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Author Topic: Can Blockchain Survive Without Bitcoin  (Read 3260 times)
KuyaBreezy
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February 19, 2018, 04:49:10 AM
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Blockchain Technology was driven to fame by its application on Bitcoin Gold due to its encryption that has been considered hacker proof. Bitcoin has been used as a reference to its success, providing a secure network for users.

The question however is, can blockchain succeed without bitcoin?

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February 19, 2018, 05:02:18 AM
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Yes, it will. Bitcoin has surely played a pivotal role to get Blockchain going and putting it where it is today. But I firmly believe that even if Bitcoin fails in future, the blockchain technology will prevail. Hundreds of interesting applications being launched on Blockchain tech and some of them will get traction for sure. Blockchain is here to stay!  Smiley
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February 19, 2018, 05:10:16 AM
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Blockchain Technology was driven to fame by its application on Bitcoin Gold due to its encryption that has been considered hacker proof. Bitcoin has been used as a reference to its success, providing a secure network for users.

The question however is, can blockchain succeed without bitcoin?

yes of course , because bitcoin needed technology blockchain. and blockchain will produce many coins with sophistication.
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February 19, 2018, 05:14:37 AM
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Yes, it will Survive as bitcoin is just one project whereas there are thousands of projects using it and new things are coming up quickly.

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February 19, 2018, 05:17:03 AM
 #5



Blockchain Technology was driven to fame by its application on Bitcoin Gold due to its encryption that has been considered hacker proof. Bitcoin has been used as a reference to its success, providing a secure network for users.

The question however is, can blockchain succeed without bitcoin?
Indeed. Even without bitcoin, blockchain still can run. There are so many coins in the market with a high potential. It just happened bitcoin is too popular and some coins are not. Other cryptocurrencies can rise to the top.

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February 19, 2018, 05:20:32 AM
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It can be run without Bitcoin, but the key is Bitcoin as they are invented blockchain. There are lot of coins who are personally running , however still they needed to be popular just like Bitcoin.
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February 19, 2018, 05:30:02 AM
 #7

I think that if bitcoin disappears for some reason, certain coins will be able to take its place as the leader of the crypto currency. It can be ethereum, or bitcoin cash or any other successful coin that will manifest itself in the future. Just for transfer to fiat will already use these other coins. Crypto currency is constantly being improved and therefore you need to be prepared for various changes in the rating of any of the digital coins.

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February 19, 2018, 05:32:54 AM
 #8

Of course, the block chain can survive without bitcoin, but bitcoin will not survive and will not work if it's without a block chain.

Therefore, block chain and bitcoin both have a very important relationship, for the transaction smoothly.

If bolck chain without bitcoin, I think it is impossible, for what appears block chain if there is no bitcoin?

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February 19, 2018, 05:37:58 AM
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Blockchain is is a channel through which bitcoin transactions take place, it supports other alt coin transactions too and therefore can be independent of bitcoins

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February 19, 2018, 05:40:53 AM
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I believe it will survive. The block chain may not be known that much without bitcoin but because there are altcoins it may, depending on how this coins are promoted or used. If they cannot create more market for these coins then the block chain will be a hollow block empty and void. Populariry matters.

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February 19, 2018, 06:18:21 AM
 #11

Let's get from the start. Blockchain is distributed ledger technology, where data are shared, synchronized and replicated across multiple sites, countries, or institutions !

Institution is  UK Government, Office for Science. January 2016. Retrieved 29 August 2016.
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/492972/gs-16-1-distributed-ledger-technology.pdf

Blockchain is created before Bitcoin by inventor Kelce S. Wilson, and patented in US patent office
http://www.peddal.com/patents/8135714_Wilson.pdf

Public Electronic Document Dating List (peddal)

 Banks are investing heavily in distributed ledgers as a cost-saving measure and a way to reduce operational risks via ''Restructuring and Innovation in Banking'' agreement.
The future use of distributed ledgers is expected to monetize the Internet of things in a programmable economy.

