Blockchain and Bitcoin are two such words which are often used conversely. There is a misconception that both are the same technologies. Of course, they are very much related but they are not the same, they are different from each other. Blockchain’s very first application was Bitcoin. Bitcoin is nothing but a cryptocurrency. In fact, bitcoin is powered by blockchain. The term cryptocurrency is a kind of digital currency. We can use this cryptocurrency as digital money. There are many cryptocurrencies available such as Litecoin, Monero, Ether, ZCash etc., which are also very popular, but ‘Bitcoin’ is the most popular one. When you do some deep study of Bitcoin you will come to know that the word Bitcoin has several elucidations. The word bitcoin starting with a small letter ‘b’ represents token or the digital currency. Whereas, the word Bitcoin with capital letter ‘B’ represents the blockchain network that maintains a ledger for the digital currency ‘bitcoin’.
Bitcoin allows you to trcontinue reading →