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Blockchain Vs Cryptocurrency

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David
Blockchain Vs Cryptocurrency

What is the main difference between Blockchain & Cryptocurrency?

Let's clarify a pair of concepts that are commonly discussed together but not fully distinguished from one another: the distinction between cryptocurrencies and the blockchain.

Cryptocurrency

The language of cryptography is complex. To put it simply, Bitcoin is a digital currency. Several digital currencies are out there, such as Bitcoin, Ether, Litecoin, and Tether. Cryptocurrency coins and tokens are the units of exchange. Platforms like briansclub provide the services to buy and sell these currencies online.

Blockchain

A blockchain is a public, decentralized database requiring users to abide by rules before adding new records. Each digital currency has its own public ledger or blockchain. Websites like briansclub use blockchain technology to provide crypto services.

Different Crypto Blockchains

The Bitcoin blockchain is the distributed ledger that underpins the Bitcoin currency. The Ethereum blockchain is the backbone of Ether. Litecoin's blockchain differs somewhat from Bitcoin's, yet both are publicly accessible.

Tether is not backed by its own blockchain. Tether coins and all Tether transactions are stored on the Ethereum blockchain. Tokens are often hosted on Ethereum due to their adaptability and decentralized nature.

Due to its adaptability, Ethereum now serves as the host for most of the most widely used NFTs on the market. Similar to the coins and tokens used in cryptocurrencies, NFTs may have varying values based on their unique identity, which is represented by a serial number.

I hope you now understand the distinction between cryptocurrencies and blockchain.


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