Dad: Son, what is the difference between blockchain and Bitcoin? Is there even a difference?

Son: Hi Dad,

"Blockchain" is the technology that underpins Bitcoin, and transactions are stored in blocks.

Think of it as a decentralized database or a decentralized ledger.

"Bitcoin" – the coins or the "value" – are the unspent transaction outputs that are stored on the blockchain.

Dad: Where on the blockchain?

Son: If the blockchain were a material flow or Sankey diagram, you would find the stored value at the ends of the diagram.

#Bitcoin