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Are cryptocurrency and blockchain the same thing?
Nope! The technology behind cryptocurrencies, even popular ones such as bitcoin and Ethereum, is the blockchain technology. The need for the verification and authorization of fiat currencies like the US dollars and Euros by the government or the bank gave rise to the introduction of cryptocurrencies which is backed by blockchain technology.
Why is cryptocurrency used?
With the integration of blockchain technology in cryptocurrencies, there is no longer any centralized authority since the operations are distributed across computer networks. This also helps lessen the cost of processing and completing transactions.
Which companies use blockchain?
Some of the companies and organizations whose operations are done based on the blockchain technology and who offer most of the jobs written above include; Microsoft, International Business Machines (IBM), Facebook, Amazon, Allianz, FedEx, MasterCard, Walmart, and many others.