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erox
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September 18, 2018, 02:45:18 PM |
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I think that coins are the first and obvious use of blockchain technology, but its potential is much deeper.
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mikyadel
Full Member
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Activity: 448
Merit: 100
Arabic Translator
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September 23, 2018, 10:07:26 AM |
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blockchain is the evolutionary technology we are looking to , cryptocurrency is just a form where this technology can be implemented .
people have to know the difference between them if we want this field to grow and expand , blockchain technology has already proved it power especially in bank domain , we hope soon we see other application of this technology in real life.
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hall16
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September 23, 2018, 10:44:48 AM |
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“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.” - Don & Alex Tapscott, authors Blockchain Revolution (2016)
Essentially, blockchain is a decentralized technology. It is a shared, immutable ledger that lets us record the history of transactions. By establishing trust, accountability and transparency, it transforms the way we carry out transactions and can be adapted to virtually any contract, deed or payment. Whereas cryptocurrencies are basically just digital money, digital tools of exchange that use cryptography and the blockchain technology to facilitate secure and anonymous transactions.
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Cacaparg
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September 23, 2018, 11:54:14 AM |
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Yes it is absolutely brilliant statement, cryptoindustry brought to the world blockchain technology, community, philosophy which can change the world
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waser12
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September 23, 2018, 12:10:57 PM |
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Blockchain allow to transfer cryptocurrencies that why this terms can not be equal and comparable.
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tungaqhd
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September 23, 2018, 12:11:49 PM |
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Yes, cryptocurrency is just a product of blockchain technology
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active706
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September 23, 2018, 03:18:59 PM |
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Crypto it`s electronic currency, this is like money at all. Blockchain - it`s decentralized technology, which can be used in different spheres. Crypto also basics on the blockchain, but blockchain can be used not only in crypto.
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BZingerB
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September 23, 2018, 08:19:38 PM |
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I expect the acceptance of the crypto currency by the modern world for 3-5 years already. The world will use the crypto currency as the main tool for calculating and calculating
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dgoswami12
Copper Member
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September 23, 2018, 08:25:39 PM |
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Yes this is right Blockchain technology is not just cryptocurrency it is something bigger than that . The best part is decentralization , you are your own boss here. I love blockchain technology so much for that. I think in near future all people will understand Blockchain is not just about Bitcoin and they will adopt blockchain technology.
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Neutro ❱❱❱ More than a blockchain |
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Camster
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September 23, 2018, 08:29:21 PM |
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Some people says Blockchain is bigger cryptocurrency? The concept of cryptocurrency is electronic currency, while the concept of blockchain is transparency with my own little understanding about blockchain and cryptocurrency...
What is your own opinion on this?
Correct. Crypto Currency is just one thing you can do on the blockchain. As time grows and technology advances the dapps that can be created using the blockchain can be revolutionary. We just need time and patience for this to all unfold. Most of the best programmers in the world probably are not working on this right now. Wait till the shift happens. |
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Samkol26
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Bountyhive.io
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September 23, 2018, 08:57:19 PM |
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It od correct that blockchain is bigger than cryptocurrency. This is because cryptocurrency is based on blockchain and it can't do without the blockchain.
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GucciGangClub
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September 23, 2018, 09:24:23 PM |
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In general, Blockchain became popular due to cryptocurrencies, but I think that the Blockchain is much broader as a concept.
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Aligab166
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September 23, 2018, 09:27:59 PM |
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Some people says Blockchain is bigger cryptocurrency? The concept of cryptocurrency is electronic currency, while the concept of blockchain is transparency with my own little understanding about blockchain and cryptocurrency...
What is your own opinion on this?
This is very true. The blockchain itself is bigger and greater than cryptocurrency. It is far beyond cryptocurrency as crypto is just an aspect of the decentralized features of the blockchain technology. |
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Crypdon
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September 23, 2018, 09:39:55 PM |
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Both go hand in hand in that the blockchain brings transparency which is something governments will hate. Cryptocurrency will economise the blockchain, again something that the governments will hate. All in all, this is a damn good movement!
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Baofeng
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September 23, 2018, 09:53:42 PM |
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Some people says Blockchain is bigger cryptocurrency? The concept of cryptocurrency is electronic currency, while the concept of blockchain is transparency with my own little understanding about blockchain and cryptocurrency...
What is your own opinion on this?
Blockchain is the technology behind some well-known coins right now. Its a distributed ledger wherein data is immutable (cannot be altered), could be public or private blockchain. With that said, different sectors or companies can take advantage of this technology so yes, blockchain could be the next big thing that will really impacted not just crypto but the whole global industries (manufacturing, banking systems, military, health and science and others). But it doesn't mean the government loves blockchain, them will also adopt crypto though, its different so don't be surprise hearing countries like China having blockchain conferences and spreading the word how good blockchain is but totally going hostile against crypto. |
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Abal Abal
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September 23, 2018, 09:57:29 PM |
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Some people says Blockchain is bigger cryptocurrency? The concept of cryptocurrency is electronic currency, while the concept of blockchain is transparency with my own little understanding about blockchain and cryptocurrency...
What is your own opinion on this?
actually this kind of tickles me, Blockchain is definitely bigger than cryptocurrency, because all crypto use Blockchain technology. |
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minime0105
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September 23, 2018, 10:06:51 PM |
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I agree with the author. In my opinion too, blockchain has much more potential beyond the cryptocurrency system. It's potential is immeasurable in terms of what it can achieve for our society. We will soon see this development.
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hummer113
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September 23, 2018, 10:09:51 PM |
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If the blockchain gets rid of its shortcomings, then in the future I think more companies will be able to use it, the fields of application are very different, look at the variety of ICO.
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KevinHD
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September 23, 2018, 10:30:15 PM |
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One thing that make that statement wrong is Blockchain technology is nothing without the prescence of cryptocurrencies, and so do cryptos are nothing with Blockchain. Although yes it is indeed bigger, but those two are on different field in terms of use and description.
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dddudidd
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September 23, 2018, 10:31:26 PM |
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Some people says Blockchain is bigger cryptocurrency? The concept of cryptocurrency is electronic currency, while the concept of blockchain is transparency with my own little understanding about blockchain and cryptocurrency...
What is your own opinion on this?
Your opinion is all right, and I have the same reasons as you. but that's just a small conclusion that we argue for ourselves, but I think blockchain is very broad, and there are still few people who know blockchain comprehensively even though he has been practicing it from 1-2 years ago. the point is we keep learning about blockchain and cryptocurrency even harder |
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