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Blockchain & Cryptocurrency

When Bitcoin was the only blockchain, there wasn’t much of a distinction between the terms and they were used interchangeably. As the technology matured and a variety of blockchains bloomed, the uses quickly diverged from the pure money aspect. Instead, technologists experimented with ideas like decentralized name registry. Other uses utilized the peer-to-peer aspect to deliver messages in a discrete way. In the end, many of these projects failed to find a good use of the technology. The projects left standing helped demonstrate what was possible with beyond buzzwords.

Contrasted with blockchain, cryptocurrency has to do with the use of tokens based on the distributed ledger technology. Cryptocurrency can be seen as a tool or resource on a blockchain network. Anything dealing with buying, selling, investing, trading, microtipping, or other monetary aspects deals with a blockchain native token or subtoken.

Blockchain is the platform which brings cryptocurrencies into play. The blockchain is the technology that is serves as the distributed ledger that forms the network. This network creates the means for transacting, and enables transferring of value and information.

Cryptocurrencies are the tokens used within these networks to send value and pay for these transactions. Furthermore, you can see them as tool on blockchain, in some cases serving as a resource or utility function. Other times they are used to digitize value of an asset.

Blockchains serve as the basis technology, in which cryptocurrencies are a part of the ecosystem. They go hand in hand, and crypto is often necessary to transact on a blockchain. But without the blockchain, we would not have a means for these transactions to be recorded and transferred.

Featured Blockchain Insights

Internet 3.0

‘Internet 3.0 is Blockchain’? As such there are no set standards as people don’t know what blockchain is fully capable of. Some believe there will be a maximum of two types of blockchain and the rest will be like smaller intranets…

Smart Contracts

Smart contracts are digital and self-executed, an intermediary ensures that all parties follow through on terms. Blockchain not only waives third parties, but also ensures that all ledger participants know the contract details and that contractual…

Identity Protection

Blockchain technology protects identification by encrypting it and securing it from spammers and marketing schemes. This technology can apply to government issued documents, intellectual property credentials, internet-connected devices and …

Digital Voting

Blockchain offers the ability to vote digitally, and it’s transparent enough that regulators would be able to see if something were changed on the network. The immutability (i.e., unchanging nature) of blockchain can make your vote truly count…

Supply Chain and Logistics

Knowing the status and condition of every product on the supply chain from raw materials to distribution is critical. Consumers are increasingly demanding transparency and confirmation that the production of products adheres to their individual values…

Financial Services

Blockchain gets published and copied in multiple places. New transactions get broadcast to a broad network of participants, who add those transactions to the ledger. Because there are multiple copies of the ledger, it’s hard to change transactions…

Featured Cryptocurrency Insights

Digital Asset

Financial institutions adding crypto services to their offerings, raising new funds for digital currencies, and even launching dedicated trading desks. The market capitalization of these cryptoassets has grown tremendously…

Legislation and Regulation

As cryptocurrencies spread across the world, global regulators are divided on how to keep up. Most digital currencies are not backed by any central government, meaning each country has different standards. The landscape is constantly evolving and keeping up…

Encryption and Security

Cryptocurrencies are usually built using blockchain technology. Blockchain describes the way transactions are recorded into “blocks” and time stamped. However, there are vulnerabilities that cyrptocurrencies have to deal with such as quantum computing…

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