Announcing MyEtherWallet v3.24.00: Difficulty Bomb&Updating blockchain
Due to the complexity of the Bomb and the increased risk of hacking, we pushed a rather drastic update that implements a number of changes and improvements, including enhancement of efficiency and scalability of the blockchain, acceleration of transaction speed, and additional security in the form new formats private keys which will help protect users against hacking.
If you are using private key or UTC, then you need to go into the wallet and update manually, otherwise they risk being unprotected.
How do i update my Ethereum wallet?
1. Go to our website MyEtherWallet.com
2. Unlock your wallet using your Keystore File (UTC / JSON) or simply use your private key.
3. Click Unlock and wait for the update.
Please note that you need to manually update your wallet, failure to do so may result in funds being lost.
We are taking these measures to protect both you and our network from phishing and malicious attacks.
Thank you for your cooperation and understanding!
MyEtherWallet Security Team.
If you use other methods, then ignore this message.
Topic: What is the relation of Bitcoin with Blockchain? (Read 270 times)
It is easy to understand why the terms ‘Blockchain’ and ‘Bitcoin’ often get confused – Blockchain does indeed serve as a platform for cryptocurrencies; without Blockchain there would be no Bitcoin. However, it must be emphasized that the scope and potential of Blockchain extends far beyond the world of cryptocurrencies.
My understanding of blockchain and bitcoin is that, blockchain is the technology on which bitcoin operates, through blockchain technology, transactions can successfully be executed.
in simple words blockchain is a technology. and bitcoin was the first coin who used that technology. Blockchain is a digital ledger where all your transactions are saved publicly.
Don't mess up blockchain with Bitcoin. Blockchain is a technology. Bitcoin/crypto is using that technology for a payment system. That's it.
You should learn blockchain in general first. There are thousands of article on internet.
You should learn blockchain in general first. There are thousands of article on internet.
What will happen to yout crypto?
Well...what will happen is that before you die, make sure that you've wrote all your access details to your wife and kids for access in other for them to continue the circulation for you. Leaving the coins in your wallet without no crucial use isn't good for the general market. Circulation really means alot in the crypto market. Also make sure all your loved ones knows little or more about cryptocurrency
Well...what will happen is that before you die, make sure that you've wrote all your access details to your wife and kids for access in other for them to continue the circulation for you. Leaving the coins in your wallet without no crucial use isn't good for the general market. Circulation really means alot in the crypto market. Also make sure all your loved ones knows little or more about cryptocurrency
I think the blockchain is just a transaction that can be used by bitcoin to use the bitcoin of people because it can leverage and send money to other countries.
Blockchain is the technology being used in bitcoin and its private and anonymous when we do our transaction. Bitcoin is the first digital currency being made using blockchain. Blockchain also records transaction.
They are closely related. When Bitcoin was released as open source code, blockchain was wrapped up together with it in the same solution
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. While Blockchain is the underpinning technology that maintains the Bitcoin transaction ledger.
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. While Blockchain is the underpinning technology that maintains the Bitcoin transaction ledger.
Blockchians and bitcoins are two different things. Blockchains allow us to make transactions without the presence of a middleman, and bitcoins are just a form of a crypto currency. If this doesn't clear the problem, try looking and researching on the internet to get a clearer understanding of the scenario.
Your post is not lucid. Just as a petrol or diesel powers automobiles , thats the case with bitcoin as well.
Blockchain powers bitcoin by being the underlying technology that records, processes and validates all transactions done with the bitcoin. Maybe i am not clear enough but google is your best bet to get a more detailed explanation of the relationship between bitcoin and blockchain. Peace
Blockchain powers bitcoin by being the underlying technology that records, processes and validates all transactions done with the bitcoin. Maybe i am not clear enough but google is your best bet to get a more detailed explanation of the relationship between bitcoin and blockchain. Peace
BTC developed on the blockchain platform, you think blockchain as the car and BTC is the driver to drive that car. In my opinion, you can comment more.
