Hey guys, there are two different difenitions: Blockchain and Cryptocurrency. A lot of experts say that crypto is going to die soon but blockchain itself is a very useful technology. What do you think are they right? Do you think blockchain can exist without cryptocurrency?
The concept of blockchain is much broader than the concept of cryptocurrency. Blockchain is a technology and one of its uses is the creation of cryptocurrency. Therefore, the blockchain technology will exist without cryptocurrency, but the cryptocurrency without the blockchain technology cannot exist.
The blockchain technology is highly appreciated by all states, even those that do not recognize cryptocurrency and prohibit its circulation on its territory. The leader in issuing patents for the introduction of this technology is China, which limits the circulation of cryptocurrency so far. In China, more than six billion dollars have already been used to implement blockchain technology.