Crypto Academy Week 9 - Homework Post for [Lección 9 of @yousafharoonkhan ]

Good evening colleagues , dear in the following post I will explain for me what are centralized and decentralized schemes.

Question No. 1:
Write the definition of decentralization and centralization in your own words. Explain these two systems in your own words.

Decentralization for me is freedom, it is the future, it corrects many problems of distrust, control of capital, security of capital, correct maintenance, decisions taken for the common good, among many other opportunities that technology offers us.

Centralization for me is exploitation, we are all exploited by a central entity that only wants to earn at the expense of others, there is a loss of trust, loss of capital, high levels of commissions that should be the other way around due to the high volume of users, this is something that will undoubtedly remain in the past and will disappear.

Question 2:

Explain in your own words the difference between decentralization and centralization system or compare both in your own words.

The difference between decentralization and a centralized system are opposite in both platforms the centralization uses the exploding energy of its users, it works worse than a bank with the funds 80% air 20% real USDT
it generates many unrealistic problems for the users to solve by charging commissions for them, it is true that it creates extremely high price increases but the people who suffer from the collapses are many more than those who manage to earn something.

On the other hand a decentralized platform like this one is expensive, not very efficient but it promises the fundamental pillars for a platform to have a future, it is worked by users and does not disappear from one day to another, it works with the best options that its users can give to the platform, it solves real problems so that the execution is correct, it creates many more friendships and process together protects the overnight blocking of your trading accounts has many benefits ;).

Question no 3:

Write five advantages and five disadvantages of decentralized and centralized system.

Five advantages of centralized system.

• A lot of exchange volume

• rigged events that you can win something

• regulated by entities of dubious provenance

• are constantly on TV

• create false expectations of abundance

Five disadvantages of a centralized scheme

• They can shut down overnight and rob you of your funds.

• They can freeze your bank accounts overnight

• Their balance sheet may not be real and they may operate worse than a bank

• They create false expectations to generate volume

• You can be compromised with big international scandals

Five advantages of a decentralized system.

• You are free to do what you want on the platform.

• They can't freeze your assets overnight.

• Efficiency is linked to progress, not exploitation.

• You can be anonymous if you wish

• You are not prosecuted for misleading advertising

Five disadvantages of a decentralized system.

• High access fees for early technology.

• You must wait for confirmation from the blockchain.

• Problems that can arise from blockchain hacking.

• Can be hacked into a smart contract.

• Low exchange volume.

Question 4:

Which one is better for business / commerce and why?

At this moment the best for doing business is a centralized network, you have many factors that make it easy for a common user experience, you can add volume with the security that you can reverse steps achieved, you have much more power in front of the market to manage.

Question 5:

How to know if a blockchain is decentralized or not? You can describe any method, but in your own words.

It is difficult to know when a blockchain is decentralized or centralized but you can execute an action of ill will on the network if you are heard and they foresee a community solution it is probably decentralized but if they revert directions or overnight update with a solution it is probably centralized things work with stress is the only way to know if something is decentralized or not.

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