What is the difference between Bitcoin and blockchain technology

Bitcoin and blockchain technology are related but distinct concepts.

Bitcoin is a cryptocurrency, a form of digital money that uses cryptography to secure transactions and control the creation of new units. It was created in 2009 as the first implementation of blockchain technology.

Blockchain is the underlying technology that enables the existence of cryptocurrencies like Bitcoin. It is a distributed ledger that maintains a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. The decentralized nature of the blockchain makes it difficult for any single entity to manipulate the data and ensures its transparency and security.

In summary, Bitcoin is a specific application of blockchain technology, while blockchain is the general technology that enables the creation of cryptocurrencies and other decentralized applications.

If you would like to find out more about Web 3.0 Web3TV have put together the Ultimate Beginners Guide to Web 3.0 and you can download if for free at www.Web3TV.com.au/Web3Guide

You can also watch every inspiring episode of Web3TV for free at www.Web3TV/Watch