Blockchain VS Traditional Databases: Which one is Better?

WHAT IS THE DIFFERENCE BETWEEN BLOCKCHAIN VS TRADITIONAL DATABASES?

Like so many people, you have an interest in emerging and evolving technologies. And who could blame you? We live in a fast paced world. Hence if you want to survive in it, you must adapt to the occurring changes. It is of little importance who you are. You can be running a business, or you might even be a student just like me. The point is, no matter who you are, everyone should know what blockchain is. It is especially important if you want to improve your standing in the job market. Today I will write about comparing blockchain vs traditional databases.

WHAT IS THE DIFFERENCE BETWEEN CENTRALISED, DECENTRALISED, & DISTRIBUTED COMPUTING?

Most people these days use computers, and they know that computing is an activity performed in order to reach a goal by using computers. But there are still some unanswered questions. First of all, what is the meaning of centralised, distributed, and decentralised computing?

CENTRALISED COMPUTING

Centralised computing is a sort of computing where all the computing calculations are done on a single server (a computer program or a device that provides functionality for other programs or devices called clients) or client. As an example, the computer you are reading this blog from is a form of centralised computing because you are the only one who is in control of what is going on on the computer.

DISTRIBUTED COMPUTING

Distributed computing is a sort of computing where a network of servers & clients divided or split the computer calculations, but all the decision making goes through a single point of authority. An example of distributed computing is when we have a large task, and we make many different computers work on that one task.

DECENTRALISED COMPUTING

Decentralised computing runs completely without a central point of authority. The network regulates itself because its users are making decisions as a whole. An example of this type of computing is blockchain technology.

WHAT ARE THE BENEFITS USING A DECENTRALISED NETWORK OVER A CENTRALISED?

It is more secure to use a decentralised network since there is no single point of authority, and therefore hackers cannot take down the network, or hack it in any way. Single point of authority means that there is one point of authority (a single person / computer) controlling the whole network of computers. If it gets hacked, a lot of confidential information might be compromised. It is more democratic to use a decentralised system because it is ruled by it’s users. The last benefit I will talk about is that there is no trust involved in the decentralised system because it makes scams, information fraud, and transaction altering impossible. This shows that decentralised computing is safer, more democratic, and based on a trustless system.

WHAT ARE THE DRAWBACKS OF USING A DECENTRALISED NETWORK OVER A CENTRALISED?

There are couple of drawbacks. It is very difficult to run and maintain a network when there is no single point of authority. Other than that, the decision making process is extremely time consuming. This shows that decentralised computing is more expensive, and less efficient than the centralised and distributed computing. Sometimes having an authority is not bad at all.

My name is Evgenii Tilipman, and I am Passionate about making cryptocurrency and blockchain technology education easy. Founder at www.tilitalk.com.