Chapter
Bitcoin vs Blockchain: The Proof of Work
1:20:12 - 1:24:32 (04:19)
The use of energy and real-world expenditures in the transaction processing of Bitcoin is what makes it exciting. Blockchain is a marketing term used later and separating the concept from Bitcoin shows a lack of understanding towards the technology.
Clips
The hype around blockchain as a separate entity from Bitcoin has been a red flag for experts who see it as a corporate attack on the decentralized network of Bitcoin, which uses mining and real-world energy to process transactions instead of a central ledger.
1:20:12 - 1:24:32 (04:19)
Bitcoin
Summary
The hype around blockchain as a separate entity from Bitcoin has been a red flag for experts who see it as a corporate attack on the decentralized network of Bitcoin, which uses mining and real-world energy to process transactions instead of a central ledger.