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Author Topic: difference between bitcoin and blockchain  (Read 722 times)
damrianto
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July 14, 2018, 05:49:51 PM
 #81

Blockchain is the ledger record of all crypto transactions in the form of blocks that have ever run. Blockchain has a platform and currently uses the Bitcoin protocol.
Bitcoin is one of the digital currencies, this currency is known as crypto currency and is done in a distributed peer-to-peer that can be transferred instantly and securely between two people in the world.
SingAlong
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July 15, 2018, 03:16:35 AM
 #82

It is simply as this bitcoin uses blockchain to records all the data, information and transaction that was happening inside the bitcoin or between the two parties.it is the database and also decentralized and digitalized public ledger it ks widely used in business purposes and cryptocurrencies. While the bitcoin is the forum we are using right now. It is decentralized currency and it is used as a new payment system and money. It works independently without authorities.

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ankurguta87
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July 15, 2018, 06:22:28 AM
 #83

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.

blockchain is an encrypted distributed ledger that allows us to create an immutable log of all transactions while ensuring complete anonymity of the user. Each transaction is verified by a peer-to-peer network of systems called consensus. Whereas Bitcoin is a blockchain-based digital currency that allows us to anonymously execute a transaction online. It uses the blockchain technology as base for executing the transactions.
kukurikapu
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July 15, 2018, 06:37:32 AM
 #84

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.

In simple manner, bitcoin serves as a digital currency of course developed by Satoshi. On the other hand, all the transactions done with bitcoin are being recorded in a ledger-like called blockchain.
Destofe
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July 15, 2018, 07:40:16 AM
 #85

Bitcoin is a cryptocurrency, created and held electronically on your PC or in a virtual wallet. No one controls it or sees. It is decentralized so no person, institution or bank controls the currency.While block chain possesses the ability of having permanent records of the transactions the blocks (the name for their portions of value) are used for, and at any time people can see those changes. It is simply as this bitcoin uses blockchain to records all the data, information and transaction that was happening inside the bitcoin.
Lankabc
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July 15, 2018, 08:40:58 AM
 #86

 [[Bitcoin is a coin built on the blockchain,  while the blockchain is like a decentralized database with no owner.]]
I think you have explained this difference nicely yourself.  Smiley
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July 15, 2018, 09:01:56 AM
 #87

   bitcoin is one of the altcoin in cryptocurrency while blockchain is a decentralized system that process data electronicly through blockchain system.
seramania
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July 15, 2018, 09:04:44 AM
 #88

Bitcoin is a cryptocurrency, created and held electronically on your PC or in a virtual wallet. No one controls it or sees. It is decentralized so no person, institution or bank controls the currency.While block chain possesses the ability of having permanent records of the transactions the blocks (the name for their portions of value) are used for, and at any time people can see those changes. It is simply as this bitcoin uses blockchain to records all the data, information and transaction that was happening inside the bitcoin.
blockchain is a place for bitcoin to serve as a reference for improving bitcoin development. maybe for now many differentiate bitcoin and blockchain, but basically both are united and connected.

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Akinloye218
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July 15, 2018, 12:51:37 PM
 #89

BTCitcoin 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. BTCitcoin 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.
soros008
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July 15, 2018, 12:59:49 PM
 #90

Bitcoin is a cryptocurrency and this currency we can hold in digital format also blockchain is a website where all bitcoin transaction happen and also we can see all transaction details of bitcoin and other cryptocurrency basically we can say both are depend on each other blockchain bitcoin and blockchain both are valuable for crypto world.
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July 15, 2018, 01:13:38 PM
 #91

A Blockchain is a digital ledger which stores transaction details of Cryptocurrency. Since Bitcoin is a cryptocurrency its transaction details are stored on blockchain. This males bitcoin decentralized. Now Blockchain has other usage in digital world, but Bitcoin can only be used to Buy and Sell itself and other products as it has a value.
In simple word you need Blockchain technology for Bitcoin transaction and other cryptocurremcy, Without Blockchain Bitcoin and other cryptocurrency will have nil usage.

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ajoygb
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July 15, 2018, 01:57:43 PM
 #92

Bitcoin was created as a digital, decentralized currency, supported by technology that would ensure safety for its users by engaging its users directly - a role traditionally held by the banks. And  blockchain is not a cryptocurrency, nor does it necessarily imply cryptocurrencies - there are many other applications of blockchain-related technologies.
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July 15, 2018, 02:16:25 PM
 #93

one coin, another technology, but among ordinary users of bitcoin and blockchain, there is that it is the same thing and that bitcoin is the first blockchain, which for professionals is not.
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July 17, 2018, 05:50:22 AM
 #94

Bitcoin is a coin, a currency and blockchain is a technology, a database or we can say data structure to hold records about transactions.
Cynthia Andradee
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July 17, 2018, 03:28:48 PM
 #95

To get you a clearer idea about this, I'll show you the two definitions:
- A blockchain is a digitialzed, decentralized, public ledger of all cryptocurrency transactions.
- Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments
The relation between the two is that, the Blockchain technology is the backbone of Bitcoin and without the Blockchain Technology, Bitcoin wouldn't exist.
Brenda Karenn
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July 17, 2018, 03:41:23 PM
 #96

They are different like chalk and chese. While Blockchain is a technology, Bitcoin is cryptocurrency whose underlying technology is Blockchain. In other words, Bitcoin is the application of the Blockchain technology.
IndigoRed
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July 18, 2018, 02:19:59 AM
 #97

Clearly, blockchain and the bitcoin are not the same thing. Bitcoin just happens to be linked to the most powerful digital ledger, mainly because it was the first cryptocurrency and therefore got a head start on using its power. Blockchain truly, is the superior invention here as it chains bitcoin securely, allowing us to exchange coins and promoting transactions in a world fueled with so much distrust.
Susan Diass
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July 18, 2018, 02:43:20 AM
 #98

You can't compare Blockchain and Bitcoin. To compare two things, you need to make sure that it's same kind (for example no one will compare a rose wih a dog!). This is the case of Blockchain and Bitcoin. There are no differences between the two things 'cause they aren't one kind. Blockchain is technology while Bitcoin is a virtual money. The blockchain is the main technological innovation of Bitcoin. It's the relation, not difference.
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July 20, 2018, 11:03:26 AM
 #99

I found a good good article regarding this topic. Kind of manual Smiley Though it's quite old, but explained in a very clear and understandable way.
Actually, the distinction between Bitcoin and Blockchain should be comprehensible and not confused. Simply put, Bitcoin is a currency that runs within a decentralized network called blockchain.


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July 20, 2018, 12:56:45 PM
 #100

Bitcoin is a Crypto currency that was created in 2009 by Satoshi Nakamoto.  bitcoin is a coin created from Blockchain technology. Blockchain is only one thing that used to achieve decentralization
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