It’s pretty easy to get mixed up with all these new terms when you first step into the world of cryptocurrency. We promise to make it super simple for you to understand and digest this new information.
The first significant difference is that blockchain refers to a distributed database and Bitcoin refers to a cryptocurrency. The reason why you often hear these two terms coexisting in the same space is due to the fact both are inextricably linked: Blockchain is the technology that underpins Bitcoin. So, bitcoin is the first example of blockchain being implemented and without blockchain, there would be no Bitcoin.
Additionally, bitcoin is only used to transfer digital currencies while blockchain transfers proprietary information, digital assets, rights and many more. Blockchain boasts on its transparency as the data stored is shared across many computers and is verified by user consensus. On the other hand, Bitcoin promotes anonymity, where users can conceal their real identities behind pseudonyms.
We have written a more in-depth explanation on What is Bitcoin and What is Blockchain if you are interested to learn more.
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