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Author Topic: BlockChain VS Bitcoin  (Read 1057 times)

Munareal

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BlockChain VS Bitcoin
« on: February 01, 2018, 11:29:02 am »
The block chain is the main innovation of Bitcoin.Can you love blockchain and not like bitcoin?

https://qz.com/1148361/budget-2018-indias-government-wants-to-kill-bitcoin-but-it-loves-blockchain/


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BlockChain VS Bitcoin
« on: February 01, 2018, 11:29:02 am »


mu6m0r0k

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Re: BlockChain VS Bitcoin
« Reply #1 on: February 04, 2018, 10:47:16 pm »
Yes, i love the blockchain technology and the principles behind it but that does not mean that I'm big fan of bitcoin. If you think about it, blockchain means decentralized storage space, nothing more than that. Every transaction is nothing more than the next object in a json file, object which can store only address with the amount of coins it is holding and history of every transaction from and to the given address or you can store bigger things like photos as an example.  The only thing that prevents the transfer of bigger files is the broadband network speed.
Now for bitcoin - this is the first coin with the first blockchain but that does not mean that it is the best one. At the moment there is nothing that makes bitcoin unique save that it is the first and many of the first people using crypto have interest to inflame the hype. Bitcoin have slow transaction time (around 10 min to 20 sec for eth and 4 sec for cardano), high transaction fee, it is using big amount of resources worldwide (the miners and the asic mining which reward the use of asic chips who can only be used for mining unlike the gpu miner rigs used for eth which basically are just computers) because the PoW algorithm (eth will go to PoS)  and the only thing that bitcoin can be used for is for money storage and even that is questionable.

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Re: BlockChain VS Bitcoin
« Reply #1 on: February 04, 2018, 10:47:16 pm »

Paulomits

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Re: BlockChain VS Bitcoin
« Reply #2 on: February 04, 2018, 11:13:48 pm »
Bitcoin is good, but its Proof-of-Work algorithm is getting quite e out of hand. If other algorithms could be used, then there's no stopping for it.

benres

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Re: BlockChain VS Bitcoin
« Reply #3 on: March 26, 2018, 04:27:33 pm »
Bitcoin will always be the genuine cryptocoin, it was developed as a store for value and indeed the future of Bitcoin is more valuable than gold, Bitcoin will always be a a part of the Blockchain without one of them they are worthless!

sergio444

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Re: BlockChain VS Bitcoin
« Reply #4 on: April 04, 2018, 11:30:39 pm »
No blockchain technology, i bet no bitcoin. And no bitcoin, where the hell would you have gotten $19k. I like the technology but loves the one that brings me money

Analyst

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Re: BlockChain VS Bitcoin
« Reply #5 on: April 11, 2018, 04:16:01 pm »
Blockchain technology will survive even if cryptos die out.

zandra

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Re: BlockChain VS Bitcoin
« Reply #6 on: April 14, 2018, 09:29:27 am »
The block chain is the main innovation of Bitcoin.Can you love blockchain and not like bitcoin?
Yes of course blockchain will continue even if we dont have bitcoin I love blockchain because its trying to solved many problems.

https://qz.com/1148361/budget-2018-indias-government-wants-to-kill-bitcoin-but-it-loves-blockchain/

JanneSphere

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Re: BlockChain VS Bitcoin
« Reply #7 on: April 18, 2018, 07:57:04 am »
Bitcoin is not equal to blockchain, and blockchain is not the same as bitcoin. you can support blockchain, but to be against bitcoin.

Stormyblue

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Re: BlockChain VS Bitcoin
« Reply #8 on: May 19, 2018, 05:03:16 am »
The block chain is the main innovation of Bitcoin.Can you love blockchain and not like bitcoin?

https://qz.com/1148361/budget-2018-indias-government-wants-to-kill-bitcoin-but-it-loves-blockchain/
Bitcoin is integrated on Blockchain technology. Bitcoin therefore shares in the features of Blockchain technology but Blockchain technology will exist and survive without Bitcoin. Blockchain technology record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks. So Bitcoin like other Cryptos is a record on the technology
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