@ashsovereign
Role of Blockchain in Web3 & Key Differences from Traditional Databases
Blockchain is the backbone of Web3, enabling decentralization, trustless transactions, and user sovereignty. It acts as a distributed ledger for transparent, immutable data storage and automates processes via smart contracts.
Key Differences:
Centralization vs Decentralization: Traditional databases are controlled by a single entity, while blockchain operates across a peer-to-peer network.
Immutability: Blockchain data is tamper-resistant; traditional databases allow edits.
Transparency: Public blockchains are open for verification, unlike opaque centralized systems.
Trust Model: Blockchain removes reliance on intermediaries through cryptographic consensus (e.g., PoW/PoS), whereas traditional databases depend on centralized authority.
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