zolfa
Member
Offline
Activity: 518
Merit: 11
|
|
April 21, 2018, 07:34:07 AM |
|
good explanation, and blockchain is part of bitcoin, bitcoin transactions will not work without blockchain, because blockchain that sends P2P transactions, processing each data and transactions, and saving block storage.
then also segwit bitcoin helps minimize the size of the transaction, so the transaction system becomes better.
|
|
|
|
|
|
|
|
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
sheenshane
Legendary
Offline
Activity: 2394
Merit: 1215
Cashback 15%
|
|
April 21, 2018, 08:13:17 AM |
|
good explanation, and blockchain is part of bitcoin, bitcoin transactions will not work without blockchain, because blockchain that sends P2P transactions, processing each data and transactions, and saving block storage.
then also segwit bitcoin helps minimize the size of the transaction, so the transaction system becomes better.
Well said mate, it's just adding your statement, blockchain is a kind of technology that used by bitcoin to have transactions, and yes they are now adding segwit for lessening transaction fees and faster transaction time. They also plan to use lightning network aside from blockchain but I think that was in progress as of now. So, this blockchain is a decentralized technology which is bitcoin a virtual currency that uses the blockchain.
|
. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
|
|
|
alex M
Newbie
Offline
Activity: 166
Merit: 0
|
|
April 21, 2018, 08:25:08 AM |
|
Bitcoin is just a crypto-currency, a representation of money, while blockchain is a technology or a system that monitors or tracks every transactions made wherein btc is use as a digital currency or mode of payment in some other countries.
|
|
|
|
Geljames28
Jr. Member
Offline
Activity: 238
Merit: 1
|
|
April 21, 2018, 08:48:33 AM |
|
Difference between bitcoin and blockchain: Bitcoin- is a digital asset and a payment system. Bitcoin transactions are stored and transferred using a distributed ledger on a peer-to-peer network that is open, public and anonymous.
Blockchain- is the underpinning technology that maintains the Bitcoin transaction ledger. Blockchain is a technology behind bitcoin. It works like a database for all Bitcoin transactions and it keeps all records since the first transaction.
|
|
|
|
kangbasir
Member
Offline
Activity: 394
Merit: 10
|
|
April 21, 2018, 11:51:04 AM |
|
Blockchain is the foundation of the bitcoin digital currency that most people misunderstand today where many say Blockchain is the same as Bitcoin but actually both are different but the interconnected blockchain is a Bitcoin buffer platform that is potentially legally used while virtual currencies like the whole Bitcoin system based on chain blocks or blockchains
|
|
|
|
mineko
Newbie
Offline
Activity: 79
Merit: 0
|
|
April 21, 2018, 12:16:35 PM |
|
It's true of what you say, that blockchain is a great place to write and also keeps transparent incoming data that everyone can see, and that's one of Blockchain's technological sophistication, and which will not be hackers.
|
|
|
|
BillCoin
|
|
April 21, 2018, 12:35:31 PM |
|
Blockchain is the technology that drives bitcoin and it enables much more then just transferring funds, it enables transferring data and it is something that could be used for a lot of things beside transferring funds or managing a cryptocurrency. Bitcoin is a user of Blockhain, it uses the blockchain to transfer data that contains info about funds transfers, it's a one usage of blockchain but blockchain has many uses.
|
|
|
|
zavox77
Newbie
Offline
Activity: 182
Merit: 0
|
|
April 21, 2018, 02:42:44 PM |
|
Bitcoin is a cryptocurrency, created and held electronically on your PC or in a virtual wallet. No one controls it or sees it. It is decentralized so no person, institution or bank controls the currency. While bitcoin had the power to make transactions untraceable, it was another innovation that promised to make every transaction transparent and permanent. Blockchain is possesses the ability of having permanent records of the transactions the blocks.
|
|
|
|
cmacwiz
|
|
April 21, 2018, 04:50:57 PM |
|
bitcoin is one of digital currency ,, while blockchain is the records big book of all transactions crypto in the form of the block - block ever run. most wrong at this time, where many say blockchain the same as bitcoin, but in fact the two different but interrelated.
