Bitcoin Forum

Is Blockchain equal Bitcoin?

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.

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

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. ;D

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.

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OP: "is Facebook equal to internet"? :)

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

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.

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.

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
.......
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.

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 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.

It used to be a Wall St. manstra that blockchain is more than just bitcoin and that bitcoin isn't going anywhere, but increasingly we are seeing people flocking to the bitcoin camp and equating the two. I believe bitcoin will remain the most prominent blockchain, but there will be other ones, both public and private, coexisting.

I always see this as

Blockchain as the technology that keeps records of transactions across multiple computers,
Bitcoin is the application of blockchain technology,
and bitcoin (BTC) is the reward to keep Bitcoin blockchain secured through the miners.

Go tell your FUDs somewhere else, that does not work here.

I think you should first articles about what is Bitcoin and What is Blockchain.

You can find a lot of articles if you try to google it easily.

You have fully answered the question. As soon as I saw this post, I wanted to write the same. That's right - bitcoin without blockchain is not a bitcoin.

Yet major corporations are paying $10 million each to run a Libra node. Facebook could potentially become one of the largest banks in the world. You remind me of the Amazon-haters of the early 2000s who kept on insisting AMZN stock would plunge to near worthlessness. The argument then was that Amazon was just a glorified online bookstore.

It looks like in just a few years almost everyone will be using cryptocurrencies.

Why most of the topic being created like this, its too direct to the point and it looks like a spam to me.

Well, bitcoin is nothing without blockchain I believe, they work separately and we both need them. That's why many coins have their own blockchain technology because its not directly connected with bitcoin.

Bitcoin and Blockchain are likened to partners who cannot be replaced and both need each other, I am very sure that bitcoin will not be like this without the help of blockchain technology and vice versa, then the blockchain is very helpful in developing bitcoin in the future, and we also feel that thing and no longer denied ...

I think you did not get the question! Your answer would have made sense if the question was - "Is blockchain equal to bitcoin?".

However, the question was asked in a different manner where Bitcoin's equality is being compared to blockchain. The correct answer is NO!

If blockchain is galaxy, then bitcoin is just a small meteor! Bitcoin is just one of the practical implementations of blockchain in financial technology field.

Bitcoin is not currency but a payment method. Back to the question, the data on the blockchain is Bitcoin and many others coins that where forked, also, these data are dependent on the Blockchain, which without they are just mere data. I assumed that, OP just got confused and wandering around the entire forum with no substance in his/her threads.  

Bitcoin is built on blockchain technology. But, there are other blockchains out there such as ethereum blockchain. It would only mean that bitcoin is not blockchain. Bitcoin blockchain is just the first blockchain; though blockchains differs in functionality and structures.

Different, bitcoin is clearly different from the blockchain, if we compare the blockchain to an operating system on a computer and bitcoin is an application or software that operates on the operating system, blockchain is not only used by bitcoin but is also used by other crypto currencies, blockchain layman can be said to be a system that records every transaction by several blocks so that the validity of the data recorded is very high and cannot be manipulated.

No. They are totally different things. Bitcoin is a digital currency built on Blockchain. Blockchain on the other hand is a technology which holds bitcoin and other cryptocurrencies. Blockchain is a new technology and it is being used a various ways.

Bitcoin exists with the help of blockchain, but it is not equal to it. Bitcoin is a digital currency and its use is provided by the blockchain. The blockchain can exist without cryptocurrency, but bitcoin cannot exist without the blockchain.

yes it is . when we say bitcoin we automatically think about blockchain and when we say blockchain we also think about bitcoin  or vice versa . 

bitcoin is equal to blockchain because bitcoin cant live alone without blockchain  and blockchain is not also possible to be discovered and became popular without the help of bitcoin  .

 idk why most of the users here in this thread are not agreeing with that fact . they also have thier own come up theory and they only believe on it  .

No, because both are not the same thing to compare. Blockchain is a decentralized technology that runs on bitcoin so this blockchain can be said to be the technology used by bitcoin. This blockchain is like a network database that stores data in every entity, and each of these data blocks is collected by the principle of cryptography.

try reading here for more details: https://www.binance.vision/blockchain/difference-between-blockchain-and-bitcoin

You are right but your analogy is kinda not right, I mean if BTC = 1 then blockchain is what makes BTC=1 because it's the underlying system behind bitcoin so essentially it is what makes Bitcoin exist and applicable, not to mention the decentralized nature that it carries.

