Crypto Academy Season 3 Beginners' course - Task 2: Decentralization |@yousafharoonkhan| by @aamerasghar1

Asslam-o-Alaikum to all or any my steemit friends.

I hope you're all well and living their life mirthfully.

I am very thankful to sir @yousafharoonkhan who send a interesting lecture in steemitCryptoAcademy.When I saw this lecture I felt very happy. Because I will take part easily in this lecture.

So let's start:

Question:

Define decentralization. Describe the advantages and disadvantages of a decentralized system. In what areas of life can a decentralized blockchain be helpful?

Define Decentralization?

Answer:

It is a system in which every user is empowered and decision-making is autonomous. And is connected to a system in which he decides his own business. And he controls his own work and business. Checks the top and bottom of each task.
Everyone has freedom in this system. It shows us that every person working in this system has a choice in his work.

In a decentralized system, Everyone has their own free expression. Every man working in this system has his own free will. He works without any stress.

Source

Advantages and disadvantages of a decentralized system

According to my thoughts and mind, everything has two aspects. Those aspects consist of advantages and disadvantages.
Anything, whether it's traffic, a system, or social media, has its advantages and disadvantages.
Similarly, there are advantages and disadvantages of heart decentralization.

Advantages of decentralization:

•Use of power

The most important thing about this system is that everyone can easily move their work up and down according to their ability.
There is no limit to what one can do. The more power one has, the more one can do one's work.

•The will of the merchant

In this system, no stress is put on the traders. They do their transactions as they wish. They can do their money transactions whenever they want. They have complete freedom.

•This system is also widely used at the government level. It checks where the funds are being used.

•Banking

This system is also used in banks. Through this the money of the farmers is kept safe in the bank. The money is transferred from one place to another.

• Security

This is a security tool that protects any account and folder from being hacked.

Disadvantages of a decentralized system

• The biggest disadvantage is that if the money goes into someone else's account, it is very difficult to get it back.
We have to work smart for that.

• And the other big disadvantage is that in this system everyone has freedom. No one can make their own right decision. It also has very wrong consequences.

In what areas of life can a decentralized blockchain be helpful?

• Health sector

This system is very useful for treatment. When a patient is being treated, he has to consult a doctor in different cities and countries. In this system, all the data of the patient is saved. Doctors can see. And all the data of medicine is also saved. This makes it easier to treat.

• Land income

The use of blockchain technology in the field of land revenue keeps all land records safe. In addition, the process of corruption and fraud can be reduced.
Sometimes powerful people use their power to seize the land of the poor and prepare fake papers.
This system can also be eliminated.

• Voting sector

As you know, elections and politics are a part of every country. When elections are held, when the opposition party loses, it makes many accusations.
Decentralization blockchain can prevent this fraud.
Because when votes are cast on this blockchain, they cannot be transferred to anyone else.

Special thanks to

@yousafharoonkhan