If Bitcoins is a crypto currency then Blockchain is the foundation of that crypto currency and also known as underlying technology of Bitcoin. Bitcoin is used as digital currency and many people use it for transaction. While Blockchain is the public ledger of those transaction which made by Bitcoin. It is like a record book of all transactions history with public information of both sender and receiver. Because of Blockchain technology Bitcoin transaction are transparent. Blockchain is the technology which makes Bitcoin provide the decentralised nature to the Bitcoin.
|
|
|
|
pthnmj
|
|
April 21, 2018, 04:56:39 PM |
|
Bitcoin is a crypto currency which is used as a means of exchange and also a store of value, it is called crypto because it was built in a way that it cannot be copied this was done one the blockchain, without the blockchain there can be no decentralization of bitcoin. Blockchain is an open ledger where transactions are being stored, all transaction stored are distributed and decentralized. Meaning that everyone has access to be information but no one owns the information. Bitcoin is a coin built on the blockchain, while the blockchain is like a decentralized database with no owner.
That's totally true. To illustrate and make it simple, the difference is the same which is there between bank databases, money and dollar. Bitcoin -> Dollar Cryptocurrency -> Money Blockchain -> Bank Database
|
|
|
|
pathapoddo
Full Member
Offline
Activity: 448
Merit: 100
CRYPTOCITIZEN $CCASH
|
|
April 21, 2018, 05:03:11 PM |
|
I just know that bitcoin is a currency and block chain is a technology method. Bitcoin is created using the block chain method.
|
⎔ CRYPTOCITIZEN ┇ RULE & EARN 【 $CCASH 】 MMO RPG METAVERSE ON BSC ┇ FIGHT • • DRAG RACE • • EARN ➥ TELEGRAM ➥ TWITTER ➥ TWITCH ➥ WEBSITE • • 【 WEBSITE 】
|
|
|
ghost07
|
|
April 21, 2018, 05:06:42 PM |
|
in my reaserch blockchain is the process or the program for bitcoin and other cryptocurrencies. bitcoin is the currency that exist this year in term of digital.
|
|
|
|
boty
Full Member
Offline
Activity: 1162
Merit: 208
★Bitvest.io★ Play Plinko or Invest!
|
|
April 21, 2018, 05:19:40 PM |
|
Bitcoin is a crypto currency which is used as a means of exchange and also a store of value, it is called crypto because it was built in a way that it cannot be copied this was done one the blockchain, without the blockchain there can be no decentralization of bitcoin. Blockchain is an open ledger where transactions are being stored, all transaction stored are distributed and decentralized. Meaning that everyone has access to be information but no one owns the information. Bitcoin is a coin built on the blockchain, while the blockchain is like a decentralized database with no owner.
I think the difference that I can conclude is, bitcoin is a digital currency that has a limited total supply and can be in mining, roughly can be said as tokens, while for blockchain is a group that arranges the purchase of bitcoin or can be said third party, I not really know whether it is true or not but clearly both need each other.
|
|
|
|
Timok Abiodun
Newbie
Offline
Activity: 126
Merit: 0
|
|
April 23, 2018, 10:17:05 AM |
|
they are closely related. When Bitcoin was released as open source code, blockchain was wrapped up together with it in the same solution. And since Bitcoin was the first application of blockchain, people often inadvertently used “Bitcoin” to mean blockchain. That’s how the misunderstanding started. Blockchain technology has since been extrapolated for use in other industries, but there is still some lingering confusion.
