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Topic: Cryptocurrency (Read 212 times)

UAE Seasider

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Re: Cryptocurrency

April 12, 2018, 06:54:00 AM

#21

Blockchain is defined as a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly. So the blockchain is the methodology and Bitcoin is a coin designed to use it.

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Re: Cryptocurrency

April 13, 2018, 04:59:37 PM

#22

Bitcoin is just the software which is based on the Blockchain technology. You use the software when you use Bitcoin but unlike the other software, there is no single server for Bitcoin, there are multiple servers known as blocks and those who discover/mine those blocks and confirm the transaction are known as miners. These blocks are connected with each other and that chain of blocks is known is blockchain. Every transaction appears in multiple blocks.

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