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The blockchain is not a cryptocurrency and and it is not a synonim for bitcoin. It is the technology that Bitcoin and other cryptocurrencies use to maintain transparency, security, and efficiency. A digital currency is not a cryptocurrency, if it isn’t on the blockchain. Blockchains do not need to be attached to cryptocurrencies, in fact, they can manage many forms of assets such as gaming items, reward points, and electoral votes. Nowadays, most databases are stored on centralized servers that are controlled by a single entity, whereas a blockchain is database that is managed by a large number of computers that are perpetually synchronized with each other while being controlled by completely separate entities. This level of decentralization ensures no single party can make autonomous decisions that impact the greater community’s sovereignty.

Cryptocurrencies are an advanced form of digital currency that is regulated and governed by an algorithm on the blockchain. They have similar properties to physical money (banknotes and coins), but they also enable the immediate transfer of funds anywhere in the world. The inherent decentralization of cryptocurrencies means that your funds can not be frozen, seized, or devalued by hyper-inflation, offering a new level of person sovereignty within the global digital economy.