Topic: Can Blockchain Survive Without Bitcoin - page 8. (Read 3798 times)
BTC need Blockchain To Live. But Blockchain Can Produce other currencies. Bitcoin created the pathway for blockchain technology to come into existence and they are all independent of each other.
Blockchain technology is the building block of bitcoin. Blockchain is independent from Bitcoin but bitcoin helps blockchain to be established.
It seems to me that the blockchain technology can be implemented in isolation from bitcoin, but it will still require a token or any other tool tied to a decentralized register.
Why not? Im pretty sure it will ne teplaced by some other coin should bitcoin, for whatever reason, fail.
blockchain is a new technology whereas btc just a currency, your question is like can internet survive without facebook. It is clearly that even if btc becomes extinct the blockchain is here to stay.
It could be, but if the bitcoin is gone it will probably lower the person using the blockchain. Due to a sophisticated cryptographic protection system, Blockchain offers a much safer experience than traditional banking.
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 think since bitcoin is the creator of blockchain, blockchain is still depends on bitcoin to be also popular. But it can be an indepedent figure as long as it has the capability.
I think yes it can survive. it's the underlying technology that made bitcoin successful which is the blockchain. as you can observe there are many applications that are being made on top of blockchain. altcoins are the proof of it.
The blockchain is a technology, not a coin but Bitcoin is made on the Blockchain technology and due to a lot of growth and demand and great market capitalization of bitcoin, Bitcoin play a vital role to make famous Blockchain technology that is why some peoples think bitcoin is Blockchain technology,
Indeed, it will. Bitcoin has without a doubt assumed a crucial part to get Blockchain going and putting it where it is today. In any case, I immovably trust that regardless of whether Bitcoin flops in future, the blockchain innovation will win. Many intriguing applications being propelled on Blockchain tech and some of them will get footing without a doubt. Blockchain is digging in for the long haul! Smiley
A blockchain can't stand up and reach consensus if there isn't underlying an asset that constitutes its lifeblood.
You are right, an asset is really important for the blockchain to continue its life and bitcoin and other coins are needed for the blockchain to continue to work.
Blockchain will still survive if there is an exist of Bitcoin or not because Blockchain MADE BITCOIN, not Bitcoin made Blockchain dude.
yes blockchain can survive without bitcoin because the blockchain technology is the decentralized public ledger,used for crypto currency transactions but bitcoin is a coin.
A blockchain can't stand up and reach consensus if there isn't underlying an asset that constitutes its lifeblood.
I think it really can. because Bitcoin is actually using Blockchain network. not a blockchain that needs Bitcoin. Blockchain will stay alive without bitcoin. because it can still use another coin. it will kill all crypto currency if Blockchain does not exist. and all grow from Blockchain and Bitcoin.
Of course it can survive but we cannot say otherwise. All the coins are dependent on block chain as it is the backbone on which they run.
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
For me Blockchain needs bitcoin and bitcoin needs Blockchain.I think both of them need each other.It is a good combination if we have both of them.
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?
Bitcoin is one that made it successful through the blockchain technology. Following this the potential of blockchain got revealed to the outer world. This is just a beginning and following this more blockchain implementations based on the requirements of the specific business were developed.
For my own opinion, i think it can survive. There is a lot of altcoins exist in the market and ethereum is one of the most popular altcoin. Unlike bitcoin it has a big price and we all know that having bitcoin is can really survive.
What do you mean by saying 'unlike bitcoin it has a big price'? Bitcoin is obviously way bigger. Maybe you mean it has a big bloated blockchain or something.
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