Are Blockchain and crypto currency the same?

Sarah Azhari

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Quote from: Pillsike on November 26, 2022, 06:09:34 AM

I understand that crypto currency is a form of digital money like Bitcoin and Altcoins like ethereum, ripple and the rest. While Block chains are decentralised, public digital ledgers used to store crypto currencies and record transactions.
Blockchain is the technology that enables the existence of crypto currency. There is no crypto without Blockchain. In a logical sense Blockchain and crypto currency work hand in hand, two different entities existing as one unit .
This is just my own point of view , feel free to correct me in any aspect you feel that I might be wrong in

I know what this mean, when we put our crypto on a centralization exchange (where we can't explore like we can explore our crypto on blockchain explorer), we don't own the blockchain. Cryptocurrency is identic as exchange, we can't live if we haven't a cryptocurrency on there. so blockchain is a technology for use by people who own private keys, if he put the crypto on exchange is not called blockchain but cryptocurrency.

pooya87

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Quote from: Pillsike on November 26, 2022, 06:09:34 AM

I understand that crypto currency is a form of digital money like Bitcoin and Altcoins like ethereum, ripple and the rest.

Unfortunately the definition of "cryptocurrency" has been stretched a little. Technically any currency based on cryptography and blockchain technology is a cryptocurrency. But some of them are not currencies at all like ethereum which is a platform for smart contracts (with ether as the fuel for smart contracts).

They can be decentralized like bitcoin or centralized like ethereum, ripple, etc.

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While Block chains are decentralised, public digital ledgers used to store crypto currencies and record transactions.

Blockchain is simply a chain of blocks that doesn't have to be public or even decentralizied.

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Blockchain is the technology that enables the existence of crypto currency. There is no crypto without Blockchain.

Correct about most projects but not all. For example there are altcoins that use DAG which is a graph (no linear relation like chain).

jackg

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https://bit.ly/387FXHi lightning theory

You can get crypto without blockchains but they're much less secure. There are solutions that don't need blockchains and update a chainstate instead based on "masternodes" or similarly centralised spaces. There might be something that comes out that can beat blockchains though (either in security or storage efficiency) although I don't think it's appeared yet so blockchains are the best we have.

Doan9269

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Quote from: Pillsike on November 26, 2022, 06:09:34 AM

Snipped

Blockchain is an open distributed ledger that performs bitcoin transaction on he bitcoin network while blockchain also compromise of smart contract, solity, Dapps, Defi among others that centralized and decentralized networks uses. OP i will advise you read better on what bitcoin is and how it works with the blockchain technology, this will as well help your crypto experience at large because you will need it.

socks435

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Privacy is always important

Why did you ask that cryptocurrency and blockchain is different?
Like you said crypto never exist if the blockchain doesn't exist.
So what is the difference between them?

I don't get your point and it doesn't make any sense.

Pillsike

newbie

Activity: 26

Merit: 1

   I understand that crypto currency is a form of digital money like Bitcoin and Altcoins like ethereum, ripple and the rest. While Block chains are decentralised, public digital ledgers used to store crypto currencies and record transactions.
   Blockchain is the technology that enables the existence of crypto currency. There is no crypto without Blockchain. In a logical sense Blockchain and crypto currency work hand in hand, two different entities existing as one unit .
   This is just my own point of view , feel free to correct me in any aspect you feel that I might be wrong in

Topic: Are Blockchain and crypto currency the same? (Read 76 times)