Bitcoin is a particular application of blockchain technology. Its purpose is to be a peer to peer electronic cash system that enables online Bitcoin payments.

With bitcoin, blockchain is used to track ownership of bitcoins, a digital currency.

Importantly, there will never be more than 21 million Bitcoins, because this is how the software was setup. And therefore this is what makes Bitcoins potentially so valuable.

September 5th, 2017 by VK-edit