I think the blockchain is just a transaction that can be used by bitcoin to use the bitcoin of people because it can leverage and send money to other countries.
It can be said that bitcoin and blockchia have a close relationship with blockchain technology that bitcoin can boom as well as more opportunities for more attention and more investing in future
Blockchain is the technology behind bitcoin. Bitcoin is the reasin why this technology was made. It was created to make sending money automatic, transparet and free fron cobtrol by central banks abd the government. Now, blockchain technology emerged as useful not only in peer to peer transfers but also in logistics.
What is the use of all the blockchain in different countries of the world depends on Bitcoin? Except for Bitcoin, it is difficult or impossible to succeed in the blockchain.
We found that most of the blockchains were accepted by Bitcoin.
Expect your exact reasoning.
We found that most of the blockchains were accepted by Bitcoin.We found that most of the blockchains were accepted by Bitcoin.
Expect your exact reasoning.
Expect your exact reasoning.
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Block chain is like a stock market here in the Philippines or even like of some other country, all numbers veiwing here calculated automatically this is not for Bitcoin only even in some other coins have block chain market digital system that's the one program that all crypto currency was show here.
We found that most of the blockchains were accepted by Bitcoin.
This is an incorrect way to think about the relationship between blockchain and bitcoin. Bitcoin only "accepts", or more accurately "uses" one blockchain...that is the bitcoin blockchain.
A blockchain is a transaction verification process. Each system that conducts transactions (i.e., one cryptocurrency, one company, one social purpose) requiring the cryptography and transparency benefits of blockchain uses a single blockchain, it is the blockchain of the project at hand.
Let's us a cars and roads analogy. Cars are the transaction, roads are the system by which each transaction is transmitted. Think of the current use of blockchain as a closed circuit race track, it has one route and the cars drive around it, unable to reach a different road or track. This is what blockchain is to Bitcoin (and all other uses) to this point. Currently there is no way to co-mingle the "roads/tracks", i.e., blockchains. Some day this functionality will probably be possible, it's a natural direction for the evolution of the technology.
Obviously the OP is not a native English speaker and looks like we are lost in translation a little bit so I will try to explain this in the simplest way possible haha. Bitcoin is the cash and the Blockchain is the cash register. When you want to send cash to someone the cash register tells you how much you are sending, how much you are left with and records the transaction. Hope that helps 
Pretty much sums up everything lol
. Even if a person isnt a native nor 2nd or 3rd language english speaker, he can somehow explain what he wants to express regarding his post in an understandable way. But, what he posted clearly states that he has no idea what blockchain is and how It is connected with Bitcoin. As if he misused another word to express the relation with Bitcoin into blockchain.
Without a blockchain there should not be transactions on the pool, i mean, we could not make any transaction with our bitcoins because there would not be any place in where they are being stored. So no blockchain -> no bitcoin so far
As we know, Bitcoin runs on decentralized system, and also Bitcoin is the first ever cryptocurrency which was made based on blockchain system. Based on its facilities, Bitcoin has always been one of the best cryptocurrencies, and it has caused the blockchain system to grow as well.
No blockchain = no bitcoin
No bitcoin = no blockchain
That is the way that it works on most of the scenarios, but i am more than confident in that bitcoin will remain in here for more than years, so we all should be proud about this new technology
No bitcoin = no blockchain
That is the way that it works on most of the scenarios, but i am more than confident in that bitcoin will remain in here for more than years, so we all should be proud about this new technology
Block chain was a great innovations based on this block chain tech is very important part of crypto market because its fully decentralize based on this yes btc is depended for block chain tech also this is very transparent transactions also dealing. So this system has good future.
What is the use of all the blockchain in different countries of the world depends on Bitcoin? Except for Bitcoin, it is difficult or impossible to succeed in the blockchain.
We found that most of the blockchains were accepted by Bitcoin.
Expect your exact reasoning.
