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Author Topic: What is the relationship between bitcoin and blockchain?  (Read 206 times)
desklamp
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January 26, 2018, 06:23:04 AM
 #21

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.
gulechain
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January 26, 2018, 06:24:49 AM
 #22

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.
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January 26, 2018, 06:28:03 AM
 #23

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.
Colorblind
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January 26, 2018, 06:28:47 AM
 #24

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.
dashchain
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January 26, 2018, 06:30:55 AM
 #25

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.
asdfbna
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January 26, 2018, 06:33:56 AM
 #26

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.
globalctzn
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January 26, 2018, 06:35:06 AM
 #27

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.
Coin12
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January 26, 2018, 06:36:46 AM
 #28

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.

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January 26, 2018, 06:43:07 AM
 #29

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.

jatin729
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January 26, 2018, 06:44:21 AM
 #30

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.

Farvin2
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January 26, 2018, 06:47:23 AM
 #31

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.
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