Block chain is Bitcoin
The biggest miss-conception of the people is that Bitcoin is Blockchain but which is no near to the truth. Bitcoin is cryptocurrency based on Blockchain concept and cryptocurrencies are a tip of the iceberg when it comes to the use cases of Blockchain.
Blockchain is not cryptocurrency
Hell No! Blockchain is concept on which cryptocurrency is based at.
Blockchain is for cryptocurrency
As I earlier said, Cryptocurrency is a small use case of Blockchain technology and it can be largely used in Telecom, Automotive, Medical, Virtual Reality sectors and almost all the sectors. We have implemented on many projects on Telecom, Banking, Automotive sector, Insurance and for Supply chain management.
Bitcoin is a cryptocurrency
Bitcoin is one of the cryptocurrency which are built on Blockchain concept. Others are Etherum, Cardano and Steller Lumen and so many more. Currently there are 1920 cryptocurrencies in the coin market and still counting.
ICO is a scam
Not really. ICO concept is mix of crowd funding and IPO concept using which companies generates money offering their token to build their product and launch their services, the concept was introduced by Mastercoin in 2010/2011 to provide early entry to small investors same as IPO.
Bitcoin is illegal in India and people owning the bitcoin will be jailed.
Bitcoin was never declared Illegal and but not declared as legal tender (this may not happen in near future) for that matter, please dont not listen to what your favorite news channels say
Bitcoin is bubble
Bitcoin is not a bubble but a technology revolution towards digital currency. Now alike many government, Indian Government is planning to build digital currency which will be secure and cost effective by avoiding the printing and transportation cost. For god sake, dont agree with new channel without your own research.
