Blockchain and cryptocurrency are often used interchangeably, but they are different concepts. A blockchain is a decentralized digital ledger that records transactions chronologically and publicly in a secure and immutable way. This technology allows for the transfer of digital assets without the need for intermediaries like banks or other financial institutions.
Cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are based on blockchains, but not all blockchains are used to support cryptocurrencies. Cryptocurrencies are also used for their potential to increase an individual’s wealth, as the value of certain tokens can rise significantly.