Pages:
Author

Topic: difference between bitcoin and blockchain - page 4. (Read 726 times)

newbie
Activity: 22
Merit: 0
Bitcoin is the first application of blockchain, and people abstract the concept of blockchain from bitcoin.

The essence of bitcoin is an internet-based decentralized accounting, and the blockchain is the name of the ledger.
full member
Activity: 462
Merit: 100
good explanation, and blockchain is part of bitcoin, bitcoin transactions will not work without blockchain, because blockchain that sends P2P transactions, processing each data and transactions, and saving block storage.

then also segwit bitcoin helps minimize the size of the transaction, so the transaction system becomes better.

A newbie can really do not understand the difference. I would recommend the beginners watching these cool videos: https://www.youtube.com/watch?v=mRQs9Y6CUSU and https://www.youtube.com/watch?v=MKwa-BqnJDg
newbie
Activity: 84
Merit: 0
Bitcoin is a cryptocurrency, created and held electronically on your PC or in a virtual wallet. No one controls it or sees it.It is decentralizedso no person, institution or bank controls the currency. It was the year 2009 when bitcoin burst onto the financial scene, and soon computers all over the world started running sophisticated programs that would mine blocks of bitcoins by solving extremely complex mathematical equations. Mining bitcoin means to discover or verify new bitcoins because unlike traditional currency, bitcoin cannot be printed. Miners make money every time they discover new bitcoins or verify a bitcoin transaction.While bitcoin had the power to make transactions untraceable, it was another innovation that promised to make every transaction transparent and permanent. Underlying the use of bitcoin is blockchain, which is almost entirely opposite its more famous alter-ego. Blockchain 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 online in real time. It is this transparency that people have hopes in, but that’s not the only thing blockchain does differently than the cryptocurrency it drove for so long.
hero member
Activity: 1974
Merit: 502
Vave.com - Crypto Casino
Bitcoin is a digital currency and an open worldwide payment system which works independently without central bank while blockchain is a digital public ledger which records transaction between two parties chronologically. It is true that bitcoin is made by blockchain technology.
Bitcoin is the currency that we spend and the blockchain is the records of transactions that you have done. When you transact using bitcoins, for example buying or selling bitcoin or buying goods with bitcoin, you can only transact with others using blockchain technology where in your transactions are being recorded there.
full member
Activity: 294
Merit: 100
Bitcoin is a digital currency and an open worldwide payment system which works independently without central bank while blockchain is a digital public ledger which records transaction between two parties chronologically. It is true that bitcoin is made by blockchain technology.
newbie
Activity: 126
Merit: 0
Bitcoin is the currency, blockchain is what decentralizes the coins. It is like cash and banks!
newbie
Activity: 53
Merit: 0
Blockchain is like a notebook that records all transactions and updates that take place simultaneously on all computers in the network. Blockchain technology allows users to pay directly to the internet without intermediaries (eg banks, online payment services like paypal) and no individual or team. management function.Bitcoin is a consensus network that enables a new payment system and a competely digital money. It is first decentralized peer-to-peer payment network that is powered by its userswith no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry boookkeeping system in existence. Wink Wink Wink
newbie
Activity: 48
Merit: 0
A typical use is a company, or several companies wanting to share information with other companies, or their customers. Each runs a node and all are guaranteed to see the same data in the blockchain. If they generate blocks all will see consistent data.

So the blockchain is being used as a decentralised pool of data between multiple organisations.
newbie
Activity: 257
Merit: 0
I will say Bitcoin is a digital currency that was birthed 2008 by Satoshi Nakamoto. It is generally accepted for the exchange of goods and services.

Blockchain on the other hand is a technology that allows the smooth run of Cryprocurrency. Blockchain is decentralized, meaning it's not own by anyone and all investors got equal rights on it and cam easily be accessible irrespective of your location and time. So Blockchain can be likened to be the mother and without it the children (bitcoins and alts) cannot be born, thus without blockchain, no Cryprocurrency would exist.
newbie
Activity: 106
Merit: 0
Block chain is a technology and bitcoin is a currency. Bitcoin is created by block chain technology.
sr. member
Activity: 518
Merit: 250
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.
Bitcoin uses Blockchain technology! No difference, Blockchain makes Bitcoin and the altcoin! Without Blockchain we would not have the bitcoin and the altcoin!
full member
Activity: 546
Merit: 100
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.

I think the difference that I can conclude is, bitcoin is a digital currency that has a limited total supply and can be in mining, roughly can be said as tokens, while for blockchain is a group that arranges the purchase of bitcoin or can be said third party, I not really know whether it is true or not but clearly both need each other.
Yes, basically bitcoin is the digital currency and blockchain is the record system like a an ordinary ledger, since bitcoin is a decentralized form of financial system the blockchain will serve as the anonymous third party that hold the record of every bitcoin or any other crypto coin transaction and the blockchain system is very secured against data manipulation.
member
Activity: 204
Merit: 10
Bitcoin is just the token that are used to transfer value. The Blockchain is a decentralized ledger that keeps track of the transfer of tokens from one owner to the other. This might be a over simplified way to define this, but it works for me. The token can be a currency or commodity, depending on how it is used by the owner.

When you hear a company talking about the implementation of Blockchain technologies, you have to ask What token they will be using. The token will determine if it is Bitcoin or not, and this is very important.
Yes that is above the different of bitcoin and blockchain. In simple maybe i can say bitcoin is the product and blockchain is the place where the product work.
Blockchain is general and bitcoin in specialize. So blockchain technolgy not only use for bitcoin but for other too.
jr. member
Activity: 252
Merit: 3
Bitcoin is just an exchanger and a medium for the token valuations.the blockchain however is a decentralized ledger that ,akes sure token are properly distributed from one user to another can be in currency or other means compending on how the user uses it.and we'v got to many blockchain tech ops.but bitcoin is bitcoin that helps this block chain tech ops pay money to their customers without any middle man neither bank.bitcoin can also be converted to real cash when also sold.
member
Activity: 308
Merit: 30
Actually there is a big misunderstanding between the bitcoins and the blockchain. 
Bitcoins is the coin offer in the market which helps lots of people to earn enough income to support their future while blockchain market is the market called who regulates the whole buying and selling process of cryptocurrency.
newbie
Activity: 27
Merit: 0
Bitcoin 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. While bitcoin had the power to make transactions untraceable, it was another innovation that promised to make every transaction transparent and permanent.
newbie
Activity: 126
Merit: 0
they are closely related. When Bitcoin was released as open source code, blockchain was wrapped up together with it in the same solution. And since Bitcoin was the first application of blockchain, people often inadvertently used “Bitcoin” to mean blockchain. That’s how the misunderstanding started. Blockchain technology has since been extrapolated for use in other industries, but there is still some lingering confusion.
full member
Activity: 1190
Merit: 212
★Bitvest.io★ Play Plinko or Invest!
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.

I think the difference that I can conclude is, bitcoin is a digital currency that has a limited total supply and can be in mining, roughly can be said as tokens, while for blockchain is a group that arranges the purchase of bitcoin or can be said third party, I not really know whether it is true or not but clearly both need each other.
sr. member
Activity: 602
Merit: 255
in my reaserch blockchain is the process or the program for bitcoin and other cryptocurrencies. bitcoin is the currency that exist this year in term of digital.
full member
Activity: 448
Merit: 100
CRYPTOCITIZEN $CCASH
I just know that bitcoin is a currency and block chain is a technology method. Bitcoin is created using the block chain method.
Pages:
Jump to: