Given the vast amount of data exchanged, it’s necessary to have a secure database management system that stores and captures data. However, the current database management systems are strife with limitations and complications that makes data accessibility inaccessible.
In a centralized database, data is stored and maintained from a single point. An individual or a group of individuals have absolute power over the system, leaving users with no say in operating the system. Since data is stored on a single point, it becomes prone to risks of failure. Data could be wiped if the server is exploited. In addition, data privacy could be compromised.
Lack of privacy, high data traffic, and server vulnerability are some of the problems of centralized database management systems. Therefore, the call for a better data storage system has become widespread, leading to the emergence of decentralized database management systems like Inery.
Inery is powering the web3 vision of offering a decentralized and environmentally-secure solution focused on managing data and app deployment. The ecosystem shifts the paradigm in data management and app development with a scalable infrastructure to control, manage, access data, and facilitate app deployment efficiently.
Inery blockchain was created to cater to the increasing demands of developers seeking a scalable and cross-chain network in the DeFi space. As a cross-chain compatible blockchain, Inery enables data transfer without compromising security and privacy. It uses a Proof-of-Stake consensus mechanism that safeguards the network from hackers and facilitates high-speed transactions with low latency.
Inery layer-0 blockchain solves these problems with its eco-friendly consensus algorithm Proof-of-Stake and DAO governance mechanism. Stakeholders will be empowered to make quick decisions that affect the blockchain. The level of power depends on the number of stakes.
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Source: Cryptocurrency - investing.com
