Bitcoin over Blockchain
Bitcoin has become the trendy way of transferring the money without involving any banking services around the world. In past, we have observed how technology has replaced them on the ground presence of various services, So what are the ways you can spend Bitcoin and how the blockchain technology used by them is affectin other industries.
for e.g. Today, a person doesn’t have to stand in long lines to pay their electricity or mobile bills. Neither do they
need to go out of their comfort zones to post a letter, nor they have to look for pin codes to the address they have to send the letter to. All they need is a click of a button and within seconds, the messages are sent to the recipients.
Bitcoin technology is based on Blockchain
Blockchain, on the other hand, is a technology, which is equally important. A lot of people these days know that bitcoin technology is based on Blockchain. But the facts are, experts rely more on Bitcoin than Blockchain. Surprised? Well yes, the fact is the Bitcoin technology was drawn out of Blockchain but the experts and programmers prefer Bitcoin.
You must be thinking why? Well, the answer to this is, if there is no presence of Bitcoin then there will be no record and no decentralize system. Blockchain technology will fail without these crypto-currencies. Bitcoin helps people with an extra income, which helps in creating new financial support irrespective of current
People have initiated the investment in Bitcoin and have also created a system for mining. Mining is a computer process, which helps in protecting and conforming bitcoin transactions.
Categorically, it is next to impossible to work on the network of Blockchain without bitcoin where no authority will be able to work without an incentive.
While it is believed that Bitcoin started as a concept it has clearly changed the way currency works in the cyber world. Which has resulted in Bitcoin matters more than blockchain’s invention doe?.