What is the difference between cryptocurrencies and blockchain?
Cryptocurrency and blockchain technology share an intertwined relationship, but they are not the same. Cryptocurrencies are digital assets that utilize encryption to create a secure and immutable medium of exchange, while blockchain is a distributed digital ledger that enables cryptocurrencies and other digital assets to be securely stored and recorded. Blockchain creates the secure infrastructure in which cryptocurrencies exist, ensuring their integrity of use by creating an immutable record of all transactions within the system. This system offers trust, flexibility, and transparency while facilitating the transfer of digital assets outside traditional financial services. Although dependent upon one another, cryptocurrencies and blockchain serve two separate but complimentary functions in transacting digitally on the internet today.