Difference Between Bitcoin and Blockchain


In Blockchain every block contains a cryptographic hash of the previous block, a timestamp, and transaction information. In other words, blockchain is a distributed database technology, which restricts bitcoin. In fact, any digital asset. It enables multiple parties to transact, share valuable data, and pool in their resources in a secure yet tamper-proof manner. Data contained within the blockchain is distributed across many computers and is therefore decentralized. Due to decentralized nature blockchains are incredibly secure as there is no single point of attack.


Bitcoin is one of the earliest cryptocurrency to use blockchain technology in facilitating peer to peer payments. Through a decentralized network, bitcoin offers a reasonably low transaction fee compared to popular payment gateways.

S.No. Basis of Comparison Blockchain Bitcoin
1. What is it? A Distributed Database A cryptocurrency
2. Main Aim To provide a low cost, safe and secure environment for peer to peer transactions To simplify and increase the speed of transactions without much of government restrictions.
3. Trade Blockchain can easily transfer anything from currencies to property rights of the stock Bitcoin is limited to trading as a currency.
4. Scope It is more open to changes and hence has the backing of many top companies. The scope of bitcoin is limited.
5. Strategy Blockchain can be adapted to any changes and hence it can cater to different industries. Bitcoin focuses on lowering the cost of influencers and reduced the time of transactions but is less flexible.
6. Status As blockchain works with various businesses, it should have compliance with KYC and other norms. Hence blockchain is transparent. Bitcoin likes to be anonymous and hence even though we can see the transactions in the ledger, they are numbers that are not in particular sequence.
My Personal Notes arrow_drop_up

Check out this Author's contributed articles.

If you like GeeksforGeeks and would like to contribute, you can also write an article using contribute.geeksforgeeks.org or mail your article to contribute@geeksforgeeks.org. See your article appearing on the GeeksforGeeks main page and help other Geeks.

Please Improve this article if you find anything incorrect by clicking on the "Improve Article" button below.

Article Tags :

Be the First to upvote.

Please write to us at contribute@geeksforgeeks.org to report any issue with the above content.