Differences between Blockchain and Cryptocurrency

[jennysmith]

✅ Blockchain and Cryptocurrency have become hot topics in the last couple of years. Whilst the two are often referred to in the same sentence and are clearly linked to each other, one should never mistake one for the other.

✅ Blockchain is the platform that brings cryptocurrencies into play. The Blockchain is the technology that serves as the distributed ledger that forms the network. This network creates the means for transacting and enables transferring of value and information.

✅ Cryptocurrencies are the tokens used within these networks to send value and pay for these transactions. Furthermore, you can see them as a tool on Blockchain, in some cases serving as a resource or utility function. Other times they are used to digitize the value of an asset.

✅ Blockchain serves as the basis technology, in which Cryptocurrency is a part of the ecosystem. They go hand in hand, and Crypto is often necessary to transact on a Blockchain. But without the Blockchain, we would not have a means for these transactions to be recorded and transferred.

[Fenix]

Cryptocurrency is one of the products of blockchain technology. Therefore, the technology of the blockchain concept is much broader than the concept of cryptocurrency. Blockchain technology is also much wider in scope. It can be used in almost all branches of human activity. Cryptocurrency is only finance ...

[WhiskeyHoney]

Blockchain and crypto exchange are two different things. I mean, how can someone accidentally mix them up, or not understand how they differ from each other?

[Gosta]

Blockchain is great technology.. Crypto is nothing...