TEACH ME BITCOIN, SON. on Nostr: Dad: Son, what is the difference between blockchain and Bitcoin? Is there even a ...
Dad: Son, what is the difference between blockchain and Bitcoin? Is there even a difference?
Son: Hi Dad,
"Blockchain" is the technology that underpins Bitcoin, and transactions are stored in blocks.
Think of it as a decentralized database or a decentralized ledger.
"Bitcoin" – the coins or the "value" – are the unspent transaction outputs that are stored on the blockchain.
Dad: Where on the blockchain?
Son: If the blockchain were a material flow or Sankey diagram, you would find the stored value at the ends of the diagram.
#Bitcoin
Published at
2024-06-13 16:38:30Event JSON
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"content": "https://www.teach-me-bitcoin-son.com/media//generated/what-is-the-difference-between-blockchain-and-bitcoin.png\n\nDad: Son, what is the difference between blockchain and Bitcoin? Is there even a difference?\nSon: Hi Dad,\n\"Blockchain\" is the technology that underpins Bitcoin, and transactions are stored in blocks.\nThink of it as a decentralized database or a decentralized ledger.\n\"Bitcoin\" – the coins or the \"value\" – are the unspent transaction outputs that are stored on the blockchain.\nDad: Where on the blockchain?\nSon: If the blockchain were a material flow or Sankey diagram, you would find the stored value at the ends of the diagram.\n\n\n#Bitcoin",
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