Learn With KuCoin – Difference Between Block And Bitcoin

KuCoin is one of the leading cryptocurrency exchanges, with a wide range of coins on its website. You will find BTC, ETH, USDC, USTC, and several other coins on the KuCoin platform. There is a variety of trading options available on KuCoin, including spot, future, fiat, margin, and P2P. in this article, we learn with KuCoin difference between Block and Bitcoin. Many newcomers in the crypto world consider Bitcoin and Blockchain the same thing. However, they both work differently and have separate identities. Today we will discuss each detail of Bitcoin Blockchain, which makes it easier for you to understand the concept behind them.

Blockchain

If we define you, we can say that a blockchain is simply a computer to store data. However, this data is distributed among various computers; that’s why it is called decentralized. This decentralization adds more transparency to blockchain than a traditional centralized database where the admin has access to your details and security key. On the other hand, in the decentralized fund, you take full responsivity for your assets, and no third party includes in it. Nobody can seize your decentralized wallet, and you enjoy more freedom. However, you are more responsible for your funds. Therefore, you must save and remember your security key with big attention.

Bitcoin

Blockchain is a technology developed for Bitcoin, and BTC depends on the blockchain. Due to this dependency, these two names are used as interchangeable. However, it doesn’t mean they both are the same. Bitcoin is a decentralized currency. Users can transfer this currency without the involvement of any third party. Bitcoin is just one example of cryptocurrency, while several other coins are also supported by blockchain. There is no function of Bitcoin without the back blockchain. You must also know that more power comes with more responsibility. It means you are fully responsible for your decentralized asset security.

Quick Summary About Difference Between Bitcoin And Blockchain

Let us summarize the difference between Bitcoin and Blockchain.

• Block is just a database distributed, while Bitcoin is the cryptocurrency.
• Bitcoin is supported by blockchain technology, while blockchain has many other uses, including Bitcoin support.
• Bitcoin works anonymously while transactions. On the other hand, blockchain provides a unique transaction ID.
• Bitcoin is just a transfer of money among the users, while blockchain includes transferring data, securities, and ownership rights.

Conclusion

Many investors are investing in a KuCoin platform because of its high-class security measures. KuCoin successfully built trust in a market related to a portfolio of many traders. There is 1 million news feeds on the KuCoin site to keep you updated about the crypto market situation. You will also find BTC, ETH, and KCS Prices with live charts, which helps you to keep your eye on the market situation. There is no need to leave the KuCoin site for any crypto activity. All of the information, whether related to technical or fundamental analysis, is present on a KuCoin exchange. You will always update with the live market condition.