Bitcoin Vs Blockchain
by SMEBOOK (admin) · October 16, 2020
Blockchain is the primary technology behind the existence of Bitcoin. In other words, Bitcoin or other cryptocurrencies are a one of the applications of Blockchain Technology. A few other differences between Bitcoin and Blockchain can be stated as:
- While Blockchain involves much more than transacting currency like transfer of information and data, property ownership rights etc. Bitcoin is restricted to only currency related transactions.
- Blockchain technology is strictly build to promote transparency. Bitcoin is less rigid in terms of transparency.
- Blockchain has a wider scope. Bitcoin is a byproduct of Blockchain technology.