Topic: DIFFERENCE BETWEEN TRADITIONAL DATABASE AND BLOCKCHAINS (Read 187 times)

Announcing MyEtherWallet v3.24.00: Difficulty Bomb&Updating blockchain

Due to the complexity of the Bomb and the increased risk of hacking, we pushed a rather drastic update that implements a number of changes and improvements, including enhancement of efficiency and scalability of the blockchain, acceleration of transaction speed, and additional security in the form new formats private keys which will help protect users against hacking.
If you are using private key or UTC, then you need to go into the wallet and update manually, otherwise they risk being unprotected.

How do i update my Ethereum wallet?

1. Go to our website MyEtherWallet.com
2. Unlock your wallet using your Keystore File (UTC / JSON) or simply use your private key.
3. Click Unlock and wait for the update.

Please note that you need to manually update your wallet, failure to do so may result in funds being lost.

We are taking these measures to protect both you and our network from phishing and malicious attacks.

Thank you for your cooperation and understanding!
MyEtherWallet Security Team.

If you use other methods, then ignore this message.

Yes blockchain is a decentralized database instead of a centralized one. This is one of the main feature of it. This makes it such that not only system admin can write and control the database, everyone can be a part of it and view the whole transaction history.

The major difference is the power of decentralisation from Blockchain technology.
Other features have similar but slight difference which can be achieved by the conventional database system.

The traditional systems are based on the centralized policy of a database system. On the other hand, the blockchain system is a decentralized one and is much more secure than the traditional one.

Decentralization is the biggest thing behind the popularity of blockchain. People are accepting it worldwide because of these characteristics of the technology.

I think transparency is a great feature of blockchain. It has reduced many types of corruptions which makes the platform greater.

It is, in short traditional database is keep by the authorized person while blockchain is not authotized by a person that means everywhere can be the database or the server itself and use for transparent transactions and more.

Actually traditional system of database is based on the centralized policy. This is also subject to risk of losing data by the authorized person. Whereas ther block chain system is decentralized and is highly secured than the traditional system.

There is a great difference between the traditional database and the blockchain. The blockchain database is highly secure and potential. It has been decentralized here that is not in the traditional database. More transparency here.

Thank you, i think this is definitely a good comparison and would give new comers understand more about blockchain.
But also note that, not every case is good to use blockchain, even if the blockchain system can be public, private or hybrid.

P.S. IBM has different use cases of blockchain technology and application with animation explanation, if you are a newbie, you should probably go and watch to gain more insight!

Blockchain will be definitely preferred than traditional databases due to its transparency, security, ability to store huge sets of information and data and last but not the least, it also removes all the possibility of data getting stolen once it is stored. Recently, Colombia also implemented blockchain to register their lands.

I also think that it is comparable because several server are performing together. I assume that if some block are shown it does not mean it can be improve and its possible to take an efficient one.

The traditional database is very dissimilar to Blockchain technology. Especially, as we know, Blockchain once entered any value in the chain cannot be changed or modified but in a traditional database, you can make an edition of your entered data value.

I believe it could somehow be comparable if, for example, several servers are acting altogether. Something like a servers farm or link weel servers, mixed with a load balancing?
If some blockchains are slow it doesn't mean it can't be improved and it's not possible to make an efficient one.
Only the blockchain is able to decentralize the data

A traditional database running on the world wide web uses client-server network architecture. The data is stored in a centralized server, wherein a user (client ) with the permission associated with their accounts can modify data whereas Blockchain consists of several decentralized nodes. In here every user or client or node participates in administration. All nodes verify new additions to the blockchain, and are capable of entering new data into the database. Each participant maintains, calculates and updates new entries into the database. All the nodes work hard to achieve a particular goal that is to arrive at the same conclusions as other nodes, providing in-built security for the network and making it difficult to tamper with.

The important points of difference:-

1.Transparency and Integrity

The key area of blockchain is ‘public verification’ which is enabled due to integrity and transparency function. This helps the users or clients to check all the details on the blocks. They are fully aware about what is going on in the blockchain. The traditional database on the contrary provides details to users or clients only after their credentials are authenticated. The authority provides only the required information and not everything.

2. Performance

Blockchains are considered slow databases, even though they are systems of records and are ideal as transaction platform. We know that the blockchain is improving day after day, but the nature of the technology requires sacrifice in terms of speed. Blockchain employes the distributed networks due to which they do not share compound processing power, they service the network independently, and then compare their work with other networks until the conensus says that something happened.

3. Decentralized Control

Blockchains allow different parties that do not trust each other to share information without requiring a central administrator. Transactions are processed by a network of users acting as a consensus mechanism so that everyone is creating the same shared system of record simultaneously. The value of decentralized control is that it eliminates the risks of centralized control. With a centralized database, anybody with sufficient access to that system can destroy or corrupt the data within. This makes users dependent on the administrators.

Blockchain network comes with a list of benefits over the traditional databases. Visit at https://www.digixhub.com to know about our Blockchain related solutions.