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Blockchain Technology / Re: How does blockchain identity management address privacy concerns?
« on: January 16, 2024, 08:18:48 AM »On the other hand, the cost of securing data is large, and not everyone will be able to RUN full node, which makes it centralized.
Addressing your concern about the cost of securing data and the challenges of running full nodes, it's true that these are practical considerations. However, as technology evolves, solutions are emerging to make blockchain more accessible and cost-effective.
Moreover, the potential for hybrid approaches, combining the strengths of blockchain with off-chain solutions, holds promise. This could provide a balance between security, privacy, and affordability, making blockchain identity management more practical for a broader range of users.