Cryptocurrency Q&A
Why is blockchain so expensive?
Why is blockchain so expensive?
Daniele
Sun Oct 13 2024
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7 answers
1513
I'm curious about the high cost associated with blockchain technology. Why does it seem so pricey compared to other technological solutions? Is it because of its complexity, security features, or some other factors?
7 answers
Alessandro
Mon Oct 14 2024
The estimated monthly cost for maintaining a private blockchain is approximately $1500, a figure that can vary depending on factors such as the blockchain's size, complexity, and the specific infrastructure requirements.
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BlockchainWizardGuard
Mon Oct 14 2024
Private blockchains necessitate a substantial investment in infrastructure, which encompasses various expenses related to their setup and ongoing maintenance.
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SamsungShine
Mon Oct 14 2024
This cost underscores the importance of careful planning and budgeting when considering the implementation of a private blockchain solution.
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DigitalDukedom
Mon Oct 14 2024
Moreover, it highlights the need for ongoing monitoring and optimization to ensure that the blockchain remains efficient and cost-effective over time.
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Federico
Mon Oct 14 2024
These costs can be significant, often involving hosting on cloud platforms that require recurring payments based on usage or capacity.
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