What’s the Difference Between Blockchain, Cryptocurrency & Bitcoin?

What’s the Difference Between Blockchain, Cryptocurrency & Bitcoin?

The crypto industry is full of technical terms that can be overwhelming for beginners to understand. Many people often relate cryptocurrency to Bitcoin without knowing thousands of other cryptocurrencies exist.

On the other hand, some people equate cryptocurrency to blockchain. However, blockchain is the technology behind cryptocurrencies, including Bitcoin. Similarly, cryptocurrencies are digital currencies that you can utilize, like fiat currencies.

However, cryptocurrencies work differently from fiat currencies as they use cryptographic techniques to validate crypto transactions on the blockchain network. Let’s dive deep into these three commonly used technical terms in the crypto industry — Blockchain, Cryptocurrency, and Bitcoin.

Avsnitt(76)

What is Kaspa & How it Works

What is Kaspa & How it Works

Kaspa is unique and a step ahead of other traditional cryptocurrencies by solving the trilemma faced by traditional cryptocurrencies — security, scalability, and decentralization. Kaspa achieves that ...

24 Maj 20248min

What is Merged Mining & How it Works?

What is Merged Mining & How it Works?

Merged mining is an innovative method of mining two or more cryptocurrencies simultaneously without compromising the mining performance. Thus, a miner can utilize computational power to mine multiple ...

20 Maj 20246min

 How Dogecoin stands out in the crypto world.

How Dogecoin stands out in the crypto world.

Dogecoin is a cryptocurrency that was started as a meme and fun alternative to traditional cryptocurrencies like Bitcoin, Ethereum, etc. Developed by Billy Markus and Jackson Palmer, Dogecoin got its ...

16 Maj 20247min

What is a Hard Fork?

What is a Hard Fork?

A hard fork is a software upgrade that has to be implemented by a blockchain. The enhancements that come with the hard fork’s new protocol are often incompatible with the existing blockchain protocol,...

14 Maj 20245min

What is the Kadena Algorithm?

What is the Kadena Algorithm?

Kadena is a scalable Layer-1 on the Proof-of-Work (PoW) blockchain, designed to address the existing challenges of traditional blockchain networks — scalability, security, and decentralization. Develo...

14 Maj 20247min

What is Blake2b Algorithm & Top Blake2b Coins to Mine

What is Blake2b Algorithm & Top Blake2b Coins to Mine

Blake2b is a cryptographic hash function based on the Blake algorithm. To be precise, Blake2b is a modified version of Blake. Designed by Jean-Philippe Aumasson, Luca Henzen, Willi Meier, and Raphael ...

14 Maj 20248min

What is Alephium (ALPH) & How Does It Work?

What is Alephium (ALPH) & How Does It Work?

Alephium (ALPH) is a layer one blockchain addressing the drawbacks of traditional blockchains like scalability, programmability, decentralization, and security. Alephium uses an innovative algorithm, ...

14 Maj 20246min

How to Mine Bitcoin

How to Mine Bitcoin

Bitcoin mining is a technical process that requires miners to solve complex cryptographic puzzles to validate transactions. Miners often need an advanced ASIC(Application-Specific Integrated Circuit) ...

14 Maj 202410min

Populärt inom Teknik

uppgang-och-fall
market-makers
elbilsveckan
bilar-med-sladd
rss-elektrikerpodden
rss-veckans-ai
skogsforum-podcast
rss-laddstationen-med-elbilen-i-sverige
natets-morka-sida
bosse-bildoktorn-och-hasse-p
bli-saker-podden
rss-uppgang-och-fall
rss-en-ai-till-kaffet
developers-mer-an-bara-kod
rss-digitala-influencer-podden
rss-it-sakerhetspodden
rss-fabriken-2
rss-sogeti-sweden-podcasts
rss-powerboat-sverige-podcast
rss-ai-med-katarina-gospic-och-viggo-cavling