Hence, today we will simply discuss all the differences between cryptocurrency and blockchain.
Cryptocurrency vs Blockchain: Whats The Difference?
What are Blockchain and cryptocurrency?
Is it safe to invest in them?
Also Read:6 Things You Should Know Before Buying a Bitcoin
What is Blockchain?
The blockchain is a medium that basically eliminates mediators, hence, simply helps to decentralize all management.
As the control of the process is simply depends on users, not on the banks.
What is Cryptocurrency?
Basically, the word cryptocurrency is made up of two different concepts.
The first one is crypto, as cryptographic algorithms are used to make the Cryptocurrency networks safe.
The second part of the concept is the definition of what a currency is.
The one that is fulfilled the most is the storage of value as if it were a virtual gold.
Hence, the cryptocurrencies will not be real coins until these three properties are met.
How does a transaction work in blockchain?
The process is relatively simple, but as we say it involves more people.
What is an ICO?
An ICO is a form of financing a business project that instead of offering shares simply offers virtual tokens.
So, what do you think about this?
Simply share all your views and thoughts in the comment section below.
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