Crypto Academy Season 3 Beginners' course - Homework Post for Task 2: Blockchain, Decentralization, Block explorer. || by @lesandra

in SteemitCryptoAcademy3 years ago (edited)

Greetings my dear friends of SteemitCryptoAcademy, today I continue my path in my learning, this time I will present my task number 2 of the fixed beginners course in the class of our teacher @yousafharoonkhan.

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INTRODUCTION

With the aim of facilitating the understanding of the noun decentralization, I provide it the form of a verb like this: “decentralize”, and I confront it with its opposite which in this situation might be “centralize”, the latter being understood because the movement of putting some thing withinside the center of a size of time or space, at the same time as decentralizing is taking farfar from the middle.
The time period decentralize is closely connected to institutional work, given that in popular it refers back to the organization of current institutions that intend to delegate functions through handing over authority, or those who withinside the process of being set up plan their lines of strength shared with departments or organized sections with capability selection making, both at vertical or horizontal levels

Define decentralization. Describe the advantages and disadvantages of a decentralized system. In what areas of life can a decentralized blockchain be useful? (write in your own words).

Decentralization is a time period that identifies the technique by which a important entity cedes authority and delegates responsibility for its capabilities, distributing them amongst various departments, sections, and officers connected to its environment. In decentralized environments, strength isn't always exclusive to a important monopoly that imposes selections made in a unidirectional and arbitrary manner. In this type of surroundings, all the ones involved have quotas of power and are responsible for the choices they make, the success or failure of the activities they increase, will depend on their capacity to set up relationships, join positively and be assertive in their very own movements. The main function of decentralized systems is freedom of movement, given that there may be no important entity in fee of censoring the movements of every individual, quite the contrary, every difficulty being answerable for their movements from way of means of themselves might be decreeing their achievement or failure.

As the problem to hand right here is the blockchain environment and its innovative decentralized device, the pleasant example we will take is the Steemit social network, which in contrast to different structures that continue to be connected to a centralized device, from that may control, censor and restrict the freedom of expression in their users, gives an surroundings of free will wherein every consumer has the opportunity to behave primarily based totally on their very own criteria, taking part in the empowerment that may be finished via way of means of itself with out important entities that restriction your personal growth.
Steemit users do now no longer ship our facts to servers that act as a set middle and therefore have the energy to deny get admission to to our very own facts or even near our account if the policies imposed via way of means of the company aren't followed. In Steemit every consumer maintains private facts at the laptop they use, with which every computer turns into a node withinside the community formed via way of means of anyone who're a part of this platform, every computer turns into its personal server, in order that 1/3 celebration access to our private information is impossible.
It is essential to undergo in thoughts that Steemit as a decentralized medium is based on a blockchain or device organized in hyperlinks made from blocks containing a fixed of information that provide it a completely unique identification at the same time as connecting them with a common starting place that offers validity to the facts in they contained, that is the particular validation code identified as "hash" and that as a genetic mark turns into a part of the identification of every new block this is generated withinside the blockchain with out affecting the autonomy of every one in unique. In this blockchain, every consumer has been delegated capabilities that provide them freedom of their movements, setting up relationships among everybody for his or her very own benefit and that of the platform.

Describe the advantages and disadvantages of a decentralized system.

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ADVANTAGESDISADVANTAGES
When thinking about the advantages of the decentralization system, we should recognize that there are many advantages of this type of system and also a Decentralized systems supply complete freedom of expression in this sort of manner that everybody has free will whilst making decisions.As it's far a system wherein every one has autonomy to perform their transactions, it may lend itself to immoral human beings to perform criminal acts withinside the area of finance, via way of means of shifting their cash to illegal or non-transparent business representatives.
When all people is empowered to develop their talents, they could flow from a lifestyles of need to a extra wealthy future.It is a place wherein excessive economic figures are handled that require very particular transactions, with none margin of error, given that they can not be reversed and therefore whilst carrying out an operation with the incorrect recipient, the loss isn't always repairable.
The level of transparency this is controlled in a decentralized system hinders the improvement of acts of fraud and corruption. And also This type of system offers responsibility to members of society to stay in freedom and forge their autonomy in lifestyles.The very possible safety capabilities deliver a few disadvantage if there may be human error, because of this highly qualified employees with excellent salaries are required to operate, which will increase working costs.
Through decentralized structures, financial operations may be achieved with a higher rate of effectiveness and efficiency.For this surroundings, relying on how it's far used, time may be a disadvantage. In selection making, the time aspect is a fundamental aspect and withinside the world of cryptactives even extra so, due to the fact volatility is one in all its hallmarks of identification, in this sort of manner that via way of means of moving into a rush and making the incorrect selection in a device that It does now no longer have a opposite poor results may be of top notch proportions.
The international and actual-time communication of facts is absolutely possible.Applying decentralized structures withinside the controversial world of governmental powers can make contributions to the sanitation and right use of public money.As it's far implemented withinside the fitness zone whilst indicating a drug the observance of the risk / advantage, right here we should study that once evaluating blessings / disadvantages, there are extra advantageous factors than poor ones and those are possible for optimization.

