CMCGlossary: Decentralized Database✨ A decentralized database is a modern-day storage solution that combines decentralized technologies with cutting-edge computing to randomly store data and files across multiple nodes 👉 Details:
Due to the rapid growth of blockchain products, there has been an increasing need for robust data storage solutions. While most DApps store data on blockchains like Ethereum, the costs are extremely high. As a result, most DApps are forced to migrate their data to centralized storage solutions. Unfortunately, despite the cost-effective nature of centralized storage solutions, they are vulnerable to hacks.
Accordingly, developers face the dilemma of choosing between sky-high prices and poor data security. Decentralized databases solve this dilemma, offering users the ability to store their intellectual property in a manner that’s censorship-resistant, fully secure, and always available. In a decentralized database, the underlying blockchain technology provides 100% access to data in a distributed way. Each file is replicated across several storage nodes worldwide, lowering the storage costs and ensuring that the data is available even if one or more nodes are down.
Decentralized databases use clusters of blockchains customized primarily for database operations. The advanced data delivery network protects your intellectual property from data breaches, performance hiccups, and network failures. It is an ecosystem where you pay the lowest costs for storage space and read/write access while enjoying features like high scalability, censorship and tamper-proof, and unmatched security.
Pavel often addresses panels and conferences related to digital media, technology and finance. In addition, he is also a contributing writer for The Huffington Post, Forbes, Venture Beat and Fast Company.
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