00:00Then the mayor said, okay, so what should we name these two things?
00:04The professor said, hmm, good question.
00:07Well, I think we should name the record book block because it records the transactions in blocks.
00:13The mayor said, okay, I like that.
00:16And what should we name the coins?
00:18The professor said, hmm, well, I think we should name them crypto because they are crypto, unique and hard to
00:24counterfeit.
00:25The mayor said, great, from now on, we're going to use these cryptos and this blockchain to do all our
00:31transactions.
00:32And that's exactly what they did.
00:34Everyone in the village loved these new cryptos and blockchain technology.
00:39It made their lives so much easier and safer.
00:42They could now do their everyday transactions without fear.
00:45And that's pretty much the difference between blockchain and crypto.
00:48Cryptocurrencies are like the coins that people use to do transactions and the blockchain is the system that keeps track
00:55of all those coins and all the transactions that happen with them.
00:58Now they're S, obviously much more to both of them than that.
01:02But for now, I hope this story helped you understand the difference between them.
01:06And here's a little bonus.
01:07Did you know that Bitcoin is the first ever crypto?
01:10Satoshi Nakamoto, a person or a group of people, invented it in 2009.
01:15Bitcoin uses a similar technology called blockchain to keep track of all the transactions.
01:22However, there are many differences between the blockchain that Bitcoin uses is public, meaning anyone can view the transactions.
01:30Also, the blocks in Bitcoin's blockchain are created by miners.
01:34Miners are basically computers that run special software to guess a really hard math equation.
01:40When they find the answer, they get rewarded with bitcoins.
01:44Now, there's another type of blockchain that is not public.
01:47Ethereum also uses a blockchain to keep track of its transactions.
01:51But...
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