 |
October 07, 2018, 02:08:40 PM |
|
Must often people confused blockchain technology to cryptocurrency, few days ago, I was chatting with a friend and I asked him if he knows what blockchain is all about, suprisen enough he started telling me that bitcoin!
Is quite obvious that must persons don't know the difference between cryptocurrency and blockchain technology, so I have spared out sometime to up to a bit summary.
Summary
The blockchain is like the computer motherboard, while it cabinets such as, algorithms, smart contracts etc are the chips of the computer, without the motherboard, the chips of the computer won't fits in, and without the motherboard and it chip-sets the computer won't exist. The same method is applied to blockchain technology and cryptocurrency, without blockchain there won't be algorithms and smart contracts, and without blockchain and it cabinets there won't be Crypto currency.
Just like we have different types computer and electronics, and they all have powerboard, so it is in crypto, every cryptocurrency has it blockchain that make functional.
Just as you wont refer a motherboard to be a computer, same goes to blockchain
Conclusion
Let's stop confusing blockchain to cryptocurrency, both are two different things, a computer is made up motherboard and chip and they all serves different purposes, so it is in crypto, every technology has it motherboard, some are called control panel while are called power board.
Best regards
Osuala
|
