What is Blockchain vs what is Bitcoins?
Today mostly people think about Blockchain and Bitcoin and finally they say both are same. But blockchain is the ledger of bitcoin first time bitcoin started from the blockchain.
Blockchain is the technique or platform where we can store a file like a digitally and bitcoin is a digital currency we can sell and buy digitally on the internet. But no value in real life without internet.
Blockchain can store a file in one time on multiple system so its very tough to hack. Blockchain are connected with many block and all block contains hash value.
Blockchain can be use in different technique like voting, medical, bank.Normally if we want to send money to other person then required third person but blockchain remove the third party like bank paypal.
How blockchain remove third party involvement?
How blockchain remove intermediate?
Normally we are sending money to other person then every record transaction details keeping in server and this can be read and can be change . During transaction he ask for transaction tax due to involvement of bank or third party. now let's come on the main topic if we are using blockchain technique and sending digital currency like bitcoin to other person then no any details are storing in single server it store in many computer no any can change or modify this payment and it is instant payment method. this transaction can see all people but no one can change or delete.
In gov section if gov sending money in disaster area through blockchain technique it is visible so less chance to grab third party.
so it say no corruption.
Bitcoin.
Bitcoin is the digital currency it is generated by mining means simply take one example of gold mining first dig the earth and collect ore and then send for other process same thing in bitcoin in bitcoin mining single block are mining and it is mine on per second hash rate. Only limited no of bitcoin can be generated it price is dependent on market demand in year 2005 bitcoin price is only some hundred rupees but now it is in 625 dollar.
Today mostly people think about Blockchain and Bitcoin and finally they say both are same. But blockchain is the ledger of bitcoin first time bitcoin started from the blockchain.
Blockchain is the technique or platform where we can store a file like a digitally and bitcoin is a digital currency we can sell and buy digitally on the internet. But no value in real life without internet.
Blockchain can store a file in one time on multiple system so its very tough to hack. Blockchain are connected with many block and all block contains hash value.
Blockchain can be use in different technique like voting, medical, bank.Normally if we want to send money to other person then required third person but blockchain remove the third party like bank paypal.
How blockchain remove third party involvement?
How blockchain remove intermediate?
Normally we are sending money to other person then every record transaction details keeping in server and this can be read and can be change . During transaction he ask for transaction tax due to involvement of bank or third party. now let's come on the main topic if we are using blockchain technique and sending digital currency like bitcoin to other person then no any details are storing in single server it store in many computer no any can change or modify this payment and it is instant payment method. this transaction can see all people but no one can change or delete.
In gov section if gov sending money in disaster area through blockchain technique it is visible so less chance to grab third party.
so it say no corruption.
Bitcoin.
Bitcoin is the digital currency it is generated by mining means simply take one example of gold mining first dig the earth and collect ore and then send for other process same thing in bitcoin in bitcoin mining single block are mining and it is mine on per second hash rate. Only limited no of bitcoin can be generated it price is dependent on market demand in year 2005 bitcoin price is only some hundred rupees but now it is in 625 dollar.
Blockchain vs Bitcoin
Reviewed by allvsall
on
July 31, 2019
Rating:
Reviewed by allvsall
on
July 31, 2019
Rating:
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