Blockchain is type of database that Bitcoin uses to function.
Blockchain is just one part of Bitcoin technology.
It is important because it allows decentralization. Without blockchain it would be impossible to have decentalised system with current technology.
Topic: Is Bitcoin equal Blockchain? - page 3. (Read 640 times)
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So can you view it as blockchain as the engine and bitcoin as the fuel?
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So can you view it as blockchain as the engine and bitcoin as the fuel?
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Blockchain is the ledger, bitcoin is the protocol and algorithms.
The protocol and algorithms (bitcoin) allows every participant in the network to download and sync an identical/correct ledger (blockchain)
Blockchain is another hyped technology by MBAs and CAs for IT/Tech security which has no real use. Bitcoin is part of blockchain. Just as Bitcoin fell from $20,000 to $3000, blockchain also fell
bitcoin did not fall from $20k to $3k
the $20k was a small fluke event. not a normal sustained price/value.
you word it like a seagul up high dived down into the water and never came back up.
reality is a whale leaped up out of the water and then splashed back to its natural level
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as for bitcoin vs blockchain
blockchain is the new revolutionary database model that needs no central storage. and bitcoin is just one type/form of data held on such a database model.
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
(https://en.wikipedia.org/wiki/Bitcoin)
Blockchain is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree).
(https://en.wikipedia.org/wiki/Blockchain)
In conclusion, the blockchain is a concept / technology behind bitcoin, which is the first crypto currency in the world. some countries today still reject the existence of bitcoin but accept the blockchain concept.
(https://en.wikipedia.org/wiki/Bitcoin)
Blockchain is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree).
(https://en.wikipedia.org/wiki/Blockchain)
In conclusion, the blockchain is a concept / technology behind bitcoin, which is the first crypto currency in the world. some countries today still reject the existence of bitcoin but accept the blockchain concept.
Of course not. Blockchain technology is a much broader concept than Bitcoin. Bitcoin is one of the first applications of the first blockchain technology products.
Therefore, almost all states accept blockchain technology, but they are ambiguous about its product, cryptocurrency.
Therefore, almost all states accept blockchain technology, but they are ambiguous about its product, cryptocurrency.
Is Blockchain equal Bitcoin?
the answer to your short question is definitely a big NO cmiiw, Bitcoin is the very first working implementation of blockchain based system in the world
it is more appropriate to say that blockchain is the core foundation of bitcoin
thus blockchain technology can be implemented and developed into many more applications
Blockchain is another hyped technology by MBAs and CAs for IT/Tech security which has no real use. Bitcoin is part of blockchain. Just as Bitcoin fell from $20,000 to $3000, blockchain also fell
And here you are, 16 posts just today in a cryptocurrency - blockchain technology - forum. You must have a great life, huh?Go FUD somewhere else, bud.
OP: "is Facebook equal to internet"?
They are always referring blockchain as the technology yet saying bitcoin is the asset that run on it.
So can you view it as blockchain as the engine and bitcoin as the fuel?
This makes more sense when trying to explain the difference between to the two when someone without any technical knowledge asks you to give them an analogy of bitcoin and how it works.
So can you view it as blockchain as the engine and bitcoin as the fuel?
This makes more sense when trying to explain the difference between to the two when someone without any technical knowledge asks you to give them an analogy of bitcoin and how it works.
Blockchain is another hyped technology by MBAs and CAs for IT/Tech security which has no real use. Bitcoin is part of blockchain. Just as Bitcoin fell from $20,000 to $3000, blockchain also fell
No. Bitcoin cannot stand alone without blockchain since without the said technology, bitcoin is just a series of algorithms put together but of no use in reality. Whereas blockchain can be a stand-alone tech integrated into some other program/systems and help record data by putting it all together in a block forming a series of chains. Essentially, bitcoin is not bitcoin without blockchain but blockchain can be a blockchain even without bitcoin.
Is Blockchain equal Bitcoin?
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