Topic: difference between bitcoin and blockchain - page 5. (Read 726 times)

That's totally true. To illustrate and make it simple, the difference is the same which is there between bank databases, money and dollar.
Bitcoin -> Dollar
Cryptocurrency -> Money
Blockchain -> Bank Database

If Bitcoins is a crypto currency then Blockchain is the foundation of that crypto currency and also known as underlying technology of Bitcoin. Bitcoin is used as digital currency and many people use it for transaction. While Blockchain is the public ledger of those transaction which made by Bitcoin. It is like a record book of all transactions history with public information of both sender and receiver. Because of Blockchain technology Bitcoin transaction are transparent. Blockchain is the technology which makes Bitcoin provide the decentralised nature to the Bitcoin. 

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 decentralized so no person, institution or bank controls the currency. While bitcoin had the power to make transactions untraceable, it was another innovation that promised to make every transaction transparent and permanent. Blockchain is possesses the ability of having permanent records of the transactions the blocks.

Blockchain is the technology that drives bitcoin and it enables much more then just transferring funds, it enables transferring data and it is something that could be used for a lot of things beside transferring funds or managing a cryptocurrency.
Bitcoin is a user of Blockhain, it uses the blockchain to transfer data that contains info about funds transfers, it's a one usage of blockchain but blockchain has many uses.

It's true of what you say, that blockchain is a great place to write and also keeps transparent incoming data that everyone can see, and that's one of Blockchain's technological sophistication, and which will not be hackers.

Blockchain is the foundation of the bitcoin digital currency that most people misunderstand today where many say Blockchain is the same as Bitcoin but actually both are different but the interconnected blockchain is a Bitcoin buffer platform that is potentially legally used while virtual currencies like the whole Bitcoin system based on chain blocks or blockchains

Difference between bitcoin and blockchain:
Bitcoin-  is a digital asset and a payment system. Bitcoin 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 a technology behind bitcoin. It works like a database for all Bitcoin transactions and it keeps all records since the first transaction.

Bitcoin is just a crypto-currency, a representation of money, while blockchain is a technology or a system that monitors or tracks every transactions made wherein btc is use as a digital currency or mode of payment in some other countries.

Well said mate, it's just adding your statement, blockchain is a kind of technology that used by bitcoin to have transactions, and yes they are now adding segwit for lessening transaction fees and faster transaction time. They also plan to use lightning network aside from blockchain but I think that was in progress as of now.
So, this blockchain is a decentralized technology which is bitcoin a virtual currency that uses the blockchain.

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.

'Bitcoin'

* Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks!

* Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.

Read more about
https://en.m.wikipedia.org/wiki/Bitcoin

'Blockchain'

*A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central recordkeeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.


Read more: Blockchain Definition | Investopedia https://www.investopedia.com/terms/b/blockchain.asp#ixzz5DHuH8plM





For me the difference of Bitcoin and Blockchain?  Bitcoin is a kind of currency that use thru virtual transaction it has no concrete form of structures but bitcoin has a value that recognizes as one of digital currency. While the Blockchain it is kind of peer to peer systematic way of transaction using internet and without a single servers means it is decentralized.

So Bitcoin needs a Blockchain yo perform its function without a Blockchain Bitcoin never existed. (vice versa)

Bitcoin is digital currency build using blockchain technology which means decentralized public distributed ledger.

Blockchain was a decentralized technology that manage the database thet records bitcoin transaction and it is recordedly accordingly, chronologically, while bitcoin was a digital currency and payment system that works independently without a central bank.
.

Simply put: blockchain is the underlying technology of bitcoins, and bitcoin is an application of block chain technology.

Block chain is a technology, a distributed decentralized accounting method.

It is true with your statement, that blockchains such as ledgers where writing and storing and bitcoin are records stored in blockchain as a currency tool.

Bitcoin is just a currency or u can say as token and blockchain is a technology which work on algorithm Also u can blockchain is a book which store a number of transaction of the bitcoin..

bitcoin is one of digital currency ,, while blockchain is the records big book of all transactions crypto in the form of the block - block ever run. most wrong at this time, where many say blockchain the same as bitcoin, but in fact the two different but interrelated.

Are Bitcoin and blockchain the same thing? No, they aren’t. However, 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.
Bitcoin is a type of unregulated digital currency
The blockchain that supports Bitcoin was developed specifically for the cryptocurrency. That’s one of the reasons it took a while for people to realize the technology could be adapted for use in other areas. The technology also had to be modified quite a bit to meet the rigorous standards that businesses require. There are three main characteristics that separate the Bitcoin blockchain from a blockchain designed for business.

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 like electronic / digital money that can be used to pay merchants or send money to friends or family.

Blockchain is the ledger record of all crypto transactions in the form of blocks that once executed. The transaction records in this ledger continue to grow as each 'finished' block is added to it with a new recording set. Blocks are added to the blockchain in a linear and chronological way. Blockchain has a platform and currently uses the Bitcoin protocol.

Bitcoin and Blockchain are both different but interrelated.

Hello symbian,

Actually the blockchain technology as we know it now was derived from the white paper of bitcoin, which can be read here. It suggested three basic principles to make online payments anonymous and secure: decentralization, immutability and transparency. These principals, however, do not necessarily hold true for the blockchain in general. The difference between bitcoin and the blockchain is that it could have centralized systems rather than decentralized. The same goes for transparency, not all parties would have the need to see all transactions on the blockchain. Even though the blockchain and bitcoin started from the same theory, the blockchain when applied to businesses does not necessarily need to follow the rules suggested in the bitcoin whitepaper.

To get more understanding on the topic we also suggested some books to read such as:

The Internet of Money by Andreas Antonopoulos a leading blockchain expert. This book goes in to the importance of bitcoin and why it is necessary that such a development found place. Through a collection of lectures Antonopoulos describes the historical, social and economical problems that can be solved with the help of this technology.

The second book we would recommend to you is the Blockchain Revolution written by Dan and Alex Tapscott. This book focusses more on the actual use cases of the blockchain technology and its potential. It also sketches a possible future across a number industries and the outcomes the blockchain technology could offer.

Another suggestion for getting a better understanding of the blockchain is the book written by Melanie Swan: Blockchain: Blueprint for a new economy. This book focusses more on the underlying technology of bitcoin, the blockchain. The book covers the application of blockchain in the industries where it could have the most positive impact namely: the government, software, healthcare and research sector.

If you have any further questions, feel free to send us a DM.

With kind regards,
The Anycoin Direct team