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  1. Categories >> Software >> Cryptography >> Blockchain
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What do you know about blockchain? What is the difference between the bitcoin blockchain and ethereum blockchain?

Question Posted / Jitendra Kumar Ray

Answer Posted / Jitendra Kumar Ray

Blockchain technology is a decentralized, distributed digital ledger that records transactions across many computers. Each block in the chain contains multiple transactions and a unique code called a hash, which links it to the previous block in the chain. Bitcoin and Ethereum are both cryptocurrencies built on blockchain technology, but they have some differences: Bitcoin is primarily designed as a digital currency for peer-to-peer transactions, while Ethereum also allows developers to build decentralized applications (dApps) and issue their own tokens. The Bitcoin blockchain has a larger block size of 1MB, whereas the Ethereum blockchain uses a dynamic gas fee mechanism.

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