Anil Singh | Code-sample.com

What Is Bitcoin? Bitcoin  is the world’s first digital  cryptocurrency  and worldwide  payment system . It does not have any central authority exercising control. Bitcoin  was invented by an  unknown person  or group of people under the name  Satoshi Nakamoto  and released as  open-source  software in  2009 . Bitcoin  is the first  decentralized digital currency , as the system works without a single administrator.

What Is Blockchain? Blockchain is a digitized , decentralized and public ledger of all financial transactions and it also recording the history of transactions. Blockchain provides a protocol for building a public, replicated and distributed ledger network of all transactions. Each participant in this blockchain network maintains their own copy of that database , or collection of organized information. Blockchain is mostly known for the first technology it enabled, the Bitcoin , which Satoshi Nakamoto first described in a paper in 2008 . Blockchain is the technology that runs cryptocurrency Bitcoin . Blockchain very first and most famous application is Bitcoin , a peer-to-peer ( P2P ) digital currency for the modern, digital age. This was created by Satoshi Nakamoto. Blockchain is actually a way to structure data and the foundation of cryptocurrencies like Bitcoin , Ripple , Ethereum, Bitcoin Cash, Litecoin, Cardano and many more. The Real-life ap...