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Author Topic: Is it possible if we build a blockchain without a coin?  (Read 208 times)
SomeCryptoDude
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February 25, 2019, 10:41:38 AM
 #21

Blockchain in itself is a technology that can stand on it's own
biskitop
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February 25, 2019, 10:48:47 AM
 #22

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.
wuvdoll
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February 25, 2019, 04:08:14 PM
 #23

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.
Suslura
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February 25, 2019, 04:59:28 PM
 #24

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.

Pffrt
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February 25, 2019, 05:03:19 PM
 #25

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.
HELLOFF
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February 25, 2019, 06:13:58 PM
 #26

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.
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