Can cryptocurrency work without blockchain technology

0 votes
There are many applications of blockchain technology but all the cryptocurrency i have heard about uses blockchain. Is blockchain necessary for cryptocurrency? Can we build a cryptocurrency without blockchain?
Jul 11, 2018 in Blockchain by digger
 • 26,740 points • 609 views

1 answer to this question.

0 votes
Cryptocurrency do not compulsorily require blockchain.. What is important is the consensus algorithm and how nodes come to a consensus.. But most of them use blockchain because of blockchain's features. There are technologies like IOTA and many more advanced technology that can be used for cryptocurrency but they are not as popular as blockchain. Look up to "Bitcoin White Paper" to know why is has become so popular and why it is mostly used. And after that go through IOTA White Paper so you can understand how to can implement cryptocurrency without blockchain..
answered Jul 11, 2018 by slayer
 • 29,370 points

Related Questions In Blockchain

+1 vote
1 answer

Can a data be altered in a blockchain without changing its hash?

Yes, it should work. The authentication practice ...READ MORE

answered Apr 8, 2018 in Blockchain by Shashank
 • 10,400 points • 939 views
0 votes
1 answer

Can a hyperledger composer work without fabric installed?

The pre-requisites section of hyperledger composer explains ...READ MORE

answered Jul 24, 2018 in Blockchain by digger
 • 26,740 points • 747 views
+4 votes
4 answers

How does the blockchain verification process work?

First of all, when someone creates a ...READ MORE

answered Mar 26, 2018 in Blockchain by Perry
 • 17,100 points • 2,823 views
0 votes
1 answer

How can i read headers of blockchain in multichain?

You could use a recent feature known ...READ MORE

answered Mar 26, 2018 in Blockchain by Perry
 • 17,100 points • 749 views
0 votes
1 answer

Hyperledger Sawtooth vs Quorum in concurrency and speed Ask

Summary: Both should provide similar reliability of ...READ MORE

answered Sep 26, 2018 in IoT (Internet of Things) by Upasana
 • 8,620 points • 1,473 views
0 votes
0 answers

How to add a new organisation to an existing channel in hyperledger fabric without creating a new node/peer for that organisation. Can we add a organisation which does not contain any nodes?

May 2, 2019 in Blockchain by anonymous
 • 5,206 views
0 votes
1 answer

Invalid Batch or signature in Savtooth

This will solve your problem import org.apache.commons.codec.binary.Hex; Transaction txn ...READ MORE

answered Aug 1, 2018 in Blockchain by digger
 • 26,740 points • 1,039 views
+1 vote
1 answer

What'd be the best database to store data on blockchain?

To read and add data you can ...READ MORE

answered Apr 25, 2018 in Blockchain by Christine
 • 15,790 points • 1,557 views
0 votes
2 answers

How can I make transactions to a blockchain from a remote device(like a cell phone)?

You can do this by developing a ...READ MORE

answered Jun 27, 2018 in Blockchain by Omkar
 • 69,220 points • 1,049 views
0 votes
1 answer

Where is the data stored in blockchain?

The smart contract is just the business ...READ MORE

answered Jun 29, 2018 in Blockchain by slayer
 • 29,370 points • 1,479 views
webinar REGISTER FOR FREE WEBINAR X
REGISTER NOW
webinar_success Thank you for registering Join Edureka Meetup community for 100+ Free Webinars each month JOIN MEETUP GROUP
"PMP®","PMI®", "PMI-ACP®" and "PMBOK®" are registered marks of the Project Management Institute, Inc. MongoDB®, Mongo and the leaf logo are the registered trademarks of MongoDB, Inc.