What is the difference between Blockchin and Bitcoin

Question

I am learning about Blockchain and I want to know what is the difference between Blockchain and Bitcoin

Answer 1

Blockchain has potential beyond Bitcoin and cryptocurrency. Bitcoin will help you to understand other Blockchain applications Bitcoin is a cryptocurrency use case of Blockchain Technology

• Blockchain gives a decentralized ledger
• Blockchain changes the traditional way of transactions
• Blockchain have both Business perspective and Technical perspective
• It removes the trusted third party and uses peer to peer transactions
• The blockchain is Decentralized, shared and open ledger which is shared among all different nodes
• Blockchain can coexist with other internet technologies

The Blockchain structure looks like this:

Bitcoin is a digital payment system running on Blockchain technology the system was designed to work without any central authority

• Working with bitcoin you don’t need to know the technical aspects
• The Bitcoin payments are irreversible
• The Bitcoin Blockchain have the same data structure as other applications of Blockchain
• Bitcoin includes Merkle tree
• Bitcoin network is dynamic as any node can join or leave the network.

Bitcoin and Blockchain have a lot to discuss. Hope this description will help you and to know more about bitcoin and Blockchain visit to this tutorial: https://youtu.be/9qfxLo1rt1Q