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Author Topic: What is the relation of Bitcoin with Blockchain?  (Read 149 times)
Anamika143
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July 05, 2018, 12:31:32 PM
 #1

What is the use of all the blockchain in different countries of the world depends on Bitcoin? Except for Bitcoin, it is difficult or impossible to succeed in the blockchain.

We found that most of the blockchains were accepted by Bitcoin.
Expect your exact reasoning.
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mobnepal
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July 05, 2018, 12:39:52 PM
 #2

What you are asking here is really unclear, please elaborate and if you just want to learn what is blockchain and how it is used in making bitcoin transactions than few search will help you. There are hundreds of guides out there to explain complete newbie like you, in simple words blockchain is like backbone or skeleton of bitcoin network and blockchain technology can be used in different other sectors so its not all about anonymous payment system.
First77
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July 05, 2018, 12:41:42 PM
 #3

"Blockchain is a technology that allows anyone to send anyone else a piece of information, currency or data in a secure, transparent and anonymous way,"

Bitcoin was actually created for the purpose of decentralized peer to peer payments.
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July 06, 2018, 10:46:07 PM
 #4

Bitcoin is the decentralised crypto currency where no third party can interrupt and bitcoin runs through blockchain.
Elachious12
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July 06, 2018, 11:15:43 PM
 #5

Bitcoin and blockchain are interwoven because it operate on Blockchain technology which is decentralized, so without Blockchain Bitcoin will not exist freely
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July 07, 2018, 02:34:20 AM
 #6

Mainly the blockchain technology works as the backbone of bitcoin transactions. As the bitcoin was created for making decentralized peer to peer transaction, the blockchain allows the btc to do so.
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July 07, 2018, 01:47:07 PM
 #7

Blockchain is the technology which is used to trasfer cryptos from one to another. It is the decentralized system of transfering btc or cryptos from one peer to another peer.
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July 07, 2018, 01:53:32 PM
 #8

Why is everyone not explaining this clearly?

The relation with bitcoin or any other currency like ETH to blockchain is that blockchain act as if its the database of transactions of a coin or a token. Every altcoin or token has their own blockchain which lists the transactions being made by its users.  A newbie has to learn these because soon they will have to check their transactions on the ledger which bascially just the blockchain.

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farhiamunni
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July 07, 2018, 03:00:37 PM
 #9

Well, Bitcoin is related with blockchain technology. Blockchain tech allows to send anyone some kind of data of currency in a secure way. For this reason it is important for BTC. As BTC is a decentralized digital currency and a peer to peer payment system.
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July 07, 2018, 04:14:10 PM
 #10

bitcoin and blockchain this both are part of crytocurrency . blockchain used in many sector of cryptocurrency but with bitcoin the relation is bit direct you even can say blockchain is like a backbone of the bitcoin network system, and rest of the information you can have by study about this topics
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July 07, 2018, 04:20:44 PM
 #11

Obviously the OP is not a native English speaker and looks like we are lost in translation a little bit so I will try to explain this in the simplest way possible haha. Bitcoin is the cash and the Blockchain is the cash register. When you want to send cash to someone the cash register tells you how much you are sending, how much you are left with and records the transaction. Hope that helps  Grin

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July 07, 2018, 04:28:52 PM
 #12

I would explain the bitcoin and blockchain in relative terms to people and a vehicle.  If I am a passenger moving from destination "A" to "B" via a  public transport system. I can't possibly get to my destination without a taxi say which is the means of my transportation. In the above context, Bitcoin is the passenger, while the taxi is the blockchain. Bitcoin is useless with a blockchain; a means of transfer and record.

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July 07, 2018, 04:33:57 PM
 #13

They have a very close relationship with each other. Blockchain was first introduced in 2009 and the example that explain what is Blockchain is the Bitcoin, to illustrate how Blockchain works, the founders have shown us that how is Bitcoin move from one wallet to anothe. In other words, without Bitcoin, we can not see specifically how Blockchain works
There are many other platforms in Blockchain today, so if Bitcoin did not exist, Blockchain is still developing, but with other platforms (possibly Ethereum, etc.) Smiley
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July 07, 2018, 04:37:57 PM
 #14

What is the use of all the blockchain in different countries of the world depends on Bitcoin? Except for Bitcoin, it is difficult or impossible to succeed in the blockchain.

We found that most of the blockchains were accepted by Bitcoin.
Expect your exact reasoning.
Blockchain is a technology used by Bitcoin in performing various financial transactions, it can be said this is a central system that will process various financial transactions using Bitcoin. currently blockchain has begun to be applied in various systems in the world, some companies have even started to apply blockchain because in fact that blockchain has a superiority and security that is much better than other systems.

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July 07, 2018, 07:46:01 PM
 #15

Block chain was a great innovations based on this block chain tech is very important part of crypto market because its fully decentralize based on this yes btc is depended for block chain tech also this is very transparent transactions also dealing. So this system has good future.
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July 07, 2018, 08:37:01 PM
 #16

No blockchain = no bitcoin
No bitcoin = no blockchain
That is the way that it works on most of the scenarios, but i am more than confident in that bitcoin will remain in here for more than years, so we all should be proud about this new technology

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July 08, 2018, 05:23:20 AM
 #17

As we know, Bitcoin runs on decentralized system, and also Bitcoin is the first ever cryptocurrency which was made based on blockchain system. Based on its facilities, Bitcoin has always been one of the best cryptocurrencies, and it has caused the blockchain system to grow as well.
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July 08, 2018, 05:35:28 AM
 #18

Without a blockchain there should not be transactions on the pool, i mean, we could not make any transaction with our bitcoins because there would not be any place in where they are being stored. So no blockchain -> no bitcoin so far

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July 08, 2018, 05:47:50 AM
 #19

Obviously the OP is not a native English speaker and looks like we are lost in translation a little bit so I will try to explain this in the simplest way possible haha. Bitcoin is the cash and the Blockchain is the cash register. When you want to send cash to someone the cash register tells you how much you are sending, how much you are left with and records the transaction. Hope that helps  Grin

Pretty much sums up everything lol  Grin . Even if a person isnt a native nor 2nd or 3rd language english speaker, he can somehow explain what he wants to express regarding his post in an understandable way. But, what he posted clearly states that he has no idea what blockchain is and how It is connected with Bitcoin. As if he misused another word to express the relation with Bitcoin into blockchain.
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July 08, 2018, 05:59:59 AM
 #20

We found that most of the blockchains were accepted by Bitcoin.

This is an incorrect way to think about the relationship between blockchain and bitcoin. Bitcoin only "accepts", or more accurately "uses" one blockchain...that is the bitcoin blockchain.

A blockchain is a transaction verification process. Each system that conducts transactions (i.e., one cryptocurrency, one company, one social purpose) requiring the cryptography and transparency benefits of blockchain uses a single blockchain, it is the blockchain of the project at hand.

Let's us a cars and roads analogy. Cars are the transaction, roads are the system by which each transaction is transmitted. Think of the current use of blockchain as a closed circuit race track, it has one route and the cars drive around it, unable to reach a different road or track. This is what blockchain is to Bitcoin (and all other uses) to this point. Currently there is no way to co-mingle the "roads/tracks", i.e., blockchains. Some day this functionality will probably be possible, it's a natural direction for the evolution of the technology.

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