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Topic: Can Blockchain Survive Without Bitcoin - page 5. (Read 3798 times)

newbie
Activity: 182
Merit: 0
Technically, yes, there are many implementations of blockchains that do not use bitcoin.  It is a fact that Blockchain Technology was first invented and implemented for Bitcoin. After the successful implementation, blockchain was considered as a revolutionary technology which can bring transparency in the system. Apart from the Bitcoin, there are many industries like banking, insurance, supply chain, etc, where blockchain can be implemented.

So, yes blockchain will do well without bitcoin
full member
Activity: 350
Merit: 100


Blockchain Technology was driven to fame by its application on Bitcoin Gold due to its encryption that has been considered hacker proof. Bitcoin has been used as a reference to its success, providing a secure network for users.

The question however is, can blockchain succeed without bitcoin?
Yes there are many implementations of blockchains that do not use bitcoin, But it really depends on what you define success. If you define success as a permissionless innovation - the ability for any person to be able to build applications or transact with a blockchain without needing permission from another person or organization then yes you need a public blockchain like those of bitcoin ethereum litecoin etc. That's why people often compare public blockchain to the internet. The internet has enabled several billion people to communicate with greater frequency and efficiency in terms of time and cost and most importantly without censorship in most countries. Public blockchains have the same benefits for transactions. A public blockchain is like an intranet only accessible to those who have been granted permission to use it. So if you define success as enabling multiple parties to transact with each other creating operational efficiencies for transactions that couldn't otherwise be achieved through database then yes blockchain can succeed without bitcoin.
jr. member
Activity: 294
Merit: 1
(https://exip.live/)
are not they related to each other. between blockchain and bitcoin.
the water in the ocean will still exist even without the fish. it looks like blockchain will still exist even without bitcoin. but will be more successful if bitcoin also achieves its success.
full member
Activity: 476
Merit: 100


Blockchain Technology was driven to fame by its application on Bitcoin Gold due to its encryption that has been considered hacker proof. Bitcoin has been used as a reference to its success, providing a secure network for users.

The question however is, can blockchain succeed without bitcoin?
It will survive ofcourse because bitcoin is a part of blockchain. and what is really important is blockchain is the technology that has proven itself by its security and how blockchain will change the future of payments.
newbie
Activity: 25
Merit: 0
With the sheer number of blockchain projects out there now, I believe that blockchain will succeed even if Bitcoin doesn’t. That being said, the death of Bitcoin would have an immensely negative impact on the blockchain ecosystem as a whole.
newbie
Activity: 56
Merit: 0
I think it already has. To me the greatest thing is Blockchain technology not Bitcoin. There is no doubt that Blockchain made the name for itself through Bitcoin only, but now it got enough popularity to have it’s own standing.
hero member
Activity: 2590
Merit: 644


Blockchain Technology was driven to fame by its application on Bitcoin Gold due to its encryption that has been considered hacker proof. Bitcoin has been used as a reference to its success, providing a secure network for users.

The question however is, can blockchain succeed without bitcoin?

Indeed. Even without bitcoin, blockchain still can run. There are so many coins in the market with a high potential. It just happened bitcoin is too popular and some coins are not.
I agree that there are coins that have a high potential like bitcoin but they are not noticed or discovered yet because bitcoin is the center of the attention and a lot of people are just going to buy bitcoin when they heard about cryptocurrencies but they should look to other coins also as they are also good for investment just like bitcoin.
newbie
Activity: 95
Merit: 0
Definitely it will. It can never be argued that bitcoin is perhaps the biggest of the foundations on which blockchain is built upon, But, over the years there have been lots of different project being built upon the blockchain tech, making it an individual powerhouse of its own comprising of different crypto projects, probably as strong as bitcoin but not as popular. So even if bitcoin falls eventually, I strongly believe that blockchain will stand firm..
member
Activity: 263
Merit: 12
Blockchain technology powers the public ledger of the crypto coins, it serves as the central managing system to ensure each coin is properly documented, connected together, cannot be duplicated, the encryption and others. This technology could create any kind of coins sames as bitcoin,so probably blockchain could survive without bitcoin,its just happens that the first coin created is bitcoin and become the most popular and the most adopted coins that become known because of its value.
member
Activity: 218
Merit: 10


Blockchain Technology was driven to fame by its application on Bitcoin Gold due to its encryption that has been considered hacker proof. Bitcoin has been used as a reference to its success, providing a secure network for users.

The question however is, can blockchain succeed without bitcoin?

Indeed. Even without bitcoin, blockchain still can run. There are so many coins in the market with a high potential. It just happened bitcoin is too popular and some coins are not.
newbie
Activity: 66
Merit: 0
blockchain is a system that bitcoin used to store their transaction, if bitcoin dont use blockchian i think blockchain still can survive,This bounds to state and agreed that the Blockchain can still be existing and survive even if Bitcoin terminates today, though which it's not just happening in decades at all.
sr. member
Activity: 415
Merit: 250
Yes it will survive. Bitcoin is their one of their projects where there are more than millions who using it. Even without bitcoin in blockchain. Blockchain can more provide and create more coins that can be use as a cryptocurrency.
sr. member
Activity: 430
Merit: 250
blockchain and bitcoin both have very important relationships in the crypto world, but although bitcoin is the culmination of the current crypto coin chain. so, I think blockchain without bitcoin can survive. if when bitcoin disappears for some reason, blockchain persists by replacing it with another crypto coin. but instead, bitcoin without blockchain probably will not last.
copper member
Activity: 196
Merit: 0
IF THERE ARE VARIOUS TYPES OF BLOCKCHAIN AND DIFFERENT NETWORKS FOR DIFFERENT USES THEREFORE EXISTS BLOCKCHAIN OF THE ETHEREUM WAVES TYPE ALL USES
newbie
Activity: 135
Merit: 0

Could be because there are still a lot of companies out there who want to use blockchain to store all their data and possibly anything but I'm sure blockchain can survive without bitcoin and I think if blockchain without bitcoin might bank use blockchain to store all their transact evidence
newbie
Activity: 308
Merit: 0
Yes for sure. Without bitcoin we still have ethereum, which is supported in all exchanges. Or we have ripple, also very popular now. So, without bitcoin we are still good
full member
Activity: 826
Merit: 104
blockchain is part of btc and both need for each others stay i mean btc is soul of blockchain.
without btc blockchain will stay but there will be no good effect.
member
Activity: 198
Merit: 10


Blockchain Technology was driven to fame by its application on Bitcoin Gold due to its encryption that has been considered hacker proof. Bitcoin has been used as a reference to its success, providing a secure network for users.

The question however is, can blockchain succeed without bitcoin?
I`m thinking that there are already many of cool blockchains as Ethereum one, that can competite Bitcoins one and win eventually. So it will survive.
sr. member
Activity: 420
Merit: 250
It just happened bitcoin is too popular and some coins are not.Other cryptocurrencies can rise on the top soon.
jr. member
Activity: 135
Merit: 1
Blockchain has numerous uses and Btc is just a single component of its use. definitely, blockchain can survive without Btc. I'm one big fun of blockchain and I admire so much the technology. It can transform our banking system and ensures transparency in organisations.
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