Are blockchain and cryptocurrencies the same

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Are blockchain and cryptocurrencies the same?

Asked On2022-06-23 20:38:12 by:Kunal-Haryani

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Blockchain is a distributed database that allows for secure, transparent, and tamper-proof record-keeping, while cryptocurrency is a digital asset that uses cryptography for security.
Blockchain is often used as the underlying technology for cryptocurrencies, but can also be used for other applications such as smart contracts, supply chain management, and more.
Cryptocurrencies are built on blockchain technology and have many of the same properties, but differ in their use case and purpose.
Blockchain is a decentralized platform, while cryptocurrency is a decentralized asset.
Blockchain can be public or private, while cryptocurrency is mostly public.
Blockchain is immutable, while cryptocurrency is not.
Blockchain is slow and has limited scalability, while cryptocurrency is fast and has the potential for infinite scalability.

Answerd on:2022-06-30 Answerd By:KiranKumar-Yerriboina

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Are blockchain and cryptocurrencies the same?

Are blockchain and cryptocurrencies the same?

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