Introduction :
Bolckchains & Cryptocurrency work in a same platform and twice catagories are about same. But a few different are the blockchains & cryptocurrency. Such that Bolckchain is a special network and a application of the blockchain is as currency that means cryptocurrency. Below you will find a brief details about @Bolckchains & @Cryptocurrency. You are follow me now:
Blockchains :
Blockchain is a chain where is a special network, whice utilizes an open & decentralized database. It is a good network for making a good platform in the internet worlwide. It consist of three basic parts : accounts, tarnsections and coins.
1. The Account
Acounts function creat the same way to a bank account where allowing the owner to send and receive transections. And also creat a account will be given real & unique address. That means given your personal informaton has national ID card and use a privacy key for safe your account.
2. The Transection :
Transections are a digital mail, where a transfer data between two accounts in this area network. It is a good modle & safe for data transfer. It has no risky for lost or hacking any data. They contain the address of both accounter as the sender's and the receiver 's, along with additional data with privacy.
3. The Coin
Coins are the valuable part of used a blockchains. Users are provided prossesing power to run this network and suitable for work. Through what is known as mining and as awarded coin in exchange the user of blockchains.
Cryptocurrency :
Crypotocurrency is a primary application of the blockchains as is mining currency. Such that ETH,BTC,LTC & OMG,BAT etc. If you can buid up a good platform in blockchain area, you would gain more currency in network.
It also has two parts : Coins and Tokens
1. Coins :
Coins are the most important part of cryptocurreny. Coins are a digital store as internet market place that are how to analogous USD or RMB at store of cryptocurrency. There are economics value of coins in the blockchains. While users spend their coins in blockchain network, then prossening and as soon as send the coins their owner.
Example the coins : @ETH, @BTC, @LTC etc.
ETC = Ethereum
BTC = Bitcoin
LTC = Litecoin
2. Tokens :
Tokens are another part of cryptocurrency function as currency. Where they are transferable currency between one & another accounts. Tokens are a spealized transection of currency in blockchains network. But a few people are using the tokens currency in blockchains. A lot of people are using the coins to currency in this network. As a result, coins are most popular than tokens.
Example the tokens : @OMG, @BAT etc.
OMG = Omisego
BAT = Basic Attention Token
Finally :
You know what is blockchains and cryptocurrency, and also how to work these and be a good platform to gain more currency in the internet worlwide. I hope that all of you would be understood these topics. Next time, I'll give more discription at the specific currency. Such that @Bitcoin or @Litecoin. So, allways follow me and give the upvote.
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