In what areas of life a decentralized blockchain would be useful.

Health sector.

At present we have seen the great importance of the maintenance of health for the best development of lifestyles on the earth and that every one regions of society can feature properly, we've got additionally verified the want to hold excessive communique requirements on this area with the goal that advances in medicine are in the reach of fitness guardians international, given that that is in which the benefit of getting a health system supported by a decentralized chain of blocks fits in through which from any point of the planet can check in a affected person together along with his signs and unique signs to be studied, compared and identified through eminent fitness professionals.
With the benefit of transfers and communication in actual time, the health system registered in a blockchain will allow human beings in transit through exceptional nations to have immediate medical interest charged to the fitness device in their usa of starting place.
Its software with regards to the price range allotted to the health area, its transparency and correct management might additionally be interesting.
Land registry and notarization.
Organizing land titles in a decentralized blockchain system might optimize the transparency of fraudulent negotiations achieved withinside the diverse nations and that frequently have an effect on the population of very depressed sectors of society, those human beings are usurped the assets in their lands for the advantage of large landowners or even for politicians who input the development zone with impressive investments on lands that aren't their property, however which have the centers to forge fake files.
These conditions might be eliminated if all land titles in every usa remained saved under blockchain technology

Electoral systems.-

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This is one of the maximum touchy factors of modern day society, given that each sure time period in every usa of the world elections are held to choose the leaders who are in fee of directing political suggestions that permit maintaining social peace and the development of every country in unique, but it's far well known that inside political groups and among political events there are regular struggles to attain quotas of energy, which in many cases results in the manipulation of electoral results through the sneakiness of the votes of one or the opposite candidate. These conditions are made possible due to the fact the electoral systems used are at risk of being violated due to the fact they have got a low level of security.
Such an index of vulnerability and fraud might be eliminated actually by adopting the electoral systems to a decentralized blockchain, given that every vote forged would be unidirectional due to the fact the blockchain does now no longer permit to opposite the execution of the vote to redirect it to some other person, both from the competition or from the party ruler.
The banking system worldwide is possibly the maximum known as to undertake the decentralized blockchain system, given that this will constitute profits in effectiveness, performance and transparency while executing any type of transaction. Even more so on this historical moment, in which cryptocurrencies each day benefit more ground to fiat cash all through the planet, both through centralized systems or the decentralized device.
At this factor in the financial records of humanity, the decentralized device is presented as a brand new paradigm wherein every dealer has the important autonomy to perform buying / promoting sports with whoever represents the maximum advantages without any problem and on the moment. specific which you consider important, the usage of your currency with out exposing your very own identification.
The current pace of lifestyles needs the acceleration and optimization of the P2P cryptocurrency market through the decentralized blockchain system.
A plus to the benefits that using the decentralized blockchain brings to the world scene is the possibility that governments and extra specifically collecting entities such as the Treasury, in addition to the ones in fee of issuing identification files to citizens, benefit of the high safety index of this device at the same time as gaining in speed and reliability.
Certainly there are numerous extra regions that might enjoy the adoption of the decentralized system, however it would take a long term to listing on this presentation

CONCLUSIONS.-

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A decentralized system offers energy to every of the members worried withinside the network, which allows every one, thus empowered, to carve out their very own achievement at the same time as contributing to the prosperity of the community of which they're part as a node interconnected with heaps of independent nodes, with none opportunity of Diligence or stop by a important stage or single storage server.
There are many advantages of the decentralized block system, however absolutely the maximum overwhelming is having a share of power that stimulates private growth in constant reference to the community, but with out its decisions depending on outside impositions.
By carrying out this task, I changed into able to show the quantity of benefits that the adoption of the decentralization system might bring to modern day society, mainly in the health, banking and elections sectors.
Up to here my presentation with regards to the knowledge received with the conclusion of this home work, fitness and successes for all-

Thankyou

@yousafharoonkhan
@steemitblog

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Hello @lesandra,
Thank you for taking interest in the 2nd Task of the Beginners’ class. Your grades are as follows:

CriteriaCalculation
Presentation/Use of Markdowns1/2
Compliance with Topic1/2
Quality of Analysis1/2
Clarity of Language1/2
Originality1/2
Total5/10


Feedback and Suggestions
  • Please, always try to write concisely and straight to the point. A simple article is easier to go through and helps reduce ambiguity.

  • Some of your statements are not so clear m. You should improve on your expression. Try to write in simpler grammar next time.



Thanks again as we anticipate your participation in the next class.

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