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[crypworld]

Many countries are wanting to ban bitcoin and other cryptocurrency in their country and instead launch their Central Bank Digital Currency.


But they want to make use of Blockchain Technology in the different sectors of the economy in their country.


I'm wondering can Blockchain Technology work without Bitcoin and other cryptocurrency?

 

[Niftyicon]

Block chain is the technology behind bitcoin and not the other way round. So, countries can decide to use block chain technology for whatever they want without necessarily having to deal with Cryptos.

 

[Rollerkid]

Many countries are wanting to ban bitcoin and other cryptocurrency in their country and instead launch their Central Bank Digital Currency.


But they want to make use of Blockchain Technology in the different sectors of the economy in their country.


I'm wondering can Blockchain Technology work without Bitcoin and other cryptocurrency?

What I understand about blockchain technology is that, it's the foundation for digital currencies and that means an individual or country can develop its digital currency without necessarily considering bitcoin and other cryptocurrencies already built on the blockchain.

 

[achawaskey]

I don't think it will happen base on how far bitcoin has come, it will be difficult for other country crypto to function without bitcoin. The reason they want to introduced there coin is control.

 

[Nadeem Khalid]

Block chain is the technology behind bitcoin and not the other way round. So, countries can decide to use block chain technology for whatever they want without necessarily having to deal with Cryptos.

Blockchain can exist without cryptocurrencies. Blockchain is the technology that allows peer-to-peer transactions to be recorded on a distributed ledger across the network. It is a public transaction ledger of cryptocurrencies.

 

[Ewogboka]

Blockchain can perfectly without bitcoin because it is not Design for the purpose of bitcoin activities alone. It can be applied in different activities.

 

[crypworld]

What I understand about blockchain technology is that, it's the foundation for digital currencies and that means an individual or country can develop its digital currency without necessarily considering bitcoin and other cryptocurrencies already built on the blockchain.

The irony is that the country's digital currency will only be accepted and can be used by the citizens of that country.

In very rare cases, will other countries accept the digital currency of another country, unless it's worth the value.

 

[SCAMEXPOSER]

The irony is that the country's digital currency will only be accepted and can be used by the citizens of that country.

In very rare cases, will other countries accept the digital currency of another country, unless it's worth the value.

Yeah and it is only countries that has also develop their own digital Currency but the fact is that if cryptocurrencies doesn't exist these digital coins of other countries won't have any reasonable usage.

 

[Rollerkid]

The irony is that the country's digital currency will only be accepted and can be used by the citizens of that country.

In very rare cases, will other countries accept the digital currency of another country, unless it's worth the value.

Yeah, you are right. But l'm thinking even though the digital currency of a particular country is always used mainly by the country's citizens, there might be some other benefits behind this.

 

[SCAMEXPOSER]

Yeah, you are right. But l'm thinking even though the digital currency of a particular country is always used mainly by the country's citizens, there might be some other benefits behind this.

I have not seen any benefit outside the normal way the traditional currency operate except that they will enhance and promote cashless economy.

 

[Ewogboka]

Government of all countries should embrace Crypto currencies and look for ways to regulate them in other for them to generate funds or revenue.

 

[BullyMaguire]

Yes.. you see bitcoin is here because there is Blockchain.. if bitcoin or any Cryptocurrency doesn't exist Blockchain is still okay. But if Blockchain got removed that's the end of Bitcoin i guess

 

[Wisdom01]

The importance of blockchain is not only on bitcoin it could be use in many aspect i think , so it could work without the bitcoin and other crypto

 

[microunit]

blockchain is like the tech behind bitcoin so blockchain system could always exist without these cryptocurrencies but without blockchain these cryptocurrencies can't really exist

 

[Josemendez]

Bitcoin network utilizes the features of block chain and as such ,block chain can work on it's own without seeking for the help of bitcoin . Bitcoin will not function without integrating into blockchain

 

[Kunkun]

I don't think block chain is dependent on crypto but the other way around, there is so much that can be done with the block chain technology

 

[GoldenLady]

Anyone can choose to use block chain technology without being subject to cryptocurrency use. It's just that cryptocurrency is using the same technology, but it's not synonymous.

 

[BusyCat]

Yeah blockchain stikk exists even if the ban major cryptocurrencies or private cryptocurrencies kije Bitcoin , ethereum and start their own cryptocurrency that works on a new blockchain.

 

[BusyCat]

Still* exists
kije* like