Bitcoin Price Technical Analysis: Bull Run Nearing Exhaustion

The difference between Blockchain and Bitcoin It is easy to understand why the terms ‘Blockchain’ and ‘Bitcoin’ often get confused – Blockchain does indeed serve as a platform for all cryptocurrencies; without Blockchain there would be no Bitcoin. However, it must be emphasised that the scope and potential of Blockchain extends far beyond the world of cryptocurrencies. Although initially created for Bitcoin, Blockchain provides a more secure and transparent way of processing all kinds of data and therefore, the various applications and uses of this technology are endless. This ingenious technology has created a new form of online platform, and comparably, just like the internet gave us the ability to send e-mails, shop online and so much more, Blockchain can be applied to voting procedures, record keeping, financial instruments and that’s just the tip of the iceberg. Modern society is currently experiencing a ‘cryptocurrency boom’ and Bitcoin is just one of the many cryptocurrencies out there.