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What is the difference between Bitcoin and Blockchain?
We still get a lot of people confusing blockchain and bitcoin so in today’s article we are going to look at what differentiates them.
While Bitcoin and Blockchain are closely related, they are in no way the same thing. If you want to know more about cryptocurrencies, then read on.
In super-simple terms — Blockchain is the technology and Bitcoin is the initial application of that technology.
What is Blockchain?
Blockchain is an open and distributed ledger that is stored across several computers, thus making it decentralized. In simple language think of Blockchain as a computer file that is used to store data. It is almost impossible to cheat the system, the transactions on Blockchain are very transparent and secure. Decentralization is the most transformative aspect of Blockchain. Since there is no central point, the hackers have no target to aim for. It is made up of three important…
