Topic: difference between bitcoin and blockchain (Read 726 times)
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Blockchain same as database, is a primary archifier profile and value transaction. Recent as the third may be available on Blockchain. Bitcoin is a system build on Blockchain platform. Blockchain is not a building system on the Bitcoin platform.
Hey buddy,
Blockchain is a ledger where records are stored against every single transaction of cryptos. On the other hand bitcoin on of those cryptos.
So, bitcoin is a currency and blockchain is a ledger technology where all data or transaction stored against bitcoin.
So don't mix up Currency and Technology like blockchain.
Blockchain is a ledger where records are stored against every single transaction of cryptos. On the other hand bitcoin on of those cryptos.
So, bitcoin is a currency and blockchain is a ledger technology where all data or transaction stored against bitcoin.
So don't mix up Currency and Technology like blockchain.
The blockchain is like a "mother", bitcoin is like a "child", but one thing is certain, the blockchain can generate a lot of cryptocurrency, but there is no way to create a blockchain with cryptocurrency!
In simple words, Bitcoin is a crypto-currency proposed by Satoshi Nakamoto which makes electronic payments without any trusted-intermediaries. Blockchain technology was used as a backend of Bitcoin for maintaining the distributed transaction ledger in a peer-to-peer fashion which was anonymous and permissionless.
The difference between bitcoin and blockchain that I know it is. bitcoin is a coin. blockchain is a technology. And bitcoin is created on the basis of blockchain technology.
There are some differences between the two especially in their purpose and capabilities. Bitcoin is the forum we are using today, this bitcoin was made by Satoshi Nakamoto it introduced as the new payment system and kind of money. It is digital and decentralized currency that works independently without authorities. While the blockchain is being used in bitcoin forum it used as the database because it stored data and information. It is also called digital ledger because it records all the transactions between two parties. This blockchain was also made by Satoshi Nakamoto.
Blockchain is a digital and public ledger. This Bitcoin operates independently without government or intermediaries. You can not compare Blockchain and Bitcoin. This is the case with Blockchain and Bitcoin. Blockchain is the technology while Bitcoin is the virtual currency. It's a relationship, not a difference.
Bitcoin referred as a digital money or internet money as payment for electronic transactions via online while blockchain is a the backbone of bitcoin transaction using distributed ledger technology for decentralization which means that the transactions can be viewed but no one can alter or destroy or owned it.
There are some differences of bitcoin anf blockchain especially in their purpose and capabilities. Blockchain is made for bitcoin in order to records all the transaction and iformation between two parties and it is also called a database. Blockchain is a digital and public ledger. While bitcoin is the new electronic cash and paymebt system that are online. This bitcoin works independently without authorities and middlemen. The similarities of two they are both invented by the name Satoshi Nakamoto.
Bitcoin is a Crypto currency that was created in 2009 by Satoshi Nakamoto. bitcoin is a coin created from Blockchain technology. Blockchain is only one thing that used to achieve decentralization
I found a good good article regarding this topic. Kind of manual 
Though it's quite old, but explained in a very clear and understandable way.
Actually, the distinction between Bitcoin and Blockchain should be comprehensible and not confused. Simply put, Bitcoin is a currency that runs within a decentralized network called blockchain.
Though it's quite old, but explained in a very clear and understandable way.Actually, the distinction between Bitcoin and Blockchain should be comprehensible and not confused. Simply put, Bitcoin is a currency that runs within a decentralized network called blockchain.
You can't compare Blockchain and Bitcoin. To compare two things, you need to make sure that it's same kind (for example no one will compare a rose wih a dog!). This is the case of Blockchain and Bitcoin. There are no differences between the two things 'cause they aren't one kind. Blockchain is technology while Bitcoin is a virtual money. The blockchain is the main technological innovation of Bitcoin. It's the relation, not difference.
Clearly, blockchain and the bitcoin are not the same thing. Bitcoin just happens to be linked to the most powerful digital ledger, mainly because it was the first cryptocurrency and therefore got a head start on using its power. Blockchain truly, is the superior invention here as it chains bitcoin securely, allowing us to exchange coins and promoting transactions in a world fueled with so much distrust.
They are different like chalk and chese. While Blockchain is a technology, Bitcoin is cryptocurrency whose underlying technology is Blockchain. In other words, Bitcoin is the application of the Blockchain technology.
To get you a clearer idea about this, I'll show you the two definitions:
- A blockchain is a digitialzed, decentralized, public ledger of all cryptocurrency transactions.
- Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments
The relation between the two is that, the Blockchain technology is the backbone of Bitcoin and without the Blockchain Technology, Bitcoin wouldn't exist.
- A blockchain is a digitialzed, decentralized, public ledger of all cryptocurrency transactions.
- Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments
The relation between the two is that, the Blockchain technology is the backbone of Bitcoin and without the Blockchain Technology, Bitcoin wouldn't exist.
Bitcoin is a coin, a currency and blockchain is a technology, a database or we can say data structure to hold records about transactions.
one coin, another technology, but among ordinary users of bitcoin and blockchain, there is that it is the same thing and that bitcoin is the first blockchain, which for professionals is not.
Bitcoin was created as a digital, decentralized currency, supported by technology that would ensure safety for its users by engaging its users directly - a role traditionally held by the banks. And blockchain is not a cryptocurrency, nor does it necessarily imply cryptocurrencies - there are many other applications of blockchain-related technologies.
A Blockchain is a digital ledger which stores transaction details of Cryptocurrency. Since Bitcoin is a cryptocurrency its transaction details are stored on blockchain. This males bitcoin decentralized. Now Blockchain has other usage in digital world, but Bitcoin can only be used to Buy and Sell itself and other products as it has a value.
In simple word you need Blockchain technology for Bitcoin transaction and other cryptocurremcy, Without Blockchain Bitcoin and other cryptocurrency will have nil usage.
In simple word you need Blockchain technology for Bitcoin transaction and other cryptocurremcy, Without Blockchain Bitcoin and other cryptocurrency will have nil usage.
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