect Thursday morning at 7 AM. (you can find the countdown here) At exected block 12,965,000, the London Hard Fork will go live on the Ethereum mainnet after a series...

T.K.O. Summit 2021: Unlocking the Key to the Future of Cryptocurrency in Asia

29 Jul 2021 2 minute read 1 comment TKO by Tokocrypto

After successfully holding various global blockchain events such as Indonesia Blockchain Week 2020 and BSC Summit 2021, Tokocrypto upped the ante when more than 36,000 attendees from over 11 countries attended the virtual T.K.O. Summit 2021 on July 2...

Bitcoin Sentiment Reverting Back to BTFD? (July 30 Forecast)

30 Jul 2021 1 minute read 0 comments Crypto Daily FX

Bitcoin fell a hair on Thursday, trading right around the $40K level before closing the daily candle just underneath, giving us a quiet sideways Thursday candle. Following the early-week breakout higher, BTC could take a few days or even a couple wee...

How to Live on Crypto: Pay Bills

28 May 2021 1 minute read 14 comments TheDesertLynx

Hi, and welcome back for the final installment of this first run of how to live on crypto. Today I’m going to try to show you how to pay your bills using cryptocurrency. This is the most difficult part of living on crypto. If you can’t do it where y...

Hydro Development Updates 05 August 2021

8 hours ago 2 minute read 0 comments Project Hydro

Hello everyone, it’s time for another Development Update. During the 2nd week of July, we published the article which contains all of the updates from June month. You guys can check it out, if you haven't already. Before we move forward with develop...

02 Aug: Square Bitcoin Revenue: $2.72B

2 Aug 2021 1 minute read 0 comments TheCryptoCurator

"Success is the progressive realization of predetermined, worthwhile, personal goals."-Paul J. Meyer Big news of the day is Square Reports Whopping $2.72 Billion in Bitcoin Revenue Despite Major Market Correction. Watch the Video of the Day as Altcoi...

Staking Coins Worth Your Time

1 Aug 2021 2 minute read 1 comment Cal_tv93

This post will not only be about coins that have the POS algo. This will however also include coins that have some sort of POS Algo. These coins will earn you money while you sleep. You do not have any reason not to use POS coins since they take no m...