Topic: Can Blockchain Survive Without Bitcoin - page 56. (Read 3799 times)
Block chain operates all the crypto money but mostly the bitcoin transaction takes place through blockchain So it is said that the blockchain will survive if the bitcoin not available then they will deal other crypto coins and the system will go on. Bitcoin for the present time many transaction takes place over the internet and i think the bitcoin is the most active trading currency of the world.
Discussions about whether a blockage can work separately from Bitcoin and other crypto-currencies arise frequently and they contain a variety of arguments. CEO of the start-up LedgerX and adviser to the US Commission on Commodity Markets and Trade (CFTC) Paul Chow says that companies that are trying to use a blockage without Bitcoin are seriously mistaken.
According to Chow, bitcoin and blockade are inextricably linked and must remain so constantly, even when the technology of the block is widely adopted. In the company of LegderX Chow is working on the creation of a regulated market for Bitcoin derivatives.
According to Chow, bitcoin and blockade are inextricably linked and must remain so constantly, even when the technology of the block is widely adopted. In the company of LegderX Chow is working on the creation of a regulated market for Bitcoin derivatives.
Bitcoin maybe the bases of all existing blockchain creations today and this idea has been brought so far by many great developers diffrent types of blockchain has been developed so even if bitcoin will vanished in the future still it will continue to progress and evolve new kinds of blockchain technology in the future.
Of course it will, 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 
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?
Wikipedia says "Blockchain was invented by Satoshi Nakamoto in 2008 for use in the cryptocurrency bitcoin, as its public transaction ledger.[1] The invention of the blockchain for bitcoin made it the first digital currency to solve the double spending problem without the need of a trusted authority or central server."
From the foregoing, blockchain was designed with bitcoin in mind. Therefore, the efficient working of the blockchain is most efficient with 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?
The question however is, can blockchain succeed without bitcoin?
Yes, Blockchain will survive without the BTC.
In theory, the only thing that's needed for Blockchain is the Internet.
So the Blockchain is unlikely to disappear.
Blockchain technology has not only produced bitcoin but almost all coins. Yes we know that bitcoin is the king of coins but even if bitcoin went down there are still other coins than can take over. We have altcoins right now that have potential to over throw bitcoin as the number one coin.
The technology will only die if there will be a more superior way to replace it.
The technology will only die if there will be a more superior way to replace it.
Yes blockchain as a technology will survive even without Bitcoin. Bitcoin was just the first application of this technology. I think we are going to see a lot more case use of this new technology in the future. Banking, retail, supply chain, identity are some of the applications being looked at seriously today using the blockchain distributed ledger.
It’s no question that bitcoin cannot exist without blockchain, as this is the cryptocurrency’s defining feature. However, many have wondered if the underlying technology could persist even if the digital currency is no longer in existence. After all, bitcoin is having trouble shaking off its negative associations with money laundering or underground markets like Silk Road, and may be unable to gain the trust and confidence of the general public.
You can not survive without bitcoin because if only Bitcoin is working with Bitcoin, or if Bitcoin is dead or ending, the room starts sinking after a few days.
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?
Blockchain is a technology that will change how things are done and contrary to the believe that blockchain might not survive without bitcoin, its the other way round as bitcoin survival is reliant on the continued advancement of blockchain and the reason is simple. While a lot of comments and countries have been against bitcoin, which has been about either regulating or banning totally, I have not read any argument against the blockchain technology and even a lot of commendations and continued development in that regard.
I have come to conclude that those who are against bitcoin are only joking so far they still believe in the technology behind it and willing to harness it to the fullest which is Blockchain.
without an incentive in the form of monetary compensation from the network, the block will lose its effectiveness. LedgerX creates products for financial institutions that use Bitcoin. The company raised about $ 1.5 million of venture capital and is looking for additional financing.
Blockchain has a lot of potential uses and it is not limited for securing Bitcoin, so it will survive even without Bitcoin. It is just that most developers focuses on using it for creating new cryptocurrency this is why some people thinks that blockchain can only be used in cryptocurrency, but that is not true. It can be used in securing different kinds of data. One example of its uses is it can be use for better election of new country officials, in this case when we use blockchain for voting system it will be more secured and blockchain technology can prevent data from being edited or from any change because all stored data are permanent so no one can cheat but blockchain can't stop people from selling their vote.
Let's get from the start. Blockchain is distributed ledger technology, where data are shared, synchronized and replicated across multiple sites, countries, or institutions !
Institution is UK Government, Office for Science. January 2016. Retrieved 29 August 2016.
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/492972/gs-16-1-distributed-ledger-technology.pdf
Blockchain is created before Bitcoin by inventor Kelce S. Wilson, and patented in US patent office
http://www.peddal.com/patents/8135714_Wilson.pdf
Public Electronic Document Dating List (peddal)
Banks are investing heavily in distributed ledgers as a cost-saving measure and a way to reduce operational risks via ''Restructuring and Innovation in Banking'' agreement.
The future use of distributed ledgers is expected to monetize the Internet of things in a programmable economy.
So, Blockchain will not just survive, but will be implemented in many different ways, not as "Blockchain", but as a Distributed Ledger (Shared Ledger) !
Institution is UK Government, Office for Science. January 2016. Retrieved 29 August 2016.
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/492972/gs-16-1-distributed-ledger-technology.pdf
Blockchain is created before Bitcoin by inventor Kelce S. Wilson, and patented in US patent office
http://www.peddal.com/patents/8135714_Wilson.pdf
Public Electronic Document Dating List (peddal)
Banks are investing heavily in distributed ledgers as a cost-saving measure and a way to reduce operational risks via ''Restructuring and Innovation in Banking'' agreement.
The future use of distributed ledgers is expected to monetize the Internet of things in a programmable economy.
So, Blockchain will not just survive, but will be implemented in many different ways, not as "Blockchain", but as a Distributed Ledger (Shared Ledger) !
I believe it will survive. The block chain may not be known that much without bitcoin but because there are altcoins it may, depending on how this coins are promoted or used. If they cannot create more market for these coins then the block chain will be a hollow block empty and void. Populariry matters.
Blockchain is is a channel through which bitcoin transactions take place, it supports other alt coin transactions too and therefore can be independent of bitcoins
Of course, the block chain can survive without bitcoin, but bitcoin will not survive and will not work if it's without a block chain.
Therefore, block chain and bitcoin both have a very important relationship, for the transaction smoothly.
If bolck chain without bitcoin, I think it is impossible, for what appears block chain if there is no bitcoin?
Therefore, block chain and bitcoin both have a very important relationship, for the transaction smoothly.
If bolck chain without bitcoin, I think it is impossible, for what appears block chain if there is no bitcoin?
I think that if bitcoin disappears for some reason, certain coins will be able to take its place as the leader of the crypto currency. It can be ethereum, or bitcoin cash or any other successful coin that will manifest itself in the future. Just for transfer to fiat will already use these other coins. Crypto currency is constantly being improved and therefore you need to be prepared for various changes in the rating of any of the digital coins.
It can be run without Bitcoin, but the key is Bitcoin as they are invented blockchain. There are lot of coins who are personally running , however still they needed to be popular just like 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?
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