Blockchain vs Bitcoin: What’s the Difference?

DENVER, CO – Many would say that blockchain is driving the data center conversation, especially in regions such as the Mountain West, where the bitcoin business is booming. However, that doesn’t mean that everyone is on the same page just yet. So CapRE’s Second Annual Great Denver Data Center Summit last week featured a panel titled “The Next Chapter: Blockchain, Cryptocurrency and Bitcoin: What are They and How Do They Impact Data Center Design, Construction, Development and Operations?” and the conversation kicked off with a pretty broad topic. “Let’s talk crypto-currency vs blockchain,” suggested Moderator Rabin Mahanty, Director of H5 Data Centers to panelist Amber Hartley, Chief Corporate Development Officer for BurstIQ. “Let’s talk about what some of the misnomers might be.” “Blockchain is the technology platform that allows you to build immutable, auditable, longitudinal records in a distributed architecture,” began Hartley, dutifully. “The best way that I like to describe it, since I am not a technical person, is how I had to describe it to my seventy year-old mother when I got my job. And the way that I would describe blockchain is that, if you have an online checking account, you already know enough to understand what blockchain is.” “So if you go into your online checking account, and you’ll see a ledger. That ledger has debits and credits in it,” she continued. “It’s the very same principal with blockchain, except that there are some primary differences.…