China hates cryptos. But loves a good ol’ blockchain.

Many of the readers and investors interested in cryptocurrencies and blockchain do the common mistake of picturing them as the same blur, undefined, structural trading system.

However, the reality of facts is quite different: blockchain is a system, a model, consisting in a growing list of records (called blocks), while cryptocurrencies are only one of the uses you can have of a blockchain-based ledger. Blockchain-based apps and technologies can exist for other purposes than merely virtual currencies and trade.

Original source
https://hackernoon.com/china-hates-cryptos-but-loves-a-good-ol-blockchain-91bddc5321ec?source=rss----3a8144eabfe3---4

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