Can I buy Bitcoin blockchain?

Bitcoin is powered by blockchain technology, but blockchain has found many uses beyond Bitcoin . Bitcoin promotes anonymity, while blockchain is about transparency. To be applied in certain sectors (particularly banking), blockchain has to meet strict Know Your Customer rules.

All you need is a verifiable email address to get started. Once you’ve created your wallet, navigate to the ‘Buy Bitcoin ‘ tab to set up an account with one of our integrated exchange partners. … Once you have set up an account with our exchange partner, you can begin buying bitcoin.

A blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using this technology, participants can confirm transactions without a need for a central clearing authority. Potential applications can include fund transfers, settling trades, voting, and many other issues .

Another name for a blockchain is a “distributed ledger ,” which emphasizes the key difference between this technology and a well-kept Word document. Bitcoin’s blockchain is distributed, meaning that it is public. Anyone can download it in its entirety or go to any number of sites that parse it.