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Topic: Is it possible if we build a blockchain without a coin? (Read 250 times)

member
Activity: 602
Merit: 10
Like as bp124 mentioned, blockchain is a technology and we can utilize it in various ways. It doesn't stick at cryptocurrency only. Blockchain can be used to prove real-time data like proving copy pasta.
It would be nice if this technology could be used to combat fraud or crime, but today we understand that many criminal groups use cryptocurrency for their activities and this is very alarming for state law enforcement agencies in many countries.
sr. member
Activity: 1372
Merit: 322
Like as bp124 mentioned, blockchain is a technology and we can utilize it in various ways. It doesn't stick at cryptocurrency only. Blockchain can be used to prove real-time data like proving copy pasta.
member
Activity: 599
Merit: 10
if possible, then what is blockchain technology for? The blockchain is a system that supports a product, and in this case the blockchain supports crypto. it can be used too, maybe for fiat or game tokens.
In any case, today we see the results of the use of blockchain technology. In many areas, and in the first place, each project has its own coins. Based on this cryptocurrency, an integral part of the technology is the block chain and fake existence is impossible.
legendary
Activity: 1442
Merit: 1025
There are plenty of examples of this, you do not have to make the blockchain with a coin but you can in fact make it with other stuff as well. Take cryptokitties for example, it is using the ethereum blockchain for the existence but could it be done via their own blockchain without using any other coins blockchain ? Sure they could, instead of coins we would have kitties and that would be the end of it.

There are products for insurance, so instead of coins they use blockchain to store insurance and replaced coins with contracts or whatever the insurance policy is called.

Basically, I have never seen an "empty" blockchain, it is definitely required to put something in there instead of a coin but maybe empty is possible as well? Just never seen one. So you put anything you want in there replacing coins and you got yourself a blockchain.
full member
Activity: 686
Merit: 104
if possible, then what is blockchain technology for? The blockchain is a system that supports a product, and in this case the blockchain supports crypto. it can be used too, maybe for fiat or game tokens.
newbie
Activity: 259
Merit: 0
Blockchain in itself is a technology that can stand on it's own
member
Activity: 537
Merit: 12
It is already clear from the answers what a blockchain is, and what a coin is on a blockchain. Blockchain exists and will exist as a self-sufficient and independent phenomenon. It is more important to know whether a cryptocurrency will live?
full member
Activity: 1820
Merit: 107
Blockchain, believed by anyone else as the main thing of cryptocurrency. Without it, crypto transaction would not work. If we implemented blockchain in the reality, is it possible?
I think its possible since in Blockchain is the technology or system for many uses such as for transparency, Banking and finance and many more. The truth in my country  Blockchain was already eyed for electoral voting system to bring more transparency and honest election results not just like that Our banking sector is already doing a posibility studies to connect the rural banks and cooperative in the countryside through Blockchain.
hero member
Activity: 3080
Merit: 603
Short answer: Yes
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
Yes, it is absolutely possible to create a Blockchain without implementing cryptocurrency transactions over it. Blockchain is a distributed peer to peer network while cryptocurrency is just a digital asset meant for making payments over the Blockchain network. Blockchain has many use cases and you can design any Blockchain to fulfill your needs. It is still an emerging technology with enormous amount of possibilities.
So it depends on us whether we have to implement cryptocurrency in a Blockchain or not.
full member
Activity: 658
Merit: 100
i don't think so instead it's impossible to build a blockchain without a coin how to incentivize miners how to secure the network the only possibility as i can see private blockchain
legendary
Activity: 1288
Merit: 1036
Blockchain, believed by anyone else as the main thing of cryptocurrency. Without it, crypto transaction would not work. If we implemented blockchain in the reality, is it possible?
Technically definitely possible but there needs to be something instead. You can't have a void blockchain, sometimes they use blockchains for insurance, sometimes they use it for real estate, there is always something that is used, healthcare, cars, collectibles, casinos.

There needs to be something in that blockchain that keeps it alive otherwise you will have a blockchain that has nothing in it that worth nothing at all. If you however exchange the cryptocurrencies into something else you will have yourself a focused and niche blockchain which is possible. What you will use the blockchain for is up to the creator of the blockchain but that part is getting more and more common with people seeing benefits of blockchain in the world and try to implement it into their sectors.
member
Activity: 310
Merit: 10
I do not see any problems of doing this. Blockchain technology is the basic for every crypto currency and not the other way. I believe that blockchain will have a long future but I have doubts that crypto currencies would follow.
hero member
Activity: 1582
Merit: 670
It is possible, but who wouldn't want to use it? It is possible to create an economy with Blockchain. This is of course not a simple thing. With the Blockchain network only data transfer can also be provided. In the future they will be used for only data transfer and some other stuff.
hero member
Activity: 3038
Merit: 617


There was someone who wrote an article about how blockchain can be used to an election system. It certain don't require users to own currencies if its used that way.  The government can create such system and voters can then just vote but that is if they really want to do such changes.
sr. member
Activity: 868
Merit: 267
SecureShift.io | Crypto-Exchange
Blockchain was indeed created for cryptocurrency. An implementation form for recording all bitcoin transactions.
It is impossible to implement it in real life because it is digital, of course it will be difficult for example to record all transactions around the world and it will take a lot of time to do that.
member
Activity: 546
Merit: 10
You should understand that cryptocurrencies certainly have a lot in common with blockchain, but blockchain technology may not work in the financial sector, so the answer to your question will be YES, you can use this technology everywhere.
member
Activity: 532
Merit: 10
Although according to you, Blockchain, it is believed by others to be the main thing for me not because of cryptocurrency, has its own system, and blockchain also has its own concept so I think the reality will not be possible
sr. member
Activity: 714
Merit: 250
it seems unlikely that it will be applied in reality because the blockchain is identical to the code and internet network that must be used, if only limited to the concept it is clear, because the system services are implemented.
member
Activity: 574
Merit: 10
Gistcoin
Blcokchain is one of the high technology, this uses the very complicated, safe, and also advanced system to build this blcokchain technology. So far, it is only used for the cryptocurrency usage. However, I think that many developer may also be interested at this kind of technology. It is possible for them to use the blcockhain technology in some reality world cases, such as banking system maybe.
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