While appreciating the difference between Bitcoin and Blockchain a while ago, i found out that these two are no much of a different at all.
Reasons?
The major reason is that, the survival of both are hugely contingent on the survival of Either. if Blockchain dies Bitcoin and all other coins die too. if Bitcoin dies aint sure what will happen to Blockchain.
Refresh
Blockchain was built because of Bitcoin as a digital currency. With the intention of aiding the smooth use of Bitcoin.
Now, i want to believe that Bitcoin just as man can not live with out breath of life (Blockchain). Hence, in events when Blockcahin is down, Bitcoin suffers greatly.
This is evident in many real life crypto trading scenarios. in events when Blockchain has some technical problems transaction either go to halt or resort to delay.
My thought
And so i got thinking. Since it is significantly obvious what will happen when Blockchain goes down, it is not entirely clearly what exactly will happen should Bitcoin loss it value or dies.
My question?
Will the concept of decentralization die with it because Bitcoin failed?
what will happen to people funds stored and distributed on the Blockchain?
Blockchain is the technology we use and very important in cryptocurrency because it is the digital ledger in which the transactions made in bitcoin or another cryptocurrency are encoded chronologically and publicly. So,if ever bitcoin die of course the decentralization will be worthless in terms of bitcoin and other cryptocurrency but it is impossible to happen and it won't be happen as long as there is an internet we can use to make bitcoin transactions. Bitcoin will never die