⏱️ ONE MINUTE WITH BINANCE ACADEMY #01
Blockchain vs. Cryptocurrency
Are they the same thing?
Not quite.
⛓️ BLOCKCHAIN
A way of recording and organizing data across a network. Records are linked together, and network rules help determine how new transactions are validated.
🪙 CRYPTOCURRENCY
A digital asset that can operate using blockchain technology.
Here’s the key idea:
Blockchain is the underlying technology. Cryptocurrency is one of its applications.
And blockchain can be used for more than cryptocurrencies, too.
Think of it this way: understanding the technology helps you understand the assets built on top of it.
📚 Read more with Binance Academy:
https://www.binance.com/en/academy/articles/what-is-blockchain-and-how-does-it-work
💬 What should the next one-minute lesson cover?
#BinanceAcademy #Binance #CryptoBasics
Blockchain vs. Cryptocurrency
Are they the same thing?
Not quite.
⛓️ BLOCKCHAIN
A way of recording and organizing data across a network. Records are linked together, and network rules help determine how new transactions are validated.
🪙 CRYPTOCURRENCY
A digital asset that can operate using blockchain technology.
Here’s the key idea:
Blockchain is the underlying technology. Cryptocurrency is one of its applications.
And blockchain can be used for more than cryptocurrencies, too.
Think of it this way: understanding the technology helps you understand the assets built on top of it.
📚 Read more with Binance Academy:
https://www.binance.com/en/academy/articles/what-is-blockchain-and-how-does-it-work
💬 What should the next one-minute lesson cover?
#BinanceAcademy #Binance #CryptoBasics