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Before Playing Digital Currency, You Must Understand the Difference of Blockchain and Bitcoin First

Written By Hanny & Melissa on Saturday, April 13, 2019 | Saturday, April 13, 2019

Most people are wrong now, where many say Blockchain is the same as Bitcoin. Actually both are different, but both are blockchain or bitcoin and altcoin are interrelated.

The Blockchain is a ledger record of all crypto transactions in the form of blocks that have been executed.

Transaction records in this ledger continue to grow because each block that has been 'completed' is added to it with a new set of recordings.

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Blocks are added to the blockchain linearly and chronologically. The Blockchain has a platform, and currently uses the Bitcoin protocol.

While, Bitcoin is a digital currency, this currency is known as crypto currency and is distributed in a peer-to-peer manner that can be transferred instantly and securely between two people in the world.

This is also like electronic / digital money that can be used to pay merchants or send money to friends or family

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In conclusion, the Blockchain and Bitcoin are part of Financial Technology that has rocked the banking world around the world, because they are more transparent and safer without being fully controlled by the government.

So you know what is the difference between blockchain and bitcoin, if you already know the difference between them, please play as much as you like bitcoin and altcoin, but still be careful because it might make you go bankrupt if you go wrong, happy playing...

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