Blockchain is designed to work in a decentralized manner, whereas the databases are always centralized . This unique feature of blockchain gives it the leverage it needs to become the next generation of technology.
Read moreWhat are the key features of the blockchain?
List of Top Blockchain Features
Read moreWhat is unique about blockchain?
It is an immutable public digital ledger , which means when a transaction is recorded, it cannot be modified. Due to the encryption feature, Blockchain is always secure. The transactions are done instantly and transparently, as the ledger is updated automatically.
Read moreIs Blockchain database a distributed database?
A blockchain not only allows to add new data to the database but it also ensures that all the users on the network have exactly the same data. Thus, a blockchain is a distributed and decentralised linked data structure for data storage and retrieval which also ensures that the data is resistant to any modification.
Read moreIs blockchain the best database?
Because a traditional database is centralized, it can be hacked and tampered with. Blockchain, on the other hand, is very difficult, if not virtually impossible, to compromise. So if you have sensitive data to store and require a database with high fault tolerance, blockchain is your best bet .
Read moreWhy should we use blockchain?
Blockchain helps in the verification and traceability of multistep transactions needing verification and traceability . It can provide secure transactions, reduce compliance costs, and speed up data transfer processing. Blockchain technology can help contract management and audit the origin of a product.
Read moreWhat kind of database is blockchain?
A blockchain is a digital ledger that stores data in blocks. These blocks are decentralized and broadcast across all nodes in the network. A traditional database, whether an RDMS or NoSQL databases, is also used to store data. … Blockchain vs. traditional database. BlockchainDatabasePermissionlessPermissionedTop 7 blockchain-based databases – LogRocket Blog blog.logrocket.com › top-7-blockchain-based-databases
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