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What’s the difference between blockchain and bitcoin?

By Matt McCall


A very common misconception is that blockchain technology is simply about cryptocurrencies. Sure, that is partly true. But the technology offers so much more.

Blockchain is the technology behind bitcoin… and many other hypergrowth trends for that matter. I have no doubt that blockchain will expand rapidly as it disrupts nearly every industry around the globe.

A simple way to view blockchain is to think about it as a digital ledger – a series of blocks that store information in a public, decentralized database. The goal is for information to be recorded and securely stored, but with an unimpeachable audit trail.

Blockchain essentially eliminates the middleman in most transactions. The middleman increases costs for everyone involved, so this is more valuable than you might think… even for information you deal with on a daily basis.

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