Bitcoin and blockchain work tandem to execute the transactions bitcoin can be taken as example for decentralized transparent  transactions where as blockchain we can built smart contracts

Bitcoin is a crypto currency while the Bitcoin blockchain (example of blockchain) in it's simplest form is a database or ledger comprised of Bitcoin transaction records. However, because this database is distributed across a peer-to-peer network and is without a central authority, network participants must agree on the validity of transactions before they can be recorded.A block in a blockchain is a collection of data. The data is added to the block in blockchain, by connecting it with other blocks in chronological others creating achain of blocks linked together.

In my opinion and some others, bitcoin is almost the same as blockchain but it can't be said that bitcoin and blockchain are the same but they use almost the same features, bitcoin is basically a virtual currency that is run through blockchain technology with very high value, but blockchain is a decentralized technology that has more advantages.

blockchain tech is a part of bitcoin, but it can not be equal.
it is the same as car and its engine, one won't work without another, but no one equal car an engine, right?

and majority of others coins are using blockchain and they have no connection to bitcoin
by the way blockchain technology is using in other fields as well, I heard it is using in  accounting programs.

it's different, like a train with rails, like a car and wheels. like the internet and chrome, facebook, twitter, etc.
Bitcoin and blockchain are one body. but different functions. if bitcoin functions as a vehicle. then the blockchain functions as a road. Blockchain can live without Bitcoin. but bitcoin won't be useful without blockchain.

You understood the post wrong, OP is comparing the 2 technologies side by side, and blockchain is not the same thing as bitcoin, because the 2 things are different pieces of technology. And BTC by far is more well-known, not a lot of people actually know bitcoin is built on blockchain technology.

Bitcoin is a decentralized crypto-currency that is built on blockchain technology, and also has an open ledger of transactions.
Blockchain technology is the tech that most crypto-currencies are built on.

No, it's not. Bitcoin and Blockchain are two different entities.

To further explain, blockchain is an idea of having decentralized nodes (computers) connected together with P2P (peer-to-peer), with each node having a copy of the blockchain. The blockchain mentioned here is an encrypted series of blocks, with each block pointing to the next one, with stored data (of any kind you want to) in a block. Those nodes are the ones who create each block, requires great computing power since blockchain uses high cryptography that requires fast computations.

Bitcoin, on the other hand, is more of like a currency that is built around the blockchain technology. These makes each transaction of Bitcoin untraceable, anonimous, but irreversible. This is because when even a single bit of data is modified inside a block, its pointer to the next would change and all succeeding blocks of the chain should be modified to match the encryption pattern. On top of that, more than half of the nodes should agree that a modified block is good enough to their standards, or else it would be rejected. That's why the blockchain technology is reliable in handling sensitive transactions such as money.

Bitcoin is a kind of unregulated electronic currency which was first developed by Satoshi Nakamoto in 2008. Also referred to as a "cryptocurrency," it was released with the intent to bypass government currency control buttons and also simplify online transactions by eliminating third party payment processing intermediaries. Naturally, accomplishing this required a lot more than simply the money itself. There needed to be a safe method to make transactions together with the cryptocurrency.

Bitcoin transactions are saved and transferred utilizing a distributed ledger during a peer-to-peer system which is anonymous, public, and open. Blockchain is the underpinning technological innovation which provides the Bitcoin transaction ledger. Find out much more below and also view the video clip below for an overview more.... (https://www.sbobet88.us)

That is one of the nicest explanations I have ever heard about Bitcoin to distinguish it from the technology it uses which is blockchain:)

I think it is also equal to point out here that not all crypto are equal and the same that not all blockchain are equal. In fact some blockchain technology does not even use a blockchain (I remember like NANO,,, if I am not mistaken).

Bitcoin is blockchain but blockchain is not Bitcoin:)

Maybe we could say, bitcoin's blockchain is the foundation of other blockchains in the market. Without the blockchain technology, bitcoin will not be secured, efficient, and worthy. We  couldn't separate bitcoin with blockchain or compare them to each other. And for me, the best implementation of the blockchain is the currency. Let us not associate it with media or file storing cloud servers.

