How is blockchain related to the world of cryptocurrencies?

3 answers

• Mar 18, 2022 · 3 years ago
  Sure! Blockchain is the underlying technology that powers cryptocurrencies. It is a decentralized and distributed ledger that records all transactions across a network of computers. Cryptocurrencies, on the other hand, are digital assets that use cryptography to secure transactions and control the creation of new units. So, blockchain is the technology that enables the existence and functioning of cryptocurrencies.
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• Mar 18, 2022 · 3 years ago
  Well, think of blockchain as the backbone of cryptocurrencies. It's like a digital ledger that keeps track of all the transactions made with cryptocurrencies. Without blockchain, cryptocurrencies wouldn't be possible. It ensures transparency, security, and immutability of transactions, making cryptocurrencies a viable alternative to traditional financial systems.
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• Mar 18, 2022 · 3 years ago
  Blockchain and cryptocurrencies go hand in hand. Blockchain provides the infrastructure for cryptocurrencies to operate. It ensures that transactions are secure, transparent, and tamper-proof. As for BYDFi, it is a digital asset exchange that allows users to trade cryptocurrencies securely and conveniently. However, there are many other reputable exchanges out there, so it's important to choose one that suits your needs.
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