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Author Topic: Is Bitcoin equal Blockchain?  (Read 655 times)
minersday
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October 11, 2019, 10:24:22 AM
 #41

Is Blockchain equal Bitcoin?

Blockchain is never the same or equal to Bitcoin. Blockchain is like the system in which controls and keeps record on data or information stored in it.  Bitcoin on the other is just a digital representation of currency which uses the blockchain system as the central brain control how it is stored and transact from user to another. Bitcoin can never operate without Blockchain, whiles blockchain on it own can fully function as a data ledger. 
rijaljun
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October 11, 2019, 12:38:56 PM
 #42

This made me remember when my friend asked my which one is the more important, Bitcoin or Blockchain.

Without blockchain, Bitcoin won't be enough decentralized. Meanwhile without bitcoin, blockchain would never be known well by most people.

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Lizzylove1
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October 11, 2019, 01:07:52 PM
 #43

Bitcoin is digital gold that runs on the technology called the blockchain. It was necessary for bitcoin to run on the blockchain because the technology is tampered proof, and transactions on it are immutable. Blockchain spreads across various works of lives.

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October 11, 2019, 04:25:25 PM
 #44

Without blockchain, Bitcoin won't be enough decentralized. Meanwhile without bitcoin, blockchain would never be known well by most people.
Just because some crypto coin utilizes the blockchain doesn't make it secure or popular---a lot of coins have been attacked because of how insecure their networks are. It's a massive single point of failure.

Bitcoin is known for its immensely powerful network---security that helps maintain its data integrity. I haven't seen many people praise Bitcoin because of it being a blockchain. People value Bitcoin's network.

Blockchain is a buzzword to help businesses and scammers attract capital. I have never liked the idea behind a whole blockchain industry. It's 95% hype and 5% utility. One day that hype will lose its momentum....

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October 11, 2019, 06:19:26 PM
 #45

Without blockchain, Bitcoin won't be enough decentralized. Meanwhile without bitcoin, blockchain would never be known well by most people.
Just because some crypto coin utilizes the blockchain doesn't make it secure or popular---a lot of coins have been attacked because of how insecure their networks are. It's a massive single point of failure.

Bitcoin is known for its immensely powerful network---security that helps maintain its data integrity. I haven't seen many people praise Bitcoin because of it being a blockchain. People value Bitcoin's network.

Blockchain is a buzzword to help businesses and scammers attract capital. I have never liked the idea behind a whole blockchain industry. It's 95% hype and 5% utility. One day that hype will lose its momentum....
I believe that everything will depend on in which area of ​​human activity blockchain will be used.  The results will depend on this, and Bitcoin is already losing its popularity today, and it is quite possible that it will be quickly replaced by other cryptocurrencies, such as Ethereum, which have indicators much higher.
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October 11, 2019, 07:42:34 PM
 #46


No. Bitcoin cannot stand alone without blockchain since without the said technology, bitcoin is just a series of algorithms put together but of no use in reality. Whereas blockchain can be a stand-alone tech integrated into some other program/systems and help record data by putting it all together in a block forming a series of chains. Essentially, bitcoin is not bitcoin without blockchain but blockchain can be a blockchain even without bitcoin.
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We all know that bitcoin is our future right now. Many people think if bitcoin and blockchain are the same? Bitcoin is a cryptocurrency that many people are kow using it and because of that we earn some money out of it  Blockchain is a technology that connects with other people through internet.

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October 11, 2019, 07:50:43 PM
 #47

No not at all Bitcoin is not blockchain. Bitcoin is merely a currency created over blockchain. Blockchain is too vast and immensely useful for everyone. It's much more than merely being a currency it's a technology which supports mining of blocks for transmission of data over an interconnection of blocks. Now this data could be anything. Many companies are trying to develop techniques to store our daily use data over the chain and make it's transmission more fast and secure. Actually the best thing about blockchain is that it is a P2P settlement method without need of high infrastructure to either of the peer. So this technology can really prove to be radical.
bright4mech
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October 11, 2019, 08:50:01 PM
 #48

Bitcoin and Blockchain are equal to one, because bitcoin cannot be function without Blockchain and also Blockchain cannot have a value without Bitcoin, Hence BTC is an asset of blockchain.
rijaljun
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October 12, 2019, 02:35:45 AM
 #49

Just because some crypto coin utilizes the blockchain doesn't make it secure or popular---a lot of coins have been attacked because of how insecure their networks are. It's a massive single point of failure.

If it's not popular then people won't use it for their business, either their business is a scam or legit, this is also supporting your own words, that :

Blockchain is a buzzword to help businesses and scammers attract capital. I have never liked the idea behind a whole blockchain industry. It's 95% hype and 5% utility. One day that hype will lose its momentum....

Scammers won't be able to attract people if blockchain doesn't look enough secure, popular or whatever it is

Bitcoin is known for its immensely powerful network---security that helps maintain its data integrity. I haven't seen many people praise Bitcoin because of it being a blockchain. People value Bitcoin's network.

You are right, in this matter. Still, none of us can'r deny the fact that Bitcoin is using blockchain, Bitcoin has its on blockchain.

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October 12, 2019, 07:50:37 AM
 #50

In my opinion blockchain and bitcoin are actually not much different, blockchain is a decentralized technology that has many advantages including blockchain having transaction records (blocks) and there are also some other blockchain features such as decentralization, transparency and others while bitcoin is a cryptocurrency that runs blockchain and bitcoin technology is also the first and not decentralized cryptocurrency.

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October 12, 2019, 11:48:19 AM
 #51

Obviously, no, bitcoin is not the same as blockchain. Blockchain is the technology behind bitcoin, while bitcoin is a type of cryptocurrency which we all know is the most dominant and popular cryptocurrency available. Blockchain technology is complex to teach here, better research about it. Try to research so that all your questions would be answered properly.

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