Bitcoin is a cryptocurrency and this currency we can hold in digital format also blockchain is a website where all bitcoin transaction happen and also we can see all transaction details of bitcoin and other cryptocurrency basically we can say both are depend on each other blockchain bitcoin and blockchain both are valuable for crypto world.
Topic: difference between bitcoin and blockchain - page 2. (Read 726 times)
BTCitcoin is a type of unregulated digital currency that was first created by Satoshi Nakamoto in 2008. Also known as a “cryptocurrency,” it was launched with the intention to bypass government currency controls and simplify online transactions by getting rid of third-party payment processing intermediaries. Of course, accomplishing this required more than just the money itself. There had to be a secure way to make transactions with the cryptocurrency. BTCitcoin transactions are stored and transferred using a distributed ledger on a peer-to-peer network that is open, public and anonymous.
Blockchain is the underpinning technology that maintains the Bitcoin transaction ledger.
Blockchain is the underpinning technology that maintains the Bitcoin transaction ledger.
Bitcoin is a cryptocurrency, created and held electronically on your PC or in a virtual wallet. No one controls it or sees. It is decentralized so no person, institution or bank controls the currency.While block chain possesses the ability of having permanent records of the transactions the blocks (the name for their portions of value) are used for, and at any time people can see those changes. It is simply as this bitcoin uses blockchain to records all the data, information and transaction that was happening inside the bitcoin.
blockchain is a place for bitcoin to serve as a reference for improving bitcoin development. maybe for now many differentiate bitcoin and blockchain, but basically both are united and connected.
bitcoin is one of the altcoin in cryptocurrency while blockchain is a decentralized system that process data electronicly through blockchain system.
[[Bitcoin is a coin built on the blockchain, while the blockchain is like a decentralized database with no owner.]]
I think you have explained this difference nicely yourself.
I think you have explained this difference nicely yourself.
Bitcoin is a cryptocurrency, created and held electronically on your PC or in a virtual wallet. No one controls it or sees. It is decentralized so no person, institution or bank controls the currency.While block chain possesses the ability of having permanent records of the transactions the blocks (the name for their portions of value) are used for, and at any time people can see those changes. It is simply as this bitcoin uses blockchain to records all the data, information and transaction that was happening inside the bitcoin.
Bitcoin is a crypto currency which is used as a means of exchange and also a store of value, it is called crypto because it was built in a way that it cannot be copied this was done one the blockchain, without the blockchain there can be no decentralization of bitcoin. Blockchain is an open ledger where transactions are being stored, all transaction stored are distributed and decentralized. Meaning that everyone has access to be information but no one owns the information. Bitcoin is a coin built on the blockchain, while the blockchain is like a decentralized database with no owner.
In simple manner, bitcoin serves as a digital currency of course developed by Satoshi. On the other hand, all the transactions done with bitcoin are being recorded in a ledger-like called blockchain.
keep it simple and quick. I'll add one more term: cryptocurrency.
The difference is the same which is there between bank databases, money and dollar.
Bitcoin -> Dollar
Cryptocurrency -> Money
Blockchain -> Bank Database
You buy and sell using dollars. What it actually is to you is money. Each of your transaction is stored in a bank database.
blockchain is an encrypted distributed ledger that allows us to create an immutable log of all transactions while ensuring complete anonymity of the user. Each transaction is verified by a peer-to-peer network of systems called consensus. Whereas Bitcoin is a blockchain-based digital currency that allows us to anonymously execute a transaction online. It uses the blockchain technology as base for executing the transactions.
The difference is the same which is there between bank databases, money and dollar.
Bitcoin -> Dollar
Cryptocurrency -> Money
Blockchain -> Bank Database
You buy and sell using dollars. What it actually is to you is money. Each of your transaction is stored in a bank database.
blockchain is an encrypted distributed ledger that allows us to create an immutable log of all transactions while ensuring complete anonymity of the user. Each transaction is verified by a peer-to-peer network of systems called consensus. Whereas Bitcoin is a blockchain-based digital currency that allows us to anonymously execute a transaction online. It uses the blockchain technology as base for executing the transactions.
It is simply as this bitcoin uses blockchain to records all the data, information and transaction that was happening inside the bitcoin or between the two parties.it is the database and also decentralized and digitalized public ledger it ks widely used in business purposes and cryptocurrencies. While the bitcoin is the forum we are using right now. It is decentralized currency and it is used as a new payment system and money. It works independently without authorities.
Blockchain is the ledger record of all crypto transactions in the form of blocks that have ever run. Blockchain has a platform and currently uses the Bitcoin protocol.
Bitcoin is one of the digital currencies, this currency is known as crypto currency and is done in a distributed peer-to-peer that can be transferred instantly and securely between two people in the world.
