2021-05-26 17:55:59
Many people still wrongly define Cryptocurrency and
Blockchain.
To help clarify what is meant by these terms, let us return to our comparative post series and explain the main differences between them:
Cryptocurrency is a new form of digital asset; Blockchain is the technology behind the Cryptocurrency.
Cryptocurrency is digital money transferred by Blockchain; Blockchain is a digital ledger of transactions.
Cryptocurrency is digital money whereby you can invest, buy goods and exchange them for other crypto or fiat assets; Blockchain has many different applications beyond cryptocurrency such as voting, supply chain management, education, traceability and many others.
'Crypto' refers to the cryptographic techniques used to secure the economic system; Blockchain takes its name from the way records are organized: a chain of linked blocks.
Remember that you can still expect new comparative posts on BTCV social media accounts, so stay tuned for more!
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