How Bitcoin Blockchain Differs from Other Blockchains

Bitcoin-based on blockchain:

The blockchain is a digital ledger which is programmed in such a way so that it holds virtually everything of value. By decentralize storage of data, the blockchain eliminates centralize data storage risk.

-For all cryptocurrency transactions, it is a digitized, decentralized, public ledger. Here in this ‘Completed’ blocks (the most recent transactions) are recorded and added in chronological order,
-It allows crypto traders to keep track of digital currency transactions without any centralized recordkeeping.
-Transactional records are represented by Each “block”, and all are linked together by the hash function.
This whole blockchain is held on this large network of computers, which generally means that no single person has full control over its history. It assures that no one person can modify things.


In bitcoin, after every ten minutes, a new block is created in its blockchain. That newly added block  “certifies” new transactions that have taken place. High computing hardware is used for mining which provides a calculation, the number created by that calculation verifies the block and the transactions it contains.

Blockchain technology is used by a global network of computers to jointly manage the database that records Bitcoin transactions. That is, not any central authority managed bitcoin. Basically, decentralization means the network operates on a user-to-user (or peer-to-peer) basis.


A blockchain database is managed by the peer-to-peer network and a distributed timestamping server. In blockchain each block has the cryptographic hash of the prior block in the blockchain, linking the two blocks. The linked blocks form a chain. This iterative process confirms the integrity of the previous block.

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