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MyEtherWallet VS PostgreSQL

Compare MyEtherWallet VS PostgreSQL and see what are their differences

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Contents:
  1. ยป Base Details
  2. ยป Videos
  3. ยป Reviews
  4. ยป Alternatives

MyEtherWallet logo MyEtherWallet

MyEtherWallet is a free, open-source, client-side interface.

PostgreSQL logo PostgreSQL

PostgreSQL is a powerful, open source object-relational database system.
  • MyEtherWallet Landing page
    Landing page //
    2023-04-05
  • PostgreSQL Landing page
    Landing page //
    2023-10-21

MyEtherWallet features and specs

  • User Control
    MyEtherWallet (MEW) is a non-custodial wallet, meaning users have full control over their private keys and funds, enhancing security and autonomy.
  • Open Source
    Being open-source software, MEW allows users and developers to review its code, enhancing transparency and security.
  • Compatibility
    MEW is compatible with various hardware wallets like Ledger and Trezor, providing additional security options for users.
  • Wide Range of Tokens
    MEW supports a wide variety of Ethereum-based tokens (ERC-20), making it versatile for different types of users and use cases.
  • Integrated with DeFi
    MEW offers integration with decentralized finance (DeFi) platforms, enabling users to easily access various DeFi services.
  • Web and Mobile Access
    MEW offers both a web interface and a mobile app, allowing users to access their wallets conveniently.

Possible disadvantages of MyEtherWallet

  • User Responsibility
    As a non-custodial wallet, users are fully responsible for managing their private keys. Losing keys means losing access to funds, and there is no way for customer service to recover them.
  • Phishing Risks
    Being a popular online wallet, MEW is often targeted by phishing attacks. Users must be cautious to ensure they are using the correct website.
  • Technical Knowledge
    MEW may require a certain level of technical knowledge to fully utilize its features, which could be a barrier for beginners.
  • Limited Support
    MEW has limited customer support compared to custodial wallets, which might be a challenge for users needing immediate assistance.
  • Security Risks
    Since MEW is primarily a web-based wallet, it can be vulnerable to online threats and hacking risks. Users need to implement strong security practices.

PostgreSQL features and specs

  • Open Source
    PostgreSQL is an open-source database management system, which means it is free to use, modify, and distribute. This reduces the cost of database management for individuals and organizations.
  • ACID Compliance
    PostgreSQL is fully ACID (Atomicity, Consistency, Isolation, Durability) compliant, ensuring reliable transactions and data integrity.
  • Extensible
    PostgreSQL is highly extensible, allowing users to add custom functions, data types, and operators. This enables tailored solutions to specific requirements.
  • Advanced SQL Features
    PostgreSQL supports advanced SQL features like full-text search, JSON and XML data types, and complex queries, providing powerful tools for database operations.
  • Community Support
    There is a strong and active community around PostgreSQL, offering extensive documentation, forums, and collaborative support, which aids troubleshooting and development.
  • Multiple Indexing Techniques
    PostgreSQL offers a variety of indexing techniques such as B-tree, GIN, GiST, and BRIN, allowing for optimized query performance on various data types.
  • Cross-Platform Availability
    PostgreSQL runs on all major operating systems (Windows, MacOS, Linux, Unix), giving flexibility in deployment and development environments.

Possible disadvantages of PostgreSQL

  • Complex Configuration
    Setting up and configuring PostgreSQL can be complex and time-consuming, especially for beginners, requiring a good understanding of its parameters and best practices.
  • Heavy Resource Consumption
    PostgreSQL can be resource-intensive, consuming significant CPU and memory compared to other database systems, which may affect performance on lower-end hardware.
  • Backup and Restore Process
    The backup and restore process in PostgreSQL is not as straightforward as in some other database systems, requiring more manual intervention and understanding of tools like pg_dump and pg_restore.
  • Replication Complexity
    While PostgreSQL supports replication, setting it up can be more complex than some other databases. Advanced configurations like multi-master replication can be particularly challenging.
  • Steeper Learning Curve
    Due to its advanced features and extensive capabilities, PostgreSQL can have a steeper learning curve, making it harder for new users to get started compared to simpler database systems.
  • Less Third-Party Tool Support
    PostgreSQL has less support from third-party tools compared to more widely adopted databases like MySQL, which can limit options for auxiliary functions like administration, monitoring, and development.

