The blockchain is another. In fact, just as the cloud displaced legacy enterprise applications, decentralized ledgers will soon replace centralized cloud-based systems. … And that’s why companies powered by blockchain technology will win the future: they simply provide a better way forward.
Is Blockchain a type of database?
Blockchain is simply a new type of database. Rather than traditional databases (SQL or NoSQL) that are controlled by single entities, blockchain can be shared by a group of non-trusting parties without requiring a central administrator.
What is the difference between Blockchain and database?
The primary difference between a blockchain and a database is centralization. While all records secured on a database are centralized, each participant on a blockchain has a secured copy of all records and all changes so each user can view the provenance of the data.
What database is used in Blockchain?
Blockchain Database does exist. A blockchain is kind of a database because it is a digital ledger that stores information in data structures called blocks. On the other hand, a traditional database is a data structure used for storing information.
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