Blockchain isn’t the only tech behind Bitcoin

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Blockchain isn’t the only tech behind Bitcoin
By Binary District Journal


At the Blockchain Africa Conference held in Johannesburg, South Africa, prominent bitcoin and security expert Andreas Antonopoulos criticized banks and technology firms for treating the term “blockchain” as interchangeable with public blockchain networks – bitcoin in particular. This is highly erroneous because the blockchain is just one of many technologies that supplement the bitcoin network and allow it to function as a decentralized, distributed, and peer-to-peer financial network. The Bitcoin network consists of various solutions and cryptographic technologies, including Schnorr signatures, advanced elliptic curve applications, and ring signatures. The blockchain merely operates as a database within the Bitcoin and Ethereum blockchain networks;…

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March 31, 2018 at 08:43PM
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