Some experts believe public blockchain needs cryptocurrency to work while private blockchains don’t . Public blockchains are distributed and decentralised. Each new block requires validation by all the computers connected to the network or nodes before it is added to the blockchain.
Read moreWhat is difference between blockchain and cryptocurrency?
A blockchain does not have any monetary value. Blockchain technology has uses beyond cryptocurrencies . Blockchain can be used for recording transactions in banking, healthcare, supply chain, and retail. Cryptocurrency is digital money, which can be used for buying goods and services and for investment.
Read moreWhat is the difference between Bitcoin wallet and blockchain wallet?
Bitcoin is a cryptocurrency, while blockchain is a distributed database . Bitcoin is powered by blockchain technology, but blockchain has found many uses beyond Bitcoin. Bitcoin promotes anonymity, while blockchain is about transparency.
Read moreIs blockchain and Bitcoin the same?
Blockchain is the technology that enables the existence of cryptocurrency (among other things). Bitcoin is the name of the best-known cryptocurrency, the one for which blockchain technology was invented.
Read moreWhich wallet is best for Bitcoin?
The Best Bitcoin Wallets of 2022
Read more