Compared to traditional databases, blockchains are inherently inefficient due to their decentralized and distributed nature. However, this "inefficiency" is a feature that guarantees the integrity and security of the data stored on the blockchain. Decentralized blockchains eliminate central points of failure and enable trustless interactions between parties without intermediaries. This tradeoff in efficiency ensures users' autonomy while increasing transparency and creating more opportunities for innovation in various industries beyond just finance. #blockchain #decentralization