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not all users agree on. Besides that, centralized marketplaces are more vulnerable to hacking and have larger chances of error. This is because the network depends on one aspect.</p>\n<p>A decentralized marketplace trades, on the other hand, are done by the traders only, by using <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract/">smart contracts</strong></a> to transfer funds. In addition, they are more transparent since traders are obligated to reach an agreement on information and data that runs on the exchange.</p>\n<p>This is due to the fact that there are no extra authorities and the expenditures are far more manageable. If both buyers and sellers agree on the terms, the transaction is completed instantly. Also, traders do not need to be in the same location to conduct a deal.</p>\n<p>Each trader obtains a replica of the exact same information, hence, <strong>they do not need to personally know or trust the other person.</strong> In regards to that, if the trade terms are not satisfied or if the information is corrupted or manipulated, the transaction will not be carried out.</p>\n<p>Even though decentralized marketplaces are the most frequently utilized for cryptocurrencies, investors can also trade <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-non-fungible-token-nft/">NFTs, real estate, or even patented innovations or intellectual property.</p>","level":"easy","meta_title":"What is Decentralized Marketplace? 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There is an option to keep information on <a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">Ethereum <strong>or other blockchains</strong>, nevertheless, the costs are very high. In regards to that, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-are-decentralized-applications-dapps/">dApps choose to put their data in the hands of <strong>centralized storage solutions.</strong></p>\n<p>Even though centralized storage solutions are more budget-friendly, they are less secure and more vulnerable to manipulation.</p>\n<p>Some great features of a decentralized database include ultimate privacy because of the advanced sharding techniques to make sure the full privacy of information is achieved. Besides, all of the information is repetitively kept in <strong>several nodes across the globe</strong>.</p>\n<p>This prevents failure. Indicating that even if a couple of nodes break down, the information will be accessible. Also, as the result of blockchain technology utilization, <strong>the information can&rsquo;t be corrupted.</strong></p>\n<p>Speaking of enterprise-level dApps, these need high <strong>scalability,</strong> which a decentralized database can also provide by storing information in separate nodes.</p>\n<p>Because all documents and information are kept across numerous nodes, users have rapid access to the information. The underlying technology is being developed in order to install and alter the placement and number of nodes to give quicker speeds.</p>\n<p>However, developers still come across the debate of whether to choose poor data protection or huge prices. Decentralized databases appear like the best alternative by providing users with a <strong>censorship-resistant way of keeping information, that will be completely protected, as well as always accessible.</strong></p>\n<p>Decentralized databases make use of blockchain stacks that have been specifically tailored for database activities. The innovative data delivery network protects customers' intellectual property from data leaks, hitches in performance, and network outages.&nbsp;</p>\n<p>It is the environment in which you spend the least amount of money for storage space and read/write access. While you are also benefiting from characteristics like<strong> high scalability, censorship and tamper-proofing, and unrivaled security.</strong></p>\n<p>Besides, in a decentralized database, the fundamental blockchain technology offers 100% availability to data. Every document is copied across multiple storage nodes worldwide. This decreases the storage costs and makes sure that the information can be accessible even in a scenario where one or multiple modes break down.</p>","level":"medium","meta_title":"What is Decentralized Database? Definition & Meaning | Crypto Wiki","meta_description":"Decentralized Database meaning: Decentralized Database - is a storage system that combines decentralized technology with cutting-edge computers to store information and documents at random among several nodes.","meta_keywords":null,"language":"en","created_at":"2022-03-02T14:02:55.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-decentralized-database"},"currentChapter":"D","currentSection":"what-is-decentralized-governance","chapterTitle":"D","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-decentralized-governance","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">