Analysis of MyEtherWallet

Overall verdict

  • MyEtherWallet is a good option for those looking to manage Ethereum and ERC-20 tokens. Its ease of use, security features, and flexibility make it a viable choice for both new and experienced cryptocurrency enthusiasts.

Why this product is good

  • MyEtherWallet (MEW) is popular among users for its ease of use, especially for beginners in the cryptocurrency space. It allows users to create wallets for Ethereum and ERC-20 tokens without the need for third-party software. MEW is also a non-custodial platform, meaning users have full control over their private keys and funds, enhancing security. The platform supports hardware wallet integration and provides a simple interface for managing Ethereum-based assets.

Recommended for

    MyEtherWallet is recommended for those who are comfortable managing their private keys and prefer a non-custodial solution to hold Ethereum and ERC-20 tokens. It is especially suitable for users who value integration with hardware wallets for enhanced security.

Analysis of PostgreSQL

Overall verdict

  • Yes, PostgreSQL is considered a high-quality and reliable database management system, suitable for a wide range of applications, from small-scale personal projects to large enterprise systems.

Why this product is good

  • PostgreSQL is known for its strong support of SQL standards and excellent documentation, making it reliable for complex database requirements.
  • It provides advanced features such as multi-version concurrency control (MVCC), point-in-time recovery, and support for advanced indexing techniques.
  • PostgreSQL offers robust performance optimization options, powerful extensions, and a highly customizable platform.
  • It has a strong open-source community, ensuring ongoing improvements and support.
  • PostgreSQL is compatible with popular development frameworks and languages, enhancing its versatility.

Recommended for

  • Organizations seeking a scalable and stable database solution with strong compliance with SQL standards.
  • Developers who need advanced features like custom data types and indexing capabilities.
  • Projects requiring robust transactional integrity and data consistency.
  • Businesses looking for a cost-effective open-source database solution with active community support.

MyEtherWallet videos

+ Add

How Create MyEtherWallet (MEW) Account | Complete Tutorial 2020

More videos:

  • Demo - How To Use MyEtherWallet: Demo & Review
  • Review - Setting Up & Using MEWconnect with MyEtherWallet

PostgreSQL videos

+ Add

Comparison of PostgreSQL and MongoDB

More videos:

  • Review - PostgreSQL Review
  • Review - MySQL vs PostgreSQL - Why you shouldn't use MySQL

Category Popularity

0-100% (relative to MyEtherWallet and PostgreSQL)

MyEtherWallet

PostgreSQL

Cryptocurrencies
100 100%
Cryptocurrencies
0% 0
Databases
0 0%
Databases
100% 100
Cryptocurrency Wallets
100 100%
Cryptocurrency Wallets
0% 0
Relational Databases
0 0%
Relational Databases
100% 100

User comments

Share your experience with using MyEtherWallet and PostgreSQL. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare MyEtherWallet and PostgreSQL

MyEtherWallet Reviews

Top DeFi Wallets
In the earlier days, wallets such as MyEtherWallet dominated the market while providing clunky UI/UX. Fortunately, within the past year, many wallets have upped their game and are creating better interfaces with significantly better user experience.
Source: defirate.com