Bitcoin is one of the digital currencies, this currency is known as crypto currency and is done in a distributed peer-to-peer that can be transferred instantly and securely between two people in the world.
It's so obvious what is the difference between bitcoin and blockchain, bitcoin is the cryptocurrency that used blockchain as it system technology. Bitcoin is the product from bitcoin. Blockchain is the system.
Bitcoin is a cryptocurrency, mother of all altcoins. And blockchain is a digital ledger that provides a secure way of making and recording transactions, agreements and contracts – anything that needs to be recorded and verified as having taken place.
Bitcoin is a digital money and the foundation of all cryptocurrencies while blockchain serves as a public digital ledger records tge transaction but it makes the transaction anonymous and private. Blockchain is the technology behind bitcoin.
The main difference between bitcoin and blockchain is bitcoin is for transactions and whereas blockchain is for maintaining a ledger both combined we have decentralised network away from governments and central banks
Btc is the coin which performs its main functions on the basis of the blockchain and this is the main advantage of the btc, which is wanted by many companies and large businesses. i think that this is the best way to earn money on btc
Bitcoin is a crypto currency which is used as a means of exchange and also a store of value, it is called crypto because it was built in a way that it cannot be copied this was done one the blockchain, without the blockchain there can be no decentralization of bitcoin. Blockchain is an open ledger where transactions are being stored, all transaction stored are distributed and decentralized. Meaning that everyone has access to be information but no one owns the information. Bitcoin is a coin built on the blockchain, while the blockchain is like a decentralized database with no owner.
well.... well said.
but then, my question is what good is Bitcoin to Blockchain if Bitcoin can not be globally decentralized. since Bitcoin inception, it has continually faced the issue of global acceptability. i figured Blockchain is there to facilitate this means of decentralization. why are people finding it difficult to accept Bitcoin to Blockchain. in my mind, i want to understand that should Bitcoin die today, Blockchain dies with it so is the concept of decentralization.
Bitcoin is a crypto currency which is used as a means of exchange and also a store of value, it is called crypto because it was built in a way that it cannot be copied this was done one the blockchain, without the blockchain there can be no decentralization of bitcoin. Blockchain is an open ledger where transactions are being stored, all transaction stored are distributed and decentralized. Meaning that everyone has access to be information but no one owns the information. Bitcoin is a coin built on the blockchain, while the blockchain is like a decentralized database with no owner.
The main deference between in bitcoin and blockchain is bitcoin is a digital currency another blockchain is a wallet by which bitcoin can transaction that's why it works peer to peer or user to user and it cannot be track. Bitcoin and blockchain this two things are related with each other. An important thing is bitcoin is a token that is called digital currency because it is used by online process in stead of general currencies and its transaction method is done by the blockchain technology. 
Bitcoin is not a blockchain, and blockchain is not the same as bitcoin. Blockchain is a technology, and Bitcoin is one of the ways of its application, which is well seen by global financial organizations. Bitcoin is based on the blockchain technology. But bitcoin is not the only way to use the blockchain. There is also the Ethereum Protocol. In addition to the ether cryptocurrency, whose capitalization is now $ 43 billion, there are other ways to use this Protocol, for example, smart contracts. Bitcoin does not have such functionality, the technology underlying it allows only to transfer funds. And by the way, this is one of the reasons why many financiers claim that bitcoin does not have its own value. Called a blockchain - a distributed public registry, although the blockchain is only one possible technical approaches to the creation of such a registry. Therefore, those who are skeptical about bitcoin and call it a" bubble " understand the difference between the blockchain and bitcoin, and see that digital registries have much more opportunities.
Bitcoin is a crypto currency which is used as a means of exchange and also a store of value, it is called crypto because it was built in a way that it cannot be copied this was done one the blockchain, without the blockchain there can be no decentralization of bitcoin. Blockchain is an open ledger where transactions are being stored, all transaction stored are distributed and decentralized. Meaning that everyone has access to be information but no one owns the information. Bitcoin is a coin built on the blockchain, while the blockchain is like a decentralized database with no owner.
Base on what i read on the internet the difference between them is Bitcoin is a cryptocurrency, created and held electronically on our PC or in a virtual wallet and while blockchain had the power to make transactions untraceable, it was another innovation that promised to make every transaction permanent.
Bitcoin is a cryptocurrency which is used by most of the trader and holder to put their money so they can have the chance to generate more money while the blockchain is the heart or the most important thing for a cryptocurrency like bitcoin because if there is no blockchain then that cryptocurrency will be dead because it is alive and running because of the blockchain.
Bitcoin is a cryptocurrency, mother of all altcoins. And blockchain is a digital ledger that provides a secure way of making and recording transactions, agreements and contracts – anything that needs to be recorded and verified as having taken place.
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