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What is the relationship between blockchain and Bitcoin

Date:2024-07-20 18:43:30 Channel:Trade Read:


The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


What is the relationship between blockchain and Bitcoin?

Blockchain technology is the underlying technology of Bitcoin, and Bitcoin is the first application of blockchain. As mentioned earlier, Bitcoin transaction information is recorded in a decentralized ledger, which is the blockchain.

If we compare blockchain to a physical ledger, then each block is equivalent to a page in this ledger. A new page of the ledger is generated every 10 minutes, and each page of the ledger records the transaction information of the Bitcoin network in the past 10 minutes. Each block is connected in chronological order according to the principles of cryptography to form a chain structure, hence the name blockchain.

Since the birth of the white paper "Bitcoin: A Peer-to-Peer Electronic Cash System", major financial institutions at home and abroad have been competing to study the underlying technology of Bitcoin, blockchain, and seek practical applications of blockchain technology.

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