[Decentralization] - Steemit Crypto Academy Season 4 - Homework Post for Task 4
Radhey radhey ,jay shree krishna and very good morning to all this is again me and I am here with a new task and question that is :-
Define decentralization. Describe the advantages and disadvantages of a decentralized system. In what areas of life can a decentralized blockchain be helpful?
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Decentralisation:-
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Whenever we talk about decentralization it is something that is not managed or controlled by a few people rather it is managed by each and every user within the system.
In a decentralized application system all users are permanently involved once you choose. Everyone who got the name ahead or below has the power to show his contribution.
The decentralized application system creates the ability for all users to conduct real transactions between users, while not engaging middlemen, giving users peace of mind to carry out transactions at any time.
They do not need any restrictions from middlemen. A decentralized application system differs from a centralized application system in that it is entirely managed or controlled by a certain number of people, who are users of high reputation and are chargeable to set selections for all users.
Adhering to the system, plus users don't get peace of mind after you've been invoiced Moderators engage before your group's action is confirmed, for suburban systems users have precise management within the system And they will drive all the activities, while not the engagement of the moderators.
All users are connected to the suburban application system. Fully managed on your knowledge ally it is very secure against all hackers as only users have their own knowledge gateway when placed next to their centralized application system where their knowledge is completely controlled by users is not currently managed by the intermediaries in the Alternative Blockchain class measure.
To protect the data of your users by using the suburban application system as the system is associated whenever you are trying to display your data in the current block.
Advantages and disadvantages of decentralized system:-
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Advantages
Division of labour: The output of the service is distributed among many individuals at a speed and highly economical as 2 heads are considered more than one. Division of labor reduces stress and limits expectation from an individual.
Transparency: Decentralized systems provide room for trust without asking for it. The system combines the easiest way that empowers all the user to create a policy that allows the market to pay the exact fee, manage it correctly and teach on the safe thanks to the running of the system.
Better security: A suburban system provides authorization approval for the user's external limit, while not allowing a hack or hooliganism that eliminates the possibility of losing money, not like a centralized system where all of its security is highly it occurs.
Confidentiality: A suburban network does not disclose the identity of the owner or authorized personnel because a secret is used for the purpose of group action.
Management Flexibility: A suburban system will only be responsible for its history or past work because all systems are designed for the mass user and it provides a modified work space or space for easy adoption of equipment.
Disadvantages
Lack of information: The system provides space for any user to be the owner to grant rights, however most of those users are not well-versed about the policy to be followed to achieve the specified output.
Cost: Management costs are high when a large number of individuals become so large that one or one organization at a time takes over the entire system.
Prejudiced and difficult management: Each owner wants to have a policy that suits their own functions or perhaps authorizes the lower user to over ride and is not in line with the policy of different managers giving rise to difficulties.
In what areas of life can a decentralized blockchain be helpful?
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Education :-
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The education system is a level where I think the local system can be used. The system being suburban can facilitate within the power of the academic system. I firmly believe that spreading the application within the education system can help improve it in general and make work easier and a trusted place to learn.
In a suburban learning system the student's is not likely to be lost as it resides on separate computer nodes which can be evaluated at any time and if some students need the data for some reason in the future. Perhaps thanks to a legal reason or an inquiry about a student, his or her information can be easily assessed.
Today at least in my environment that is worth seeing during this centralized individualized learning system, most of the time when a student comes back to college once in a few years he is probably not prepared to do so because of the challenges. Thanks for emphasizing on their merit and some result we regularly solve that in some cases college is lost or no longer ready to give correct documents of this students because it is long time or where system, as a result It's lost. The college is not able to get its details due to complete closure or any alternate reasons.
Polity:-
Politics has grown tired of a very specific approach through the practice of suffrage. It facilitates the election of leaders to implement certain choices on behalf of the people. Elections are a very important moment in the lives of many voters as it often aims at choosing a decent and capable leader.
there will be no third party interference to control election results with the help of decentralized blockchain technology. If each eligible participant is given a special public key for an additional vote, the system turns off the double choice after accepting it. That approach would lead to much greater transparency and honest elections that are generally able to prevent political conflicts and wars.
Banking:-
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Many persons have to bear the burden of planning a bank to run a straightforward collective action that you can easily run from the comfort of your home. However, a return to decentralization can reduce the pressure of bank planning as well as avoid the risk of traveling with huge amounts of cash. Most people fall victim to fraud and the most hurt is simply because their checking account was hacked and this became possible because bank operations ended on a centralized network. However, with the implementation of decentralized blockchains in the banking industry, it will be difficult to hack customers' accounts.
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Conclusion:
This topic with the above discussion. So it has come to our notice that this system is a good system even though it has some drawbacks.
Imagine a country which is following this kind of system in its government, everyone will do what he likes, and it is definitely a loss. But this system can be very helpful for human especially in this present world.
#club5050 😀