bitfocus
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December 11, 2018, 01:20:34 PM |
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Yes, crypto is just a bi-product of the Blockchain.
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dothebeats
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December 11, 2018, 01:20:47 PM |
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Of course, since blockchain is just, in essence, a database and a ledger, storing information within its chains of block. It does not necessarily need to mint a token/coin in order to use the tech as production of new data in the process could form chains of blocks of data, too. It can be implemented wherever viable, and a secure way of handling data and validation, too that's why some banks, countries and institutions are already exploring the possibilities for blockchain applications.
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kryptqnick
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December 11, 2018, 05:48:58 PM |
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Sorry for this naive question. But I always have this doubt in my mind. In my opinion, it should not since Blockchain is engine and Cryto is fuel. Anyhow, I am afraid that I might be wrong.
Cryptocurrency in this Cryptonomics seems promising but lacking of adoption I would need more advice from your guys.
Cryptocurrencies are just one application of blockchain, and if all cryptocoins get banned the technology will survive, because the application it has is huge. Blockchain offers a new and revolutionary way to manage databases, so, with or without cryptocurrencies blockchain has come to stay with us. I agree with this. Blockchain is known mainly as a cryptocurrency technology, but its applicability is far from being limited by cryptos. Sure, if people stop using cryptos, the interest to the technology would probably go down as well since that's how blockchain was introduced in the first place. Nevertheless, there've been already cases of rejecting existing cryptos and welcoming blockchain technology by various companies. I think that it's sad that this technology is not explored enough. This new way of storing date could have an infinite amount of application. Cryptos are important, but blockchain is a lot more than them. We tend to ignore it while consentrating on price dynamics.
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TusharMali99
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December 11, 2018, 06:02:56 PM |
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Sorry for this naive question. But I always have this doubt in my mind. In my opinion, it should not since Blockchain is engine and Cryto is fuel. Anyhow, I am afraid that I might be wrong.
Cryptocurrency in this Cryptonomics seems promising but lacking of adoption I would need more advice from your guys.
Yes Blockchain will survive as Cryptocurrency is an application of Blockchain technology. Blockchain technology Has several use cases, among which are general administration, medical record-keeping, education system, and digital identity cards etc.
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jatin729
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December 11, 2018, 06:08:55 PM |
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According to me it will survive because Crypto currency is one the application of blockchain technology. It is not limited on crypto only. we have many projects are being in developing phase in many sectors i.e. Logistics and supply chain management, storing personal data, media industry etc... But i have one question in my mind as we know blockchain require miners for confirming block, and now miner get some crypto as mining reward if there is no crypto than how miner will get reward ?
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mayax
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December 11, 2018, 06:29:31 PM |
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Blockchain = a data base and nothing more.
a data base can be used for many, many, many things... other than a cryptoshit transaction.
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yrrehc16
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December 11, 2018, 07:05:01 PM |
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Yes, it will survive, blockchain is an upgraded thing of saving file in the community we can't stop it. though cryptocurrency is all about the demand from the people so we don't know. but! if we will be smart we do know what we will do!
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Wingleness
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December 11, 2018, 07:13:29 PM |
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The Blockchain Technology brought in the knowledge and concept of cryptocurrencies thus I don't think blockchain technology can fully survive without cryptocurrencies.
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arnelandvik
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December 11, 2018, 07:15:25 PM |
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I think it's more of a yes, rather than no. The blockchain technology could be implemented in different spheres. Nowadays IT technologies keep on developing pretty rapidly. I suppose once the transport system and airlines could completely be switched to the blockchain. As far as I know, such discussions occurred last year
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Bonsaiav
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December 11, 2018, 08:09:21 PM |
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I think cryptocurrency is the only technology that is feasible and appropriate to run and place above the blockchain network. When viewed from the side of its performance, the collaboration is both very harmonious and perfect thus making both of them far from a significant negative gap. Sorry for this naive question. But I always have this doubt in my mind. In my opinion, it should not since Blockchain is engine and Cryto is fuel. Anyhow, I am afraid that I might be wrong.
Cryptocurrency in this Cryptonomics seems promising but lacking of adoption I would need more advice from your guys.
True, most state organizers prefer to adopt blockchain technology rather than crypto currencies which they consider to be detrimental to the banking sector. But over time, blockchain technology seems to have undergone development and changes in usage meaning that it's not just crypto, but can also be used for the benefit of other sectors, for example: banking transactions, ticket sales, correspondence and automotive companies producing spare parts vehicles.
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felicita
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December 11, 2018, 08:19:01 PM |
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yes i guess it can survive be course its still involved in many other technology's then Currency's. As blockchain is a great database its still used to store info for firms and in other businesses .
regards
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Wingo
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December 11, 2018, 09:12:04 PM |
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It is possible, IBM is developing blockchain PoCs for company use. Reference: https://hackernoon.com/is-there-a-chance-for-blockchain-without-cryptocurrencies-2e6afa924549Cryptocurrencies were just used in order to incentivise the people who works for the growth of the crypto community, to reward miners, and usually for ICOs in order to raise funds. Cryptocurrencies are not the only product of blockchain technology it just became too mainstream because some cryptocurrencies increased great in value overtime.
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Al-e_x
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December 11, 2018, 10:33:42 PM |
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crypto does not create blockchain, but, the blockchain creates crypto, and then blockchain and crypto cannot be separated.
but, crypto will not work without the blockchain, because crypto transactions will create a new block.
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Emilyp
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December 11, 2018, 10:56:28 PM |
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In the affirmative, blockchain is the technology and it's not dependent on cryptocurrency for survival, instead cryptocurrency depend on blockchain.
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TopT3ns
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December 12, 2018, 04:54:47 AM |
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I think blockchain will survive because crypto who adopt it and not blockchain need crypto. Even in this world, almost everything adopt blockchain because it's technology. That is why even no crypto, blockchain will still exist.
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bayu7adi
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December 12, 2018, 06:13:54 AM |
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Cryptocurrency is a product of the blockchain, this digital currency utilizes blockchain technology to get more security at the time of the transaction the blockchain is like a heart while cryptocurrency is like a pair of legs
so the answer is yes, the blockchain will be able to survive without cryptocurrency
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beatzcoin123
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December 12, 2018, 06:30:25 AM |
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The answer is NO, yes i will agree not all blockchain project has a token, but the blockchain technology though will survive but not for too long without crypto currency. The main reason the blockchain technology is gaining adoption may be traceable to crypto currency.
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Shatterlean22
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December 12, 2018, 08:20:35 AM |
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If cryptocurrency doesn't survive blockchain will, but I guess its too late for that now because many good works and projects are already running on blockchain technology excluding tokens that's actually making cryptocurrency lose face.
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dr.hopkins
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December 12, 2018, 08:26:52 AM |
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Of course yes! Cryptocurrencies are only the tip of the iceberg. The blockchain technology is a breakthrough in information security. I'm sure that this is onle the begining.
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canadian33
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December 12, 2018, 08:55:26 AM |
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No one really knows. I can assume that yes
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