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Author Topic: difference between bitcoin and blockchain  (Read 426 times)
SingAlong
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July 21, 2018, 03:24:09 AM
 #101

There are some differences of bitcoin anf blockchain especially in their purpose and capabilities. Blockchain is made for bitcoin in order to records all the transaction and iformation between two parties and it is also called a database. Blockchain is a digital and public ledger. While bitcoin is the new electronic cash and paymebt system that are online. This bitcoin works independently without authorities and middlemen. The similarities of two they are both invented by the name Satoshi Nakamoto.

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yugyug
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July 21, 2018, 03:33:08 AM
 #102

Bitcoin referred as a digital money or internet money as payment for electronic transactions via online while blockchain is a the backbone of bitcoin transaction using distributed ledger technology for decentralization which means that the transactions can be viewed but no one can alter or destroy or owned it.

Simon241084
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July 21, 2018, 05:17:35 AM
 #103

Blockchain is a digital and public ledger. This Bitcoin operates independently without government or intermediaries. You can not compare Blockchain and Bitcoin. This is the case with Blockchain and Bitcoin. Blockchain is the technology while Bitcoin is the virtual currency. It's a relationship, not a difference.
dillpicklechips
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July 22, 2018, 02:06:45 AM
 #104

There are some differences between the two especially in their purpose and capabilities. Bitcoin is the forum we are using today, this bitcoin was made by Satoshi Nakamoto it introduced as the new payment system and kind of money. It is digital and decentralized currency that works independently without authorities. While the blockchain is being used in bitcoin forum it used as the database because it stored data and information. It is also called digital ledger because it records all the transactions between two parties. This blockchain was also made by Satoshi Nakamoto.

JiuMiBe
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July 22, 2018, 02:14:29 AM
 #105

The difference between bitcoin and blockchain that I know it is. bitcoin is a coin. blockchain is a technology. And bitcoin is created on the basis of blockchain technology.
Lazykarl
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July 22, 2018, 03:18:25 AM
 #106

 In simple words, Bitcoin is a crypto-currency proposed by Satoshi Nakamoto which makes electronic payments without any trusted-intermediaries. Blockchain technology was used as a backend of Bitcoin for maintaining the distributed transaction ledger in a peer-to-peer fashion which was anonymous and permissionless.
Simayi
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July 22, 2018, 07:48:38 AM
 #107

The blockchain is like a "mother", bitcoin is like a "child", but one thing is certain, the blockchain can generate a lot of cryptocurrency, but there is no way to create a blockchain with cryptocurrency!

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July 22, 2018, 08:14:33 AM
 #108

Hey buddy,

Blockchain is a ledger where records are stored against every single transaction of cryptos. On the other hand bitcoin on of those cryptos.

So, bitcoin is a currency and blockchain is a ledger technology where all data or transaction stored against bitcoin.

So don't mix up Currency and Technology like blockchain.
Sharon Borgess
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July 29, 2018, 10:46:04 AM
 #109

Blockchain same as database, is a primary archifier profile and value transaction. Recent as the third may be available on Blockchain. Bitcoin is a system build on Blockchain platform. Blockchain is not a building system on the Bitcoin platform.
Cebonk
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July 29, 2018, 01:30:03 PM
 #110

Sama-sama menghasilkan uang.
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