PostgreSQL Reviews

Database Management Systems (DBMS) Comparison: SQL Server, MySQL, PostgreSQL, MongoDB, Oracle
Choosing the right database management system (DBMS) is a crucial decision that directly impacts your projectโ€™s performance and scalability. With a variety of options โ€” SQL Server, MySQL, PostgreSQL, MongoDB, Oracle, and more โ€” each offering unique features and capabilities, itโ€™s important to carefully match the type of database software to your specific needs. Consider...
Source: blog.devart.com
20 Best Database Management Software and Tools of 2026
Yes, several tools, such as MySQL, PostgreSQL, and MongoDB, offer free versions. While these are robust, enterprise editions or add-ons may come with additional costs for advanced features and support.
Source: infomineo.com
Data Warehouse Tools
Peliqan acts as a bridge, allowing you to e.g. effortlessly pull your PostgreSQL data into Google Sheets for easy access and analysis using its one-click connector. Additionally, Peliqanโ€™s platform provides a user-friendly environment for data exploration, transformation with Magical SQL, and visualization capabilities, all without needing to switch between multiple tools.
Source: peliqan.io
Top 5 BigQuery Alternatives: A Challenge of Complexity
For over three decades, the open-source object-relational database system PostgreSQL has maintained its reputation as a top SQL server due to its features, performance, and reliability. (Heck, Redshift is even based on Postgres!) It's the go-to database solution for large corporations and organizations across a variety of industries from ecommerce to gaming to...
Source: blog.panoply.io
10 Best Database Management Software Of 2022 [+ Examples]
Applications Manager offers out-of-the-box health and performance monitoring for 20 popular databases including RDBMS, NoSQL, in-memory, distributed, and big data stores. It supports both commercial databases such as Oracle, Microsoft SQL, IBM DB2, and MongoDB as well as open source ones like MySQL and PostgreSQL.
Source: theqalead.com

Social recommendations and mentions

Based on our record, MyEtherWallet should be more popular than PostgreSQL. It has been mentiond 55 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

MyEtherWallet mentions (55)

  • WELCOME NEWCOMERS!!๐ŸŽ‰๐ŸŽ‰
    Never share your private key/recovery phrase (same thing in different form). I made one exception to this, which was to use myetherwallet.com to generate my private key from the reovery phrase, then use my private key to import my account into metamask. Source: almost 4 years ago
  • MEW v5 sunsetting on October, 4th 2022!
    In order to prevent any issues with wallet access after the sunsetting of MEW v5, try out our current version of MEW at https://myetherwallet.com. Source: almost 4 years ago
  • How to find and unstake HEX without Metamask access - is it possible?
    If you have the mnemonic seed phrase, you can find out what the corresponding Private Key/Ethereum address is, for example, with myetherwallet.com. However, any Ethereum wallet works for this, Electrum or Exodus are also legit choices and always safer choices than an online wallet provider. Source: almost 4 years ago
  • What is the absolute most secure way to create an Ethereum wallet?
    Visit website to create public and private key (like myetherwallet.com). Source: over 4 years ago
  • Lost 17,000 $ of ETH due to hacked Metamask wallet
    Thank you! I just checked that. The account is newly created, it was only connected to myetherwallet.com. Maybe the whole Metamask wallet was compromised so the hacker can access to all the accounts within it. Source: over 4 years ago
View more

PostgreSQL mentions (19)

  • Create an API - Project Setup
    In this new series we will be creating an API written in go, using a framework like Chi, connecting to a PostgreSQL, and have it deployed to a site like Railway. - Source: dev.to / 4 months ago
  • PostgreSQL vs MySQL 2026: Which Database Wins for Modern Apps?
    PostgreSQL 17 Performance Guide โ€” Official docs for the latest performance improvements. - Source: dev.to / 4 months ago
  • #5 - 'The Power of [Separation] Compels You!'
    You also might be saying, Why not include the credit and attribution data with the product data and just use one data file? Thats a great question. I could have for the purpose of this demo, but if there were a backend to this project and a relational database like PostgreSQL attached to it, I would still have both sets of data in separate tables in the database. By using a foreign key between related records in... - Source: dev.to / 10 months ago
  • Convert insert mutation to upsert
    In this quick post, weโ€™ll walk through implementing an Upsert operation in Hasura using PostgreSQL and GraphQL. - Source: dev.to / almost 2 years ago
  • Perfect Elixir: Environment Setup
    Iโ€™m on MacOS and erlang.org, elixir-lang.org, and postgresql.org all suggest installation via Homebrew, which is a very popular package manager for MacOS. - Source: dev.to / over 2 years ago
View more

What are some alternatives?

When comparing MyEtherWallet and PostgreSQL, you can also consider the following products

Toshi - A browser for the Ethereum network

MySQL - The world's most popular open source database

Exodus.io - All-in-one app to secure, manage and exchange blockchain assets.

Microsoft SQL - Microsoft SQL is a best in class relational database management software that facilitates the database server to provide you a primary function to store and retrieve data.

Jaxx - Jaxx.io is a blockchain wallet available as desktop software, a mobile app, or as a Chrome extension

SQLite - SQLite Home Page

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