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Author Topic: difference between bitcoin and blockchain  (Read 667 times)
SingAlong
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May 07, 2018, 01:35:11 AM
 #61

Bitcoin is the first decentralized cryptocurrency it was released in the year 2009 by the mysterious name Satoshi Nakamoto. This is the online or digital banking system and it works independently without authorities and central bank while blockchhain is a digital ledger that records or manage transaction or database between two parties publicly.

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natasharul69
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July 11, 2018, 12:18:30 PM
 #62

In simple explanation Bitcoin is the currency while the technology being used is the blockchain. Bitcoins is build with blockchain as its foundation, without the blockchain bitcoin could not be called a crypto currency. Somehow the essence of bitcoin as a currency is the blockchain technology. But it is also important to understand what is this blockchain, blockchain is a record of transaction, a public ledger wherein you can monitor and trace whenever you make a transaction using bitcoin.
[Very accessible explanation, I fully agree with you.]
Daday23
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July 11, 2018, 12:51:09 PM
 #63

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. Underlying the use of bitcoin is blockchain, which is almost entirely opposite its more famous alter-ego.  possesses the ability of having permanent records of the transactions the blocks  are used for, and at any time people can see those  online in real time
#davidnugroho
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July 13, 2018, 11:34:54 AM
 #64

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.

this is very important and useful information if the bitcoin is without ownership and only the person who knows it is very safe like in the bank.
Bugcoin5
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July 13, 2018, 12:15:43 PM
 #65

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.
Blockchain is a type of technology and architecture for data storage while Bitcoin is digital payment system running on Blockchain technology the system was designed to work without any central authority.
Khalp1
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July 13, 2018, 12:59:30 PM
 #66

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.
Blockchain is the technology behind the ability to have secure, transactional power that is distributed globally, as opposed to having monetary transactions controlled by centralized financial institutions.While Bitcoin is the first cryptocurrency that emerged into the crypto world, the most known nowadays and with the highest value.
Cepot
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July 13, 2018, 01:09:46 PM
 #67

it seems almost all the same with answers that make no difference between blockchain and bitcoin is not the same between digital money and big books...
dillpicklechips
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July 14, 2018, 01:48:01 AM
 #68

The difference between bitcoin over blockchain is that bitcoin is the first digital currency and it is also known as the new electronic digital paymet system and money. This system works independently. While blockchain is made for bitcoin to record all the transactions inside the bitcoin or between two parties. It is digital ledger and it is recorded publicly.
Lannie25
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July 14, 2018, 11:13:32 AM
 #69

BItcoin nis the electronic currency that you used as a investment while the blockchain is the market wherein the exchanges and tradings are happen, it is a place wherein you can exchange your investments.
Charles Warren
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July 14, 2018, 11:16:27 AM
 #70

I'll keep it simple and quick. I'll add one more term: cryptocurrency.
The difference is the same which is there between bank databases, money and dollar.

Bitcoin -> Dollar

Cryptocurrency -> Money

Blockchain -> Bank Database

You buy and sell using dollars. What it actually is to you is money. Each of your transaction is stored in a bank database.
Peter Bailey
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July 14, 2018, 11:20:09 AM
 #71

Bitcoin is a cryptocurrency, mother of all altcoins. And blockchain is a digital ledger that provides a secure way of making and recording transactions, agreements and contracts – anything that needs to be recorded and verified as having taken place.
DoublerHunter
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July 14, 2018, 11:26:32 AM
 #72

Bitcoin is a cryptocurrency which is used by most of the trader and holder to put their money so they can have the chance to generate more money while the blockchain is the heart or the most important thing for a cryptocurrency like bitcoin because if there is no blockchain then that cryptocurrency will be dead because it is alive and running because of the blockchain.
Captain Sneeze
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July 14, 2018, 11:29:47 AM
 #73

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.



Base on what i read on the internet the difference between them is Bitcoin is a cryptocurrency, created and held electronically on our PC or in a virtual wallet and  while blockchain had the power to make transactions untraceable, it was another innovation that promised to make every transaction permanent.
delphic
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July 14, 2018, 11:48:39 AM
 #74

Bitcoin is not a blockchain, and blockchain is not the same as bitcoin. Blockchain is a technology, and Bitcoin is one of the ways of its application, which is well seen by global financial organizations. Bitcoin is based on the blockchain technology. But bitcoin is not the only way to use the blockchain. There is also the Ethereum Protocol. In addition to the ether cryptocurrency, whose capitalization is now $ 43 billion, there are other ways to use this Protocol, for example, smart contracts. Bitcoin does not have such functionality, the technology underlying it allows only to transfer funds. And by the way, this is one of the reasons why many financiers claim that bitcoin does not have its own value. Called a blockchain - a distributed public registry, although the blockchain is only one possible technical approaches to the creation of such a registry. Therefore, those who are skeptical about bitcoin and call it a" bubble " understand the difference between the blockchain and bitcoin, and see that digital registries have much more opportunities.

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RyhaniFoyej
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July 14, 2018, 12:14:46 PM
 #75

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.
The main deference between in bitcoin and blockchain is bitcoin is a digital currency another blockchain is a wallet by which bitcoin can transaction that's why it works peer to peer or user to user and it cannot be track. Bitcoin and blockchain this two things are related with each other. An important thing is bitcoin is a token that is called digital currency because it is used by online process in stead of general currencies and its transaction method is done by the blockchain technology.
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July 14, 2018, 12:33:55 PM
 #76

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.

well.... well said.
but then, my question is what good is Bitcoin to Blockchain if Bitcoin can not be globally decentralized. since Bitcoin inception, it has continually faced the issue of global acceptability. i figured Blockchain is there to facilitate this means of decentralization. why are people finding it difficult to accept Bitcoin to Blockchain. in my mind, i want to understand that should Bitcoin die today, Blockchain dies with it so is the concept of decentralization.
BitGunner
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July 14, 2018, 12:37:39 PM
 #77

Btc is the coin which performs its main functions on the basis of the blockchain and this is the main advantage of the btc, which is wanted by many companies and large businesses. i think that this is the best way to earn money on btc
automaticmoney
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July 14, 2018, 01:17:37 PM
 #78

The main difference between bitcoin and blockchain is bitcoin is for transactions and whereas blockchain is for maintaining a ledger both combined we have decentralised network away from governments and central banks
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July 14, 2018, 01:19:06 PM
 #79

Bitcoin is a cryptocurrency, mother of all altcoins. And blockchain is a digital ledger that provides a secure way of making and recording transactions, agreements and contracts – anything that needs to be recorded and verified as having taken place.

Bitcoin is a digital money and the foundation of all cryptocurrencies while blockchain serves as a public digital ledger records tge transaction but it makes the transaction anonymous and private. Blockchain is the technology behind bitcoin.
cpoer2011
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July 14, 2018, 02:08:52 PM
 #80

It's so obvious what is the difference between bitcoin and blockchain, bitcoin is the cryptocurrency that used blockchain as it system technology. Bitcoin is the product from bitcoin. Blockchain is the system.
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