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But isn't there still a cost advantage? Rather than securing a centralized database you simply create a coin secured by the Blockchain?
by as300 9y ago
But isn't there still a cost advantage? Rather than securing a centralized database you simply create a coin secured by the Blockchain?
- fwdpropaganda 9y agoI don't know. How much does it cost to run things on the blockchain. Someone must be paying. How much does it cost you to spin up on MySQL instance, replicated in all AWS datacenters?
- unclebucknasty 9y agoYeah, it's easy enough to spin up a DB on RDS, but using the blockchain does offload the need to secure the database (and securing infrastructure in general, at least where managing the token is concerned). There's also no dependency or trust on hexel per se once the coin is created. They can disappear, but the contract/token lives on. Definitely upside for using Ether, but comes at a price in transaction time and money.