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Author Topic: What is the relationship between bitcoin and blockchain?  (Read 206 times)
busua (OP)
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January 26, 2018, 03:20:55 AM
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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.
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January 26, 2018, 03:25:50 AM
 #2

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 did not exist before bitcoin. It was invented by Satoshi Nakamoto, whoever that is.

https://en.wikipedia.org/wiki/Blockchain

sadacoin
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January 26, 2018, 03:29:03 AM
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First, the blockchain is a technology that was invented only by bitcoin, and Chuang Saton's original intention was to complete a great experiment in bitcoin with the new monetary system in the world through bitcoin, that is, Instead of inventing blockchain, Bitcoin invented rather than invented the blockchain.
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January 26, 2018, 03:31:40 AM
Merited by DannyHamilton (2), achow101 (1), Welsh (1)
 #4

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.

The usual trope about "blockchain technology" generally gets it in reverse. The idea of "blockchain technology" was used by the media and some startups that wanted to 'sanitize' Bitcoin from its association with drugs/dark markets. Therefore, the usual phrasing became "We don't like Bitcoin, but blockchain technology behind Bitcoin is really innovative". It's funny, but I heard the exact same sentiment on the crypto asset panel in Davos earlier today too, so this line of thinking is still with us, unfortunately.

What Bitcoin solved is the Byzantine General's Problem (Wiki: https://en.wikipedia.org/wiki/Byzantine_fault_tolerance), which, in a nutshell, is a way for untrusting parties to come to a consensus on a shared piece of information. Bitcoin uses the solution to create a global and distributed ledger. This ledger 's state is agreed upon by all participants.

It is remarkable if you think about it - you may be in China, Japan, Russia, Australia, Sweden, Luxembourg, Brazil, etc. and all the people agree to the current state of the ledger. These parties have never even met each other. They may be honest or dishonest. They may be humans or machines. But they all agree to the state of Bitcoin's current ledger. That's a powerful idea.

The blockchain is just a data structure with some desirable properties, that Bitcoin employs. This is definitely clever, but by no means "the innovation behind Bitcoin". It might as well be a block-tree or something else. The data structure is cool but not the core fundamental feature of Bitcoin. Yes, Bitcoin was the first system that made use of the blockchain, but there were similar ideas (hashed linked-list type structures) that pre-date Bitcoin. Don't let "blockchain technology" fool you into not really appreciating what Bitcoin is and what problems it solved.
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January 26, 2018, 03:32:11 AM
 #5

Bitcoin should be the mother of the block chain. This is also the reason why blockchain can not bypass bitcoin because bitcoin can survive to this stage is not easy, experienced several tribulations before today's position, and he was born with blockchain technology The same is true. Now people are going to talk about the blockchain first to see how the blockchain of Bitcoin comes from. Any newly designed blockchain should think carefully about whether it can withstand the market and the reality.
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January 26, 2018, 03:34:29 AM
 #6

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 is one product that runs on Blockchain. others said blockchain is a peer-to-peer network connected with miners computers that will confirm a transaction and will give the results of its confirmation to another computer, so that a transaction can happen
ajjhu
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January 26, 2018, 04:26:54 AM
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First of all, do not think the blockchain is overly profound. He is a database storage system that works together around the world and is able to work together, as opposed to traditional database operations - where read and write permissions rest on a company or a centralizer Feature), the blockchain believes that anyone with the ability to set up a server can participate. Nuggets from around the world have deployed their own servers locally and connected to the blockchain network to become a node in this distributed database storage system; once joined, the node has exactly the same rights as all the other nodes And obligations (decentralized, distributed). At the same time, people who work on the blockchain can read and write to any node in the system. Finally, all nodes in the world will synchronize with each other according to a certain mechanism, The data in all nodes in the blockchain network is exactly the same.
bjjobg55206
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January 26, 2018, 05:09:58 AM
 #8

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 did not exist before bitcoin. It was invented by Satoshi Nakamoto, whoever that is.

https://en.wikipedia.org/wiki/Blockchain

I think they are not any relationship ,the bitcoin just a currency ,and the blockchain is a technology which was good for the company to save the cost.
pooya87
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January 26, 2018, 05:10:49 AM
 #9

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 did not exist before bitcoin. It was invented by Satoshi Nakamoto, whoever that is.

https://en.wikipedia.org/wiki/Blockchain

i think technically we can say there WAS blockchain before bitcoin.

according to the history part of the link you posted here, The first work on a cryptographically secured chain of blocks (which is the other way of calling block-chain aka chain of blocks) was described in 1991 by Stuart Haber and W. Scott Stornetta.

the keyword in the second paragraph is "conceptualised". it says first blockchain but it practically means before bitcoin it was little work, lets say mostly theoretical than actual large scale blockchain like what bitcoin started.

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frery
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January 26, 2018, 05:19:58 AM
Merited by wolf one (1)
 #10

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.
As a decentralized, shared and encrypted distributed ledger technology, blockchain has three salient features: decentralized, traceable, and unreadable, so blockchain technology has transactional autonomy and saves regulatory costs , great confidentiality and security. However, the blockchain has been only a low-level technology for a long time and the application scenarios have not progressed smoothly. On the contrary, the digital tokens derived from it, such as Bitcoin, Ethereum, and all kinds of tokens, have suddenly become the darlings of the capital market and have become the objects of people's esteem and speculation.
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January 26, 2018, 05:22:30 AM
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Bitcoin is not synonymous with blockchain, though it was the first blockchain. The bitcoin blockchain is distributed, permissionless, and decentralized. All blockchains can vary in these and other features.
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January 26, 2018, 05:33:39 AM
 #12

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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January 26, 2018, 05:45:16 AM
Last edit: January 26, 2018, 07:02:30 AM by gabbie2010
 #13

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.

Zeinabdullah
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January 26, 2018, 05:50:33 AM
 #14

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.
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January 26, 2018, 06:02:51 AM
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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.
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January 26, 2018, 06:03:48 AM
 #16

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.
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January 26, 2018, 06:09:00 AM
Merited by kioicoin (2)
 #17

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.
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January 26, 2018, 06:12:35 AM
 #18

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.
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January 26, 2018, 06:15:57 AM
 #19

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.
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January 26, 2018, 06:20:39 AM
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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.
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