When it comes to blockchains that do not use cryptocurrency however miners will need to be paid or otherwise incentivized to validate transactions. It can hide your IP address and so the hackers cannot connect your wallet address to your original IP address and steal money. Blockchain Explained For Dummies Blockchain Blockchain Technology Technology Cryptocurrency mining is a process of verifying the transactions on the blockchain and adding it to the ledger. Does blockchain need cryptocurrency . When it comes to blockchains that do not use cryptocurrency however miners will need to be paid or otherwise incentivized to validate transactions. Cryptocurrency is simply the digital token or the digital value that is represented and stored in the blocks that form the ledger in the blockchain technology. When building a blockchain the process can take between one week and several months. The blockchain is an underlying technology behind the cryptocurrencies but can easily serve ...