Support Ukraine

Sunday, March 25, 2018

Crypto News: Can we Finally Look at Blockchain and Bitcoin Separately?

Can we Finally Look at Blockchain and Bitcoin Separately?

Unless you have been living under a rock, the word blockchain wouldn’t have missed your attention over the past one year. Amongst all the hullaballoo that surrounds blockchain, Bitcoin has stood out most prominently. From the wild swings in Bitcoin prices to the emergence of multiple cryptocurrency wallets, the Bitcoin buzz has taken over the world and India is not behind.

But the emergence of Bitcoin has been bereft of challenges in the fastest-growing economy in the world. The Indian government has refused to accept the presence of Bitcoin and has openly said Bitcoin is “not legal tender”. During the Union Budget 2018-19, India’s Finance Minister Arun Jaitley clarified the government discourages the use of Bitcoin or any other cryptocurrency.

Governments across the world too have dismissed cryptocurrencies. China, which although houses the largest community of Bitcoin miners, has begun a crackdown on cryptocurrency websites citing instability as one of the reasons.

With all the controversy surrounding Bitcoin, the use of blockchain - the technology behind Bitcoins - has been left underexplored. While blockchain and Bitcoin have been synonymous for quite some time now, in reality the two are not quite so.


Full story HERE


Source: Entrepreneur


Tweet This Story

 

 

 

Donation:
If you appreciate the things I share, consider making a contribution
no matter how small via PayPal or with TransferWise (EUR).
If you use Waves my wallet address is: 3PPeCnXEDAiRVzvsuGRycrNDHhWgDq68uVt
If you use Bitcoin my wallet address is: 12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

Bitcoin QR-Code

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Copy and paste this code into your pages.