Is it possible if we build a blockchain without a coin? - page 2.

Red-Apple

hero member

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Merit: 655

Quote from: Levyathan on January 30, 2019, 05:11:37 AM

Blockchain, believed by anyone else as the main thing of cryptocurrency.

no, the main "thing of cryptocurrency" is the cryptography behind it. that is how transactions are created and fraud is prevented. the blockchain comes next as the ledger that holds the record of the transactions to "chain" all of them together.
you would still need some sort of ledger to store them, whether you call it "blockchain" or something else doesn't matter.

Bravext

copper member

Activity: 196

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Blockchain is the underlying technology in which Cryptocurrencies are built on but blockchain is not built on nor dependent on Cryptocurrencies... So what I am trying to say is that Blockchains can be built without Cryptocurrencies because they are not dependent on Cryptocurrencies at all.

as9ardia

full member

Activity: 541

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Quote from: Levyathan on January 30, 2019, 05:11:37 AM

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?

Absolutely possible mate, Blockchain is not always about token/coin (cryptocurrencies), that's just "small" part of Blockchain Implementation.

PS: Agree with comment from bp124 and bigatenz

bigatenz

member

Activity: 132

Merit: 17

Quote from: Levyathan on January 30, 2019, 05:11:37 AM

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?

Blockchain is a technology a distributed ledger and crypto currencies are the implementator of that technology.

For example in voting/election system we can use Blockchain technology to make it more faster , reliable and more transparent to the voters.

bp124

member

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Yes it possible to implement Blockchain without Cryptocurrency , Blockchain it a technology on its own and Cryptocurrency was created on blockchain technology . Blockchain technology enables distributed public ledgers that hold immutable data in a secure and encrypted way and ensure that transactions can never be altered. While Bitcoin and other cryptocurrencies are the most popular examples of blockchain usage, this “distributed ledger technology” (DLT) is finding a broad range of uses. Data storage, financial transactions, real estate, asset management and many more uses are being explored.

Levyathan

jr. member

Activity: 434

Merit: 1

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?

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