Blockchain is a technology used by Bitcoin in performing various financial transactions, it can be said this is a central system that will process various financial transactions using Bitcoin. currently blockchain has begun to be applied in various systems in the world, some companies have even started to apply blockchain because in fact that blockchain has a superiority and security that is much better than other systems. We found that most of the blockchains were accepted by Bitcoin.
Expect your exact reasoning.
They have a very close relationship with each other. Blockchain was first introduced in 2009 and the example that explain what is Blockchain is the Bitcoin, to illustrate how Blockchain works, the founders have shown us that how is Bitcoin move from one wallet to anothe. In other words, without Bitcoin, we can not see specifically how Blockchain works
There are many other platforms in Blockchain today, so if Bitcoin did not exist, Blockchain is still developing, but with other platforms (possibly Ethereum, etc.)
There are many other platforms in Blockchain today, so if Bitcoin did not exist, Blockchain is still developing, but with other platforms (possibly Ethereum, etc.)
I would explain the bitcoin and blockchain in relative terms to people and a vehicle. If I am a passenger moving from destination "A" to "B" via a public transport system. I can't possibly get to my destination without a taxi say which is the means of my transportation. In the above context, Bitcoin is the passenger, while the taxi is the blockchain. Bitcoin is useless with a blockchain; a means of transfer and record.
Obviously the OP is not a native English speaker and looks like we are lost in translation a little bit so I will try to explain this in the simplest way possible haha. Bitcoin is the cash and the Blockchain is the cash register. When you want to send cash to someone the cash register tells you how much you are sending, how much you are left with and records the transaction. Hope that helps
bitcoin and blockchain this both are part of crytocurrency . blockchain used in many sector of cryptocurrency but with bitcoin the relation is bit direct you even can say blockchain is like a backbone of the bitcoin network system, and rest of the information you can have by study about this topics
Well, Bitcoin is related with blockchain technology. Blockchain tech allows to send anyone some kind of data of currency in a secure way. For this reason it is important for BTC. As BTC is a decentralized digital currency and a peer to peer payment system.
Why is everyone not explaining this clearly?
The relation with bitcoin or any other currency like ETH to blockchain is that blockchain act as if its the database of transactions of a coin or a token. Every altcoin or token has their own blockchain which lists the transactions being made by its users. A newbie has to learn these because soon they will have to check their transactions on the ledger which bascially just the blockchain.
The relation with bitcoin or any other currency like ETH to blockchain is that blockchain act as if its the database of transactions of a coin or a token. Every altcoin or token has their own blockchain which lists the transactions being made by its users. A newbie has to learn these because soon they will have to check their transactions on the ledger which bascially just the blockchain.
Blockchain is the technology which is used to trasfer cryptos from one to another. It is the decentralized system of transfering btc or cryptos from one peer to another peer.
Mainly the blockchain technology works as the backbone of bitcoin transactions. As the bitcoin was created for making decentralized peer to peer transaction, the blockchain allows the btc to do so.
Bitcoin and blockchain are interwoven because it operate on Blockchain technology which is decentralized, so without Blockchain Bitcoin will not exist freely
Bitcoin is the decentralised crypto currency where no third party can interrupt and bitcoin runs through blockchain.
"Blockchain is a technology that allows anyone to send anyone else a piece of information, currency or data in a secure, transparent and anonymous way,"
Bitcoin was actually created for the purpose of decentralized peer to peer payments.
Bitcoin was actually created for the purpose of decentralized peer to peer payments.
What you are asking here is really unclear, please elaborate and if you just want to learn what is blockchain and how it is used in making bitcoin transactions than few search will help you. There are hundreds of guides out there to explain complete newbie like you, in simple words blockchain is like backbone or skeleton of bitcoin network and blockchain technology can be used in different other sectors so its not all about anonymous payment system.
What is the use of all the blockchain in different countries of the world depends on Bitcoin? Except for Bitcoin, it is difficult or impossible to succeed in the blockchain.
We found that most of the blockchains were accepted by Bitcoin.
Expect your exact reasoning.
We found that most of the blockchains were accepted by Bitcoin.
Expect your exact reasoning.
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