What are the key differences between blockchain and traditional databases?
An example of an AI chatbot conversation about blockchain vs traditional databases.
What are the key differences between blockchain and traditional databases?
Blockchain is decentralized and immutable, while traditional databases are centralized and can be modified.
Can you explain what decentralization means in this context?
Decentralization means that no single entity controls the entire database; instead, it's distributed across multiple nodes.
What are some use cases where blockchain is preferred over traditional databases?
Blockchain is preferred in scenarios requiring transparency and security, like supply chain management and cryptocurrency.
Are there any downsides to using blockchain instead of traditional databases?
Yes, blockchain can be slower and more resource-intensive than traditional databases, especially for large transactions.
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