How does block storage performance (read/write) verses local droplet drives?

(At other providers the block storage is 5 times slower.) I would like to provide shared hosting, would serving website files from block storage be ill advised? thanks.

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Block does not necessarily have to be slower.

Good shared block solutions are same performance or faster than local SSDs :)

Block storage by virtue of being network attached will be slower than local storage. That said, serving static content and website files is a very good use case for block storage.