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RE: ADSactly Tech News - Blockchain, BCH, BTC and Cryptocurrency Explained!

in #blockchain7 years ago

Dear @adsactly sir!
Your method of defining blockchain and bitcoin and clarifying the distinction is very good. Simply put, Iwas confused so far that the blockchain is a form of cryptocurrency.Although bitcoin and other currency were so important, the government and the bank of some countries did not consider it valid. It's disappointing. Are there any chances of validity of these currencies, whether there is a country in which it has not been considered legitimate in the future of digital currency? Will this country allow the BTC currency exchange policy? Bitcoin is Mother Currency, whose value is more than other currencies, Where the government is not afraid that other currencies will lose its existence after getting validity to Bitcoin?There are some such questions whose answers I am in search of. I hope your article will continue to get better updates and information.
Regards

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Yes, you are well on your way to understanding. In the most simple definition blockchain is a technology, a software protocol in which many computers can communicate and agree on information, putting it into blocks on a blockchain. A cryptocurrency is a digital asset that uses blockchain as its underlying technology to exist. In regard to your questions about approval, I believe governments are beginning to accept it and find a way to regulate bitcoin and other cryptocurrencies so that they can be used as legal forms of payment. We will see....