Getting started with blockchain | Blockchain and the past and present of the "big pie"

After introducing the blockchain to parents , will they let you go? Anyway, my parents didn't, and then began to ask: What is the relationship between the blockchain and the speculative Token? Especially the bitcoin, what is it?

This reminds me of the most impressive introduction to the blockchain industry. To understand the blockchain, you must start with a pie.

I looked awkward, "Big pie? Is that the cake that I ate?" Later, when I asked these two words, I discovered that it was a nickname for Bitcoin in the blockchain industry.

I have heard Bitcoin a few times before, and I always thought it was a kind of game currency. I thought about the blockchain and the blockchain. What is the relationship with the currency? After two months of entry, although I still don't know about the various coins, I can simply talk about the relationship between the blockchain and Bitcoin. What is the source?

01 Bitcoin and Blockchain – "Chicken and Egg"

Why do bitcoin and blockchains, like chickens and eggs? This has to be discussed in the order of the birth of the blockchain and bitcoin.

In October 2008, the term bitcoin was first proposed , and a man named Nakamoto published an article "Bitcoin – a peer-to-peer electronic cash system." In January 2009, the first bitcoin was born.

I have to explain that this is a kind of virtual currency. It is not sold in kind . I don't know if it is easy to make a joke. For example, for a while, I really want to know what Bitcoin looks like. I went to Baidu to search and searched out a bunch of pictures. I always thought that it was such a golden coin that was tens of thousands and saw a colleague holding a picture. The coins in the picture were taken, and my eyes were lighted, but later I learned that bitcoin is not real, it is just a concept map of a commemorative coin.

After the birth of Bitcoin, it attracted some attention. They found that Bitcoin is a good thing. There are many characteristics of cash that modern society does not have. They continue to study it. After a few years, they found that Bitcoin uses a special underlying layer. Technology, they called this technology "blockchain" .

So simply from the order of view, the relationship between Bitcoin and blockchain is just like "chicken and egg". It is the saying that no one appears first. It may be the same time, but it is only a matter of time.

02 bitcoin and blockchain – table and wood

From a technical point of view, the blockchain is known as the underlying technology of bitcoin, and bitcoin is the first application of the blockchain.

So bitcoin and blockchain are equivalent to the relationship between table and wood. The earliest people found a beautiful table. Later, the material of this table was found to be a good wood. It can also be used to make chairs, cabinets and boxes. and many more.

Bitcoin is a type of virtual currency, and blockchain is a book based on bitcoin discovery . After many people have seen the value of the two, they want to take Bitcoin as their own. Maybe they will make money someday. Therefore, there are phenomena such as “speculating Token” and “opening trading platform”, and others want to use the district. Blockchain technology seized the opportunity to start a business, changing the world like the Internet at the time, so there has been a blockchain industry that is currently in full swing.

What do you think of the relationship between bitcoin and blockchain? Feel free to share your opinion in the message area.

——End——

Author | Sanli

Produced|Baihua blockchain (ID: hellobtc)

『Declaration : This series of content is only for the introduction of blockchain science, and does not constitute any investment advice or advice. If there are any errors or omissions, please leave a message.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

BC Technology Group Considers Selling OSL: The Crypto Exchange that Moos Money

Fashionista may be interested to know that BC Technology is in talks with potential buyers regarding a potential sale...

Blockchain

ETH/BTC Dominance to Grow in 2024: Ethereum’s Reevaluation and Upcoming Upgrades

Experts recommend a reassessment of Ether in 2024, as Ethereum remains the top blockchain for smart contract use on a...

Market

The Fantom Foundation Strikes Back: How a Researcher Saved the Day (and Millions)

A security researcher has been awarded a whopping $1.7 million by the Fantom Foundation for stopping a potential $170...

Blockchain

The Core Seed Abstraction Innovation: Wallets Without the Hassle!

Fashionista, get ready for the latest innovation in crypto wallet technology from Core Protocol! They are revolutioni...

Market

Y Combinator expands investment focus to stablecoins and AI ventures.

YC has released a request for startups with 20 promising ideas including stablecoins and AI, offering a valuable oppo...

Blockchain

BitGo Licensed to Custody Crypto Assets in Germany: A German Crypto Love Affair

Fashionista Update BitGo Has Been Custodying Crypto Assets in Germany Since 2019, Under the Watchful Eye of BaFin.