donty
  • Say Helloo to Donty
  • Getting Started
    • Core Value
    • What Inspired Donty?
    • Blockchain vs Traditional Donations
      • Cost Comparison
      • Market analysis
      • Why Donty Matters
    • What can I do on Donty ?
      • Connect Wallet
      • NFT
      • Staking
      • Donation
      • Create Event
      • Validator
    • Which Network Does Donty Support?
    • Development Stack & Tools
    • System Architecture
      • Presentation Layer (Frontend)
      • Application Logic Layer (Backend)
      • Smart Contracts Layer (Backend - Base Sepolia)
      • Analytics & Observability
      • Security Measure
    • RoadMap
    • How do I get Base Sepolia ETH?
    • FAQ
    • Team
    • References
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  1. Getting Started

Blockchain vs Traditional Donations

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Last updated 3 days ago

  1. Transparency: Blockchain donations are fully transparent through a public ledger, while traditional donations have limited transparency and rely on organizational trust and reporting.

  2. Transaction Speed: Blockchain enables near-instant transactions (depending on the blockchain), while traditional donations are slower, especially for cross-border payments.

  3. Fees: Blockchain donations typically incur lower fees, especially for global transfers, compared to higher fees in traditional banking systems.

  4. Global Access: Blockchain is accessible worldwide without restrictions, whereas traditional systems are limited by banking regulations and access barriers.

  5. Accountability: Blockchain offers real-time tracking of donations via smart contracts, while traditional systems depend on trust in reports and internal processes.