Hi Steemians, I'm @ericanthony and this is my homework post for Professor @yousafharoonkhan's lecture on Centralized and Decentralized Social Media. Hope you enjoy it. Thanks.

Question no 1 :
Write the definition of Decentralized and Centralized Social Media Platforms in your own words.

Centralized social media platform.
This is the most common social media platform in the world today.
It's a platform where interested user who wished to join the platform can freely sign-up by, providing the required information for the central authority to approve. Here, the use of the platform has to be guided within the terms and conditions already provided by the central authority.
However, the user, can be banned/suspended with or without warning, just like the popular case of former president of United States, Donald J. Trump where facebook, twitter etc suspended his accounts against his wish even uptil now.
What this entails, is that the user's are not in full control of their accounts in these platforms. Examples of centralized social media platform include; facebook, twitter, instagram, youtube etc.

Decentralized Social media platforms.
These platforms are not as popular as the central social media platforms. However, they tend to be the future of the social media here, user's can be freely sign-up and operate as they wish without fear of been suspended/banned.
Decentralized Social media platform is a blockchain based technology, it has no central authority, a good example is steemit. It is the direct opposite of centralized social media platform.

Explain in your own words the difference between decentralization and centralization Social Media Platforms (answer should related Social Media Platforms . (answer must be written in own words, copy paste or from other source copy will be not accepted)

Centralized social media platform	Decentralized social media platform
Concentrated power and authority; user's can be suspended/banned by the authority with ease and there's nothing the user can do about it.	Decentralized power and authority; here user's have a shared freedom and power to express their views without fear of suspension.
A single attack in one area, affects every other thing	Cannot even be hacked because, it will not be necessary.
Decision making is the exclusive right if the top hierarchy	The user's decides what suits them.
The central authority carries the burden of responsibilities	Shared responsibility.
User's information can be hacked or sold for money without the user's consent	That cannot happen in decentralized social media.
Users can hardly operate anonymously	user's can operate anonymously with ease.

Question no 2 :
Which One is The Future of Social media ? Decentralized or centralized Social media.(answer must be written in own words)

Both decentralized and centralized has their concerns and prospects.
But the concerns of centralized outweighs that of decentralized in the sense that the centralized authority can decide to suspend a user for hate speech, which my not be hate speech from the user's point of view and the security of your informations is at the hands of the central authority. Decentralized media platforms has a very strong prospects which includes; censorship resistant, personal data ownership, improved content curation and less or no ads.
Furthermore, in 2019 twitter appointed small team of researchers to develop a decentralized media platform for twitter. What does this tell us, this point to the fact that there is a brighter future for decentralized platforms because, freedom always wins and the people like freedom.
In a nutshell, the future is in favor of decentralized media platforms like steemit, handshake, unstoppable etc

Question no 3 :
How steemit decentralization social media is best than Twitter and Facebook.(answer must be written in own words)

As I have listed earlier that decentralized media platforms like Steemit has a better prospects than centralized media platforms like facebook and twitter. Other than
censorship resistant, personal data ownership, improved content curation and less or no ads in decentralized media platforms, they also proved rewards for contents and also provides a knowledge based Platforms were the user's can gain knowledge and grow. None of these is found in centralized social media platforms.

Question no 4 :
What do you say? How do Steemit social media change the lives of millions of its users?(answer must be written in own words)

Steemit is a very good knowledge based platform, where user's learn so many things that includes; crypto trading, food and recipes etc. It slso has a strong reward mechanism for it's user's, based on content creation, upvotes and investments.

Question no 5 :
How can we make money with Steemit's decentralized social media.(write your own experience)

The few months I have been in steemit has brought me great financial reward. As I'm creating a content now by answering these questions, if it's found reasonable enough by the Professor, I will get rewarded.

Question no 6 :
How to create communities on Steemit social media ( practicle step by step ) & Promote your homework post on two social media ,twitter and facebook (just share link in comments area)

The followings are the steps to create a community in steemit;

Step1. Log in to steemit and click on Steemit.

Step2. Click on the communities and go to the bottom of the drop-down click explore communities.

Step3. On the pop-up, input the title and about of the community you intend to create.

Step4. Copy and securely save your owner name and password.
Also, tick I HAVE SECURELY SAVED MY OWNER NAME AND PASSWORD.

STEP5. You have to click ok to confirm. However, I intend not to create a new community yet. Because, creating a community I don't intend to keep active, will add to the noise in the blockchain.

Conclusion
The future of social media platform is no doubt in favor of decentralized platform in my very own opinion. As I have pointed out, twitter being one of the top tech giant in the centralized social media has started to realize where the future lies.