What is the difference between Bitcoin and Blockchain?
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Type | Cryptocurrency (Digital Currency) | Technology (Distributed Ledger) |
Purpose | Medium of exchange, investment, store of value | Secure, transparent, and decentralized transaction system |
Nature | Digital currency based on blockchain technology | Technology used to store and verify transactions |
Main Use | Buying goods, services, and trading | Storing data securely, enabling decentralized transactions |
Decentralization | Yes, peer-to-peer network | Yes, distributed across multiple nodes |
Creation | Created by Satoshi Nakamoto in 2008 | Introduced in 2008 as the underlying tech behind Bitcoin |
Supply | Limited supply (21 million Bitcoins) | Unlimited use in various industries |
Security | Secured through Proof-of-Work consensus mechanism | Secured through cryptographic hashing and consensus protocols |
Examples of Use | Buying and selling goods/services, investment, trading | Digital records, smart contracts, secure data sharing |
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