Tech
Blockchain Crypto Channel – The Recursive
Blockchain explained in brief
Blockchain is one distributed ledger technology which allows data to be shared across networks without being copied or stored in a central location. This makes it a ideal solution for companies and organizations who need to securely store large amounts of sensitive information, while maintaining complete control over who can access their data and when.
In addition to providing better protection against data breaches, blockchain also offers other benefits such as greater precision through verification processes and better traceability as a result of immutability: the inability for anyone other than the owner/creator of the information stored on the network (known as “self-sovereign identity”) to modify or delete records on the network once they have been uploaded to it (or “written”).
This allows for greater transparency and trust in transactions between parties.
Blockchain is the technology that fuels cryptocurrencies like Bitcoin AND Ethereal. That said, there are many other applications of blockchain technology beyond cryptocurrencies. There are many industries that could benefit from the use of blockchain, including healthcare and supply chain management.
Why do we write about blockchain and cryptocurrencies?
Blockchain technologies and cryptocurrencies are still very young, but they are growing rapidly. There is still a lots of room for improvement in terms of speed, security and scalability.
We will need to educate the next generation about blockchain and cryptocurrencies to continue to grow it and to ensure that people understand both the benefits and the risks.
It is important to share not only the success stories of blockchain companies in South Eastern Europe (e.g. Elrond, NEAR protocol, LimeChainAND Nexo) but also the challenges that arise the way to implement mass blockchain.
As the blockchain and crypto space have evolved, the technologies have also evolved. They are still in the early stages, but are likely to continue to grow and improve over time.
As they improve blockchain database will likely replace conventional databases as the most efficient way to store data across a distributed network.
With this adoption underway, we need to discuss some of the potential downsides of the blockchain ledger such as high energy consumption, use for criminal activities and its immaturity when it comes to online transactions.
We will present the latest blockchain news, expert insights, and practical tips for anyone interested in understanding the potential of blockchain and how blockchain, cryptocurrencies, and decentralized networks can be used to build the future of work, digital currencies, and medical records.
From Decentralized Autonomous Organizations (DAOs) Through Web3 AND the Metaverse to the upcoming trends in cryptocurrenciesOur goal is to delve into all the key topics shaped by the blockchain revolution.
FAQ
Who are the authors in the blockchain channel?
Our authors who focus on the topic of blockchain networks are Bojan Stojkovski AND Antonella Ionitaconstantly looking for the next big story and talking to cryptography experts and web3 pioneers.
What materials are written most often?
We are presenting the latest blockchain news, expert insights and practical tips for anyone interested in understanding the potential of blockchain. You can expect to see how blockchain, cryptocurrency, and decentralized networks can be used to build the future of work, digital currencies, and medical records.
Can I subscribe to updates from the blockchain channel?
YES. You can Sign up for The Recursive newsletter to get the latest blockchain news insights delivered to your inbox.