Topic: What is the relationship between bitcoin and blockchain? (Read 230 times)
Blockchain is a recording system or database that is distributed throughout the network and Blockchain is a system that does not use third-party. While the bitcoin is crypto ccurency which uses blockchain system.
Block chain is computer based technology which is actually running behind crypto currencies and bitcoin is one of them. without blockchain bitcoin can't survive
if blockchain does not there. When we send transaction of bitcoin to someone than Blockchain automatically generate some space and highly secured transaction ID which can't be hacked. so we can say blockchain provide simple and secure platform for bitcoin.
if blockchain does not there. When we send transaction of bitcoin to someone than Blockchain automatically generate some space and highly secured transaction ID which can't be hacked. so we can say blockchain provide simple and secure platform for bitcoin.
The ideas behind the blockchain data structure have been around for a long time. Bitcoin wasn't a bolt of lightning from the heavens. There is a long history of people working on digital cash going back 20+ years. Some work as early as 1991, for instance. But at that time, the cryptography required to make it viable was embargoed in the US (classed as munitions). Then in 1996, executive order 13026 demilitarized strong cryptography, unleashing a lot of work in this area; Nick Szabo’s papers followed in 1997–1998, for instance. I’d say it’s reasonable that it took a decade, from 1998 until the bitcoin white paper in 2008, for the community to try a bunch of different approaches, finally discovering a combination that would work well enough to attract enough interest.
With respect to the blockchain, almost all of the technology is available before bitcoin, but no one thinks it works until bitcoin, so bitcoin is the first successful application of blockchain technology. To the extent that bitcoin is the first blockchain there's nothing wrong with it. If you want to understand the blockchain technology, Bitcoin is indeed a thing that can't go around.
Maybe expert more understand what the realation betwen these two thing.
Simply, i think bitcoin is the working in blockchain technology and the product names bitcoin and the technology names blockchain.
Sorry if i can not explain well.
Bitcoin and blockchain are actually inseparable. But to understand the relationship between the two we can say that blockchain is the technology that powers bitcoin. In other words bitcoin is relying on the blockchain to function. And bitcoin was actually the first innovation that proves that blockchain technology can work and be applied in different industries.
For example, if the blockchain is the Internet, Bitcoin is like the first e-mail program. Altcoins are like other email programs that later imitate. Bitcoin is the first application of blockchain technology, but the prospect of blockchain development in the future is very broad, not limited to digital money. Just as the Internet is booming, its scope of application goes far beyond email. Ethereum added a smart contract to the blockchain, just as email adds the ability to send attachments.
The easiest way to say: If bitcoin is money, the blockchain is the ledger that records bitcoin transfers, but the blockchain is not unique to bitcoin alone, there are other digital currency blockchains and other applications Area blockchain.
With respect to the blockchain, almost all of the technology is available before bitcoin, but no one thinks it works until bitcoin, so bitcoin is the first successful application of blockchain technology. To the extent that bitcoin is the first blockchain there's nothing wrong with it. If you want to understand the blockchain technology, Bitcoin is indeed a thing that can't go around.
Even though all math functions blockchain utilizes indeed was present and used in time before bitcoin, you can't say BlockChain was available before bitcoin. All letters in this sentence are known for centuries but I'm quite certain that meaning of this post appears first time in history (jeez that makes me proud).
Even though all core principals was known it took a lot of thought and vision to put it all together into working system we call BlockChain.
It's like the relationship between a car engine and a Ford sedan. The Ford Sedan was the first car built using a car engine, the first digital currency to be issued using blockchain technology. You say ETH, ETC, etc. is like Toyota, Volkswagen and other cars later made. They are also the digital currency issued by Basel and Blockchain Technologies. Although all car engines, but different manufacturers have their own unique skills, the same blockchain, different blockchain has its own characteristics.
In short, bitcoin is just a small application of blockchain technology, like the APP in the apple store. Bitcoin is one of the technical implementations of blockchain. The application of blockchain technology has a wide range of applications. Decentralization is the only way for society to adapt to the needs of the future society.
