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“Blockchain” or Bitcoin: Understanding the differences

In this talk, Andreas explores the rise of the term “blockchain” as a counterweight to bitcoin. The term blockchain does not provide a definition, as it has been diluted to be meaningless.

Saying “blockchain” simply invites questions, such as “what is the consensus algorithm”. Meanwhile, bitcoin continues to offer an alternative to the traditional financial system.

Andreas looks at the value of private ledgers, which he sees as having a small impact on finance, versus open, global and accessible payment and currency systems such as bitcoin which he sees as fostering a global revolution in finance and access to financial tools.

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