|
|
|
|
Playmode Kreative
Newbie
Offline
Activity: 27
Merit: 0
|
|
April 23, 2018, 10:19:08 AM |
|
Bitcoin is a type of unregulated digital currency that was first created by Satoshi Nakamoto in 2008. Also known as a “cryptocurrency,” it was launched with the intention to bypass government currency controls and simplify online transactions by getting rid of third-party payment processing intermediaries. Of course, accomplishing this required more than just the money itself. There had to be a secure way to make transactions with the cryptocurrency. While bitcoin had the power to make transactions untraceable, it was another innovation that promised to make every transaction transparent and permanent.
|
|
|
|
Joemzz31
Member
Offline
Activity: 308
Merit: 30
|
|
April 25, 2018, 03:05:04 PM |
|
Actually there is a big misunderstanding between the bitcoins and the blockchain. Bitcoins is the coin offer in the market which helps lots of people to earn enough income to support their future while blockchain market is the market called who regulates the whole buying and selling process of cryptocurrency.
|
|
|
|
avoxosuccesful
Jr. Member
Offline
Activity: 252
Merit: 3
|
|
April 26, 2018, 02:15:14 AM |
|
Bitcoin is just an exchanger and a medium for the token valuations.the blockchain however is a decentralized ledger that ,akes sure token are properly distributed from one user to another can be in currency or other means compending on how the user uses it.and we'v got to many blockchain tech ops.but bitcoin is bitcoin that helps this block chain tech ops pay money to their customers without any middle man neither bank.bitcoin can also be converted to real cash when also sold.
|
|
|
|
Good Bo
Member
Offline
Activity: 204
Merit: 10
|
|
April 26, 2018, 02:28:51 AM |
|
Bitcoin is just the token that are used to transfer value. The Blockchain is a decentralized ledger that keeps track of the transfer of tokens from one owner to the other. This might be a over simplified way to define this, but it works for me. The token can be a currency or commodity, depending on how it is used by the owner.
When you hear a company talking about the implementation of Blockchain technologies, you have to ask What token they will be using. The token will determine if it is Bitcoin or not, and this is very important.
Yes that is above the different of bitcoin and blockchain. In simple maybe i can say bitcoin is the product and blockchain is the place where the product work. Blockchain is general and bitcoin in specialize. So blockchain technolgy not only use for bitcoin but for other too.
|
|
|
|
Allura74
|
|
April 26, 2018, 03:05:03 AM |
|
Bitcoin is a crypto currency which is used as a means of exchange and also a store of value, it is called crypto because it was built in a way that it cannot be copied this was done one the blockchain, without the blockchain there can be no decentralization of bitcoin. Blockchain is an open ledger where transactions are being stored, all transaction stored are distributed and decentralized. Meaning that everyone has access to be information but no one owns the information. Bitcoin is a coin built on the blockchain, while the blockchain is like a decentralized database with no owner.
I think the difference that I can conclude is, bitcoin is a digital currency that has a limited total supply and can be in mining, roughly can be said as tokens, while for blockchain is a group that arranges the purchase of bitcoin or can be said third party, I not really know whether it is true or not but clearly both need each other. Yes, basically bitcoin is the digital currency and blockchain is the record system like a an ordinary ledger, since bitcoin is a decentralized form of financial system the blockchain will serve as the anonymous third party that hold the record of every bitcoin or any other crypto coin transaction and the blockchain system is very secured against data manipulation.
|
|
|
|
hieu81
|
|
April 26, 2018, 09:15:55 AM |
|
Bitcoin is a crypto currency which is used as a means of exchange and also a store of value, it is called crypto because it was built in a way that it cannot be copied this was done one the blockchain, without the blockchain there can be no decentralization of bitcoin. Blockchain is an open ledger where transactions are being stored, all transaction stored are distributed and decentralized. Meaning that everyone has access to be information but no one owns the information. Bitcoin is a coin built on the blockchain, while the blockchain is like a decentralized database with no owner.
Bitcoin uses Blockchain technology! No difference, Blockchain makes Bitcoin and the altcoin! Without Blockchain we would not have the bitcoin and the altcoin!
|
|
|
|
|