The difference between Bitcoin and blockchain for business
Bitcoin is a type of unregulated digital currency that was first created by Satoshi Nakamoto in 2008. Also known as a “cryptocurrency,” it was launched with the intention to bypass government currency controls and simplify online transactions by getting rid of third-party payment processing intermediaries. Of course, accomplishing this required more than just the money itself. There had to be a secure way to make transactions with the cryptocurrency.
Bitcoin transactions are stored and transferred using a distributed ledger on a peer-to-peer network that is open, public and anonymous. Blockchain is the underpinning technology that maintains the Bitcoin transaction ledger.
The Record-Breaking $152 Million Battle Over Blockchain Betting Tool Augur
Three years ago, Augur, a prediction market system that runs on the ethereum blockchain, held one of the first initial coin offerings (ICOs), long before the funding mechanism gained mainstream momentum.
Between August 7 and September 5, 2015, the project issued 8.8 million reputation (REP) tokens from a maximum circulating supply of 11 million tokens, each priced below $0.60, to raise over $5 million for the project.
Blockchain Is Not Only About Bitcoin
Blockchain is considered a mini-revolution within the Fourth Industrial Revolution. What does that mean? Is it again another challenge for the entrepreneur to deal with on top of everything else? Is it another opportunity? If yes, you might ask: “How can I learn about it, use it, without getting lost in the crypto-mathematical formulae?”