While bitcoin is the digital asset (currency), blockchain is the technology that bitcoin is built on. Therefore, bitcoin is dependent on blockchain technology. Without blockchain, bitcoin would not be valuable because there would be no secure method of transacting in it. Blockchain provides a verifiable database ensuring that all purported transfers are actually transfers. As a result, you are protected from double spending and fraud.
bitcoin chains and blocks have very important relationships, such as vehicles and petrol, vehicles without gasoline will not run, and I think if bitcoin without a chain block then it will not work. This means that all transaction data is processed in a block chain.
Blockchain technology is the core of the Internet value chain, is the realization of the underlying agreement. Analog TCP ip protocol is the cornerstone of the entire Internet. Bitcoin is the most typical and most widely used blockchain protocol. Analogy is the http protocol is tcp IP protocol y the most widely used layer protocol. The Internet must mention the web, web is the most important way for the public to know and access the Internet. Bitcoin is also a major way for the general public to understand and access the blockchain. The difference is that the blockchain was designed to enable bitcoin, and http was later created.
With respect to the blockchain, almost all of the technology is available before bitcoin, but no one thinks it works until bitcoin, so bitcoin is the first successful application of blockchain technology. To the extent that bitcoin is the first blockchain there's nothing wrong with it. If you want to understand the blockchain technology, Bitcoin is indeed a thing that can't go around.
Bitcoin uses blockchain technology, but the blockchain is not the same as bitcoin. First, we have to figure out one problem is that bitcoin is a blockchain, but the blockchain is not bitcoin. Therefore, in the blockchain's answer to this question, it is inaccurate to mention the words "miner", "mining", "longest chain", "bifurcation" and so on.
Blockchain is the underlying technology of Bitcoin. A blockchain is a string of data blocks that are generated using cryptography. Each data block contains information about a Bitcoin transaction, To verify the validity of their information (anti-counterfeiting) and to generate the next block. At present, most other digital currencies other than bitcoin, such as Litecoin, have actually borrowed this technology regardless of the algorithm. Bitcoin can be said to be the first application of blockchain technology and one of the most successful applications so far. It is mentioned that blockchain is definitely going around Bitcoin, just as online shopping can not be without Taobao. Of course, with the speculation of the blockchain concept and the entry of capital, more applications will surely emerge in the future.
Bitcoin is a cryptocurrency based on blockchain, which is used for peer validation and peer-to-peer transactions worldwide. Blockchain technology allows transactions to be validated, saved, and can not be changed by anyone, because the data is encrypted and distributed.
1. Blockchain is the original core bitcoin technology. Before Bitcoin was invented, there was no such thing as a blockchain in the world.
2. After the invention of bitcoin, many people refer to the blockchain implementation in bitcoin and use similar technologies to implement various applications, which are collectively referred to as blockchain technology. The various chains implemented with blockchain technology are the blockchain.
3.eth is Ethereum, is to achieve a smart contract, a competitive currency, etc is the ethical fork currency.
2. After the invention of bitcoin, many people refer to the blockchain implementation in bitcoin and use similar technologies to implement various applications, which are collectively referred to as blockchain technology. The various chains implemented with blockchain technology are the blockchain.
3.eth is Ethereum, is to achieve a smart contract, a competitive currency, etc is the ethical fork currency.
With respect to the blockchain, almost all of the technology is available before bitcoin, but no one thinks it works until bitcoin, so bitcoin is the first successful application of blockchain technology. To the extent that bitcoin is the first blockchain there's nothing wrong with it. If you want to understand the blockchain technology, Bitcoin is indeed a thing that can't go around.
blockchain uses a decentralized system that wants efficiency. When someone buys a bitcoin coin, the computer system connected to the blockchain network will record and provide validity automatically. So, minimal error, fast, cheaper and easier.while Bitcoin itself is the first currency that runs in the network without the need for central mediators or publishers thanks to the decentralized blockchain.
Blockchain is a technology that works on the principle of creation of a blocks of data and interlinking them to each other, while bitcoin is a cryptocurrency that works and implemented using blockchain technology.
Based on my little knowledge i presume bitcoin and blockchain relation is bitcoin do all the transactions and blockchain act as a middle man to input all the transaction into the blockchain network....
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