Topic: Can Blockchain Survive Without Bitcoin - page 51. (Read 3799 times)
Blockchain doesn't need Bitcoin to run. To my knowledge Blockchain was invented by Satoshi Nakamoto to use the principle of cryptocurrency Bitcoin. And now a lot of coins have emerged using this technology. Surely it was invented only for Bitcoin but nowadays it is used in various aspects beside cryptocurrency. Like tracking refugees, creating financial avenues, preventing voter fraud and so on.
The simple answer is a yes.
Bitcoin is better due to the advancement of the blockchain technology. I believe the question should have been asked in the opposite direction. Blockchain is a technology that is meant to add value to how transactions are done in world of cryptocurrencies.
I think it’s rather a hgood Blockchain that’s the backbone and it’s that bitcoin wouldn’t really survive without it no wonder almost every institution and countries are now adopting it.
the blockchain runs other currencies, and with every day that passes this currencies becomes more grounded. so yes obviously the blockchain will survive.
Assessing the crypto currency, the state first of all note the usefulness of its technology blockchein. Some countries quite successfully apply the technology blockchein, at the same time, they are distrustful of the crypto currency. Therefore, in any case, the technology blockchein will be able to survive without bitcoin. In addition, a lot of bitcoin plugs have been produced now, many coins with good characteristics have been separated from them and they may well replace it with bitcoin if something happens to it.
Maybe blockchain can not survive because what are they powering is the bitcoin and other cryptos so this vlochchain technology are used by bitcoin to further achieve the esay and proper processing ot transaction of bitcoin and other cryptos , so blockchain and bitcoin will go along the way for easy business success inthe digitsl world.
I cant see how thats possible. Actually its possible but you need some form of incentive to keep the integrity of the blockchain in tact and a currency seems to be that missing key. Its still the only formula humans have come up with thus far to secure a decentralised distributed system. If you don't mind that its centralised then most backs have a blockchain already of some sorts. In the fact they keep track of unspent transactions.
Blockchain and Bitcoin are like machine and oil. a machine can not function without oil and oil is not oil without machines. the reason why Bitcoin is Bitcoin is because of Blockchain, and the reason why Blockchain is Blockchain is because Bitcoin. they work vise visa they are like twin. maybe in the future they might introduce a different technology that might separate them, but for now they are to together and seems inseperable
No, that's impossible, because you have to have a built-in incentive mechanism to secure the blockchain in question via PoW.
If you don't have that, you've got a centralized system and then there's no point in using the blockchain-datatype.
If you don't have that, you've got a centralized system and then there's no point in using the blockchain-datatype.
an unauthorized system, a transaction without a bank, or a contract without the need for a notary without difficulty and without cost. The system that can replace the function of a third party is called blockchain, the technology behind the success of Bitcoin cryptocurrency. The authorization, authentication, and verification process are all in the blockchain system. This blockchain system is decentralized, open, read only, read only means that once the transaction is recorded, the record can no longer be changed. Actually it is not unchangeable, but it is almost impossible that anyone can manipulate the recorded data. So the blockchain system will survive without Bitcoin instead Bitcoin will not survive without Blockchain.
Bitcoin is better due to the advancement of the blockchain technology. I believe the question should have been asked in the opposite direction. Blockchain is a technology that is meant to add value to how transactions are done in world of cryptocurrencies.
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?
There are so many other cryptocurrencies in Block chain technology in as much that bitcoin is the most popular coin. Even if bitcoin fails,I think yes! block chain can survive, everything is there foresight. Adaptable
I think Bitcoin is more like the marketing for blockchain technology which exist even before bitcoin was founded. Although bitcoin did a lot of promotion for the achievement right now, blockchain will still exist and thrive even without bitcoin in the first place, its more like a car will still exist even without any advertisement to promote it as long as the car serve a purpose for the mass
I think yes! block chain can survive even without bitcoin and I guess there are other way or means in which block chain they accumulated certain amount for it and there are also people behind it who can manage to do what ever it is it...in short block chain can still survive
Blockchain will continually exist even without bitcoin, btc is a currency aspect of this technology, a lot of projects, applications, coins, social media e.t.c have started adopting blockchain technology of course this technology has a feature of solving many societal problems, it's no longer news that many countries are exploring this technology in bid to fully implement it in various sectors of their economy.
Can “it “survive without Bitcoin? Possible in theory (if the objectives are twisted accordingly) but very unlikely in practice.
Originally, the blockchain is a new type of database that can be used and maintained without a central administrator.
Unlike a traditional, relational database, the blockchain is administered through a consensus protocol. Therefore, whenever the word “blockchain” is used, we should ask which “blockchain” is in question, i.e what is the protocol ruling said blockchain.
Originally, the blockchain is a new type of database that can be used and maintained without a central administrator.
Unlike a traditional, relational database, the blockchain is administered through a consensus protocol. Therefore, whenever the word “blockchain” is used, we should ask which “blockchain” is in question, i.e what is the protocol ruling said blockchain.
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. State Bank of India (Largest Public Bank of India) recently announced that it will use Blockchain for Smart Contracts and KYC by next month.
So yes, I think blockchain will survive even without bitcoin.
Apart from the Bitcoin, there are many industries like banking, insurance, supply chain, etc, where blockchain can be implemented. State Bank of India (Largest Public Bank of India) recently announced that it will use Blockchain for Smart Contracts and KYC by next month.
So yes, I think blockchain will survive even without bitcoin.
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?
BTC and blockchain were born at the same time. BTC blockchain was reserved only to carry out transactions and nothing else can be done over it. It was ethereum who gave the concept that blockchain can be used for other purposes as well. Today there isn't even a single business that can't be migrated to the blockchain.
If we see blockchain from BTC prospects, we can say with confidence that there is no future of blockchain without cryptocurrency.
But with so many DAPPs now running over blockchain (thanks to ethereum), we can say blockchain can survive without cryptocurrency.
In fact, cryptocurrency is just one application that is running over blockchain, blockchain technology has prospects that are yet to be discovered by the human mind.
I feel the blockchain technology will still survive even if btc fails in the near future. I feel block chain technology will being many more good application based on blockchain technology and also bring many more attractions and also many good investors who will start vesting their money and bring many more good things in the future.
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