Looks like the OP has got an answer about that question.  But if the OP wants to know more, why not look for it directly on the internet, it seems easy enough. Now enough people have given their opinions on this question and I think that's enough.

Bitcoin is not equivalent to blockchain. Blockchain is much more richer than bitcoin, without blockchain cannot be bitcoin. Let us say that blockchain technology is the essence of bitcoin and all cryptocurrency, it is what makes them as cryptocurrency. But even though blockchain is much richer than bitcoin since this technology could be of use anywhere but blockchain cannot undermine bitcoin since the reason why blockchain was invented was because Satoshi wanted to create a digital currency named Bitcoin.

Blockchain is the techonlogy where bitcoin is dependant and all of the altcoins that are alive right now. Without blockchain transactions would be impossible for cryptocurrencies so blockchain and bitcoin/cryptocurrency will never be equal to each other, blockchain I think is alot developed than bitcoin/cryptocurrency itself.

Blockchain is never the same or equal to Bitcoin. Blockchain is like the system in which controls and keeps record on data or information stored in it.  Bitcoin on the other is just a digital representation of currency which uses the blockchain system as the central brain control how it is stored and transact from user to another. Bitcoin can never operate without Blockchain, whiles blockchain on it own can fully function as a data ledger. 

This made me remember when my friend asked my which one is the more important, Bitcoin or Blockchain.

Without blockchain, Bitcoin won't be enough decentralized. Meanwhile without bitcoin, blockchain would never be known well by most people.

Bitcoin is digital gold that runs on the technology called the blockchain. It was necessary for bitcoin to run on the blockchain because the technology is tampered proof, and transactions on it are immutable. Blockchain spreads across various works of lives.

Just because some crypto coin utilizes the blockchain doesn't make it secure or popular---a lot of coins have been attacked because of how insecure their networks are. It's a massive single point of failure.

Bitcoin is known for its immensely powerful network---security that helps maintain its data integrity. I haven't seen many people praise Bitcoin because of it being a blockchain. People value Bitcoin's network.

Blockchain is a buzzword to help businesses and scammers attract capital. I have never liked the idea behind a whole blockchain industry. It's 95% hype and 5% utility. One day that hype will lose its momentum....

I believe that everything will depend on in which area of ​​human activity blockchain will be used.  The results will depend on this, and Bitcoin is already losing its popularity today, and it is quite possible that it will be quickly replaced by other cryptocurrencies, such as Ethereum, which have indicators much higher.

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.
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We all know that bitcoin is our future right now. Many people think if bitcoin and blockchain are the same? Bitcoin is a cryptocurrency that many people are kow using it and because of that we earn some money out of it  Blockchain is a technology that connects with other people through internet.

No not at all Bitcoin is not blockchain. Bitcoin is merely a currency created over blockchain. Blockchain is too vast and immensely useful for everyone. It's much more than merely being a currency it's a technology which supports mining of blocks for transmission of data over an interconnection of blocks. Now this data could be anything. Many companies are trying to develop techniques to store our daily use data over the chain and make it's transmission more fast and secure. Actually the best thing about blockchain is that it is a P2P settlement method without need of high infrastructure to either of the peer. So this technology can really prove to be radical.

Bitcoin and Blockchain are equal to one, because bitcoin cannot be function without Blockchain and also Blockchain cannot have a value without Bitcoin, Hence BTC is an asset of blockchain.

If it's not popular then people won't use it for their business, either their business is a scam or legit, this is also supporting your own words, that :


Scammers won't be able to attract people if blockchain doesn't look enough secure, popular or whatever it is


You are right, in this matter. Still, none of us can'r deny the fact that Bitcoin is using blockchain, Bitcoin has its on blockchain.

In my opinion blockchain and bitcoin are actually not much different, blockchain is a decentralized technology that has many advantages including blockchain having transaction records (blocks) and there are also some other blockchain features such as decentralization, transparency and others while bitcoin is a cryptocurrency that runs blockchain and bitcoin technology is also the first and not decentralized cryptocurrency.

Obviously, no, bitcoin is not the same as blockchain. Blockchain is the technology behind bitcoin, while bitcoin is a type of cryptocurrency which we all know is the most dominant and popular cryptocurrency available. Blockchain technology is complex to teach here, better research about it. Try to research so that all your questions would be answered properly.