Bitcoin and block chain technology. | Bitcointalksearch.org

Tapyaks72

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Quote from: fiulpro on March 27, 2018, 05:52:51 AM

Its like talking about the banking system of lending and buy/sell and the money itself. Obviously they go side by side. One is made with reference to the other. Now surely you can use anything to exchange in terms of buying and selling as far as both parties agree, but that doesnt separate money from the whole system.

Bitcoin is a digital currency, and the platform or the background on which it works and gets generated is blockchain technology. Algorhythmic problems are solved, new coins are created, transactions are verified. Thats how it works. Now as banks deal in various other works aswell, similarly blockchain can be deployed into different areas of need. But it will always be rememebered to be associated with bitcoins in the future.

Yeah bitcoin and and Blockchain technology co exists the technology that made bitcoin proliferate is the Blockchain technology. Blockchain technology has many applications but the most unique and I think first of its kind which is P2P decentralized were there is no third party involvement. Because of this technology bitcoin become unique and no boundaries and a true crypto currency.

wantjokull

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Sort of.

But we do see that how people react whenever there is something new about the bitcoin or block chain. It is not about the misunderstanding anymore because it is what it is in reality!! I mean if people are now reacting in positive way if the blockchain development is making progress and if as result of that they are making huge investment into bitcoin then whats the problem? It is consequently growing the bitcoin market capitalism and thus the prices are sky rocketing.

My friend, many times things are very complicated but there is always output which matters a lot and not the obstacle that comes in the way! So whether it is blockchain or bitcoin news what matters is, what other people think about it.

hase0278

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Quote from: mi56374100 on March 27, 2018, 02:07:20 AM

the block chain technology has a certain application prospect in the future, and does not represent the future of bitcoin. Many people mistakenly equate the development of block chain technology with the development of bitcoin, which is wrong.

At least for now, bitcoin is the best application out in the crypto world that utilizes blockchain tech and that is the most common reason why people often related blockchain adoption to the rise in price of bitcoin. People will stop doing it if a better crypto comes along but for now I don't think there aren't any better crypto coin besides bitcoin. Blockchain tech alone is not good enough in order to show it's potential. Nevertheless, it will surely be used in many things in the future.

fiulpro

hero member

Activity: 1890

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Its like talking about the banking system of lending and buy/sell and the money itself. Obviously they go side by side. One is made with reference to the other. Now surely you can use anything to exchange in terms of buying and selling as far as both parties agree, but that doesnt separate money from the whole system.

Bitcoin is a digital currency, and the platform or the background on which it works and gets generated is blockchain technology. Algorhythmic problems are solved, new coins are created, transactions are verified. Thats how it works. Now as banks deal in various other works aswell, similarly blockchain can be deployed into different areas of need. But it will always be rememebered to be associated with bitcoins in the future.

Hui8

sr. member

Activity: 602

Merit: 259

Yup I agree on this one ! Many times people are making this sort of confusion and whoever there is news related to the blockchain then think the prices of the bitcoin will rise suddenly but they are completely wrong about it. Why any modification of the blockchain will spike the prices of bitcoin at all? Its not development of the bitcoin but it is the development of block itself. The same thing applied when we are talking about the vice versa situation. On the brighter side we better keep both things separate so that people dont make investment based on the development of block. This awards must be spread everywhere. Having a stage is different thing but playing on that stage is completely different one!

FrueGreads

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Quote from: mi56374100 on March 27, 2018, 02:07:20 AM

Bitcoin is bitcoin, block chain technology is block chain technology, this is two completely different concepts, bitcoin is only applied to block chain technology.

Block chain technology belongs to a kind of the method to solve the problem (or technology), does not represent value, it is similar to the modern communication technology can be used to solve the problem of communication, who can be by using the principle of the communication technology to develop their own products, but the modern communication technology has a broad prospect of application is not promising represents your product.

Similarly, the block chain technology has a certain application prospect in the future, and does not represent the future of bitcoin. Many people mistakenly equate the development of block chain technology with the development of bitcoin, which is wrong.

I understand what you are trying to say, specially because blockchain can be used for several other things, as we keep seeing around us. But I also think that is very hard to imagine one thing without the other, specially for bitcoin, since there is no bitcoin without blockchain. This alone kind of offers value to blockchain technology.

I do believe that bitcoin as a blockchain application, is making a lot more progress than any other blockchain applications and it's proving that blockchain alone, does not have the power to change anything, and is only as good as the applications running on top of it. In fact, blockchain as a raw technology has a lot of problems as we know it, since it doesn't handle scalability very well and that's why bitcoin as an application, is solving those with off chain solutions.

jakagintiri

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www.coinxes.io

Quote from: mi56374100 on March 27, 2018, 02:07:20 AM

Bitcoin is bitcoin, block chain technology is block chain technology, this is two completely different concepts, bitcoin is only applied to block chain technology.

Block chain technology belongs to a kind of the method to solve the problem (or technology), does not represent value, it is similar to the modern communication technology can be used to solve the problem of communication, who can be by using the principle of the communication technology to develop their own products, but the modern communication technology has a broad prospect of application is not promising represents your product.

Similarly, the block chain technology has a certain application prospect in the future, and does not represent the future of bitcoin. Many people mistakenly equate the development of block chain technology with the development of bitcoin, which is wrong.

I think both have trends and are very popular nowadays where the two are being calculated nowadays.
The first Blockchain, many observing decentralized systems, this means how useful Blockchain is for the future, and is already applying future technology and transfortation.
both Bitcoin, now many people have bitcoin fever, many people who want to use it but still limited to the rules of the country, the country still think about Bitcoin for overall control where there is connection with Blockchain itself which will be big simultaneously.
today's rapid technological developments in the society of success will depend on the users themselves.

cryptocrusher

full member

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Quote from: mi56374100 on March 27, 2018, 02:07:20 AM

Bitcoin is bitcoin, block chain technology is block chain technology, this is two completely different concepts, bitcoin is only applied to block chain technology.

Block chain technology belongs to a kind of the method to solve the problem (or technology), does not represent value, it is similar to the modern communication technology can be used to solve the problem of communication, who can be by using the principle of the communication technology to develop their own products, but the modern communication technology has a broad prospect of application is not promising represents your product.

Similarly, the block chain technology has a certain application prospect in the future, and does not represent the future of bitcoin. Many people mistakenly equate the development of block chain technology with the development of bitcoin, which is wrong.

You are right to say that it is wrong that the development of blockchain technology and the development of bitcoin are not the same but they do go hand in hand in terms of success. Any developments in the use and adoption of blockchain technology will benefit bitcoin as it shows a greater acceptance and acts as a marketing tool for bitcoin.

mi56374100

newbie

Activity: 168

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Bitcoin is bitcoin, block chain technology is block chain technology, this is two completely different concepts, bitcoin is only applied to block chain technology.

Block chain technology belongs to a kind of the method to solve the problem (or technology), does not represent value, it is similar to the modern communication technology can be used to solve the problem of communication, who can be by using the principle of the communication technology to develop their own products, but the modern communication technology has a broad prospect of application is not promising represents your product.

Similarly, the block chain technology has a certain application prospect in the future, and does not represent the future of bitcoin. Many people mistakenly equate the development of block chain technology with the development of bitcoin, which is wrong.

Topic: Bitcoin and block chain technology. (Read 130 times)