So, Blockchain will not just survive, but will be implemented in many different ways, not as "Blockchain", but as a Distributed Ledger (Shared Ledger) !
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February 19, 2018, 06:33:00 AM
 #12

Blockchain has a lot of potential uses and it is not limited for securing Bitcoin, so it will survive even without Bitcoin. It is just that most developers focuses on using it for creating new cryptocurrency this is why some people thinks that blockchain can only be used in cryptocurrency, but that is not true. It can be used in securing different kinds of data. One example of its uses is it can be use for better election of new country officials, in this case when we use blockchain for voting system it will be more secured and blockchain technology can prevent data from being edited or from any change because all stored data are permanent so no one can cheat but blockchain can't stop people from selling their vote.
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February 19, 2018, 06:40:50 AM
 #13

without an incentive in the form of monetary compensation from the network, the block will lose its effectiveness. LedgerX creates products for financial institutions that use Bitcoin. The company raised about $ 1.5 million of venture capital and is looking for additional financing.
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February 19, 2018, 07:16:54 AM
 #14



Blockchain Technology was driven to fame by its application on Bitcoin Gold due to its encryption that has been considered hacker proof. Bitcoin has been used as a reference to its success, providing a secure network for users.

The question however is, can blockchain succeed without bitcoin?

Blockchain is a technology that will change how things are done and contrary to the believe that blockchain might not survive without bitcoin, its the other way round as bitcoin survival is reliant on the continued advancement of blockchain and the reason is simple. While a lot of comments and countries have been against bitcoin, which has been about either regulating or banning totally, I have not read any argument against the blockchain technology and even a lot of commendations and continued development in that regard.

I have come to conclude that those who are against bitcoin are only joking so far they still believe in the technology behind it and willing to harness it to the fullest which is Blockchain.
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February 19, 2018, 07:20:29 AM
 #15

You can not survive without bitcoin because if only Bitcoin is working with Bitcoin, or if Bitcoin is dead or ending, the room starts sinking after a few days.
joan26
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February 19, 2018, 07:25:22 AM
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It’s no question that bitcoin cannot exist without blockchain, as this is the cryptocurrency’s defining feature. However, many have wondered if the underlying technology could persist even if the digital currency is no longer in existence. After all, bitcoin is having trouble shaking off its negative associations with money laundering or underground markets like Silk Road, and may be unable to gain the trust and confidence of the general public.
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February 19, 2018, 07:32:01 AM
 #17

Yes blockchain as a technology will survive even without Bitcoin.  Bitcoin was just the first application of this technology.  I think we are going to see a lot more case use of this new technology in the future.  Banking, retail, supply chain, identity are some of the applications being looked at seriously today using the blockchain distributed ledger. 
boboking
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February 19, 2018, 07:37:42 AM
 #18

Blockchain technology has not only produced bitcoin but almost all coins. Yes we know that bitcoin is the king of coins but even if bitcoin went down there are still other coins than can take over. We have altcoins right now that have potential to over throw bitcoin as the number one coin.

The technology will only die if there will be a more superior way to replace it.


google98
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February 19, 2018, 07:43:54 AM
 #19

Blockchain Technology was driven to fame by its application on Bitcoin Gold due to its encryption that has been considered hacker proof. Bitcoin has been used as a reference to its success, providing a secure network for users.
The question however is, can blockchain succeed without bitcoin?

Yes, Blockchain will survive without the BTC.
In theory, the only thing that's needed for Blockchain is the Internet.
So the Blockchain is unlikely to disappear.

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February 19, 2018, 07:55:27 AM
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Blockchain Technology was driven to fame by its application on Bitcoin Gold due to its encryption that has been considered hacker proof. Bitcoin has been used as a reference to its success, providing a secure network for users.

The question however is, can blockchain succeed without bitcoin?
A straight answer to your question is yes. But let us look at the relationship between blockchain and bitcoin.

Wikipedia says "Blockchain was invented by Satoshi Nakamoto in 2008 for use in the cryptocurrency bitcoin, as its public transaction ledger.[1] The invention of the blockchain for bitcoin made it the first digital currency to solve the double spending problem without the need of a trusted authority or central server."

From the foregoing, blockchain was designed with bitcoin in mind. Therefore, the efficient working of the blockchain is most efficient with bitcoin.

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