Hi everyone, I am happy to be on this assignment for the first time. I am super excited. Thanks to the Steeming Curators for giving themselves to rewarding our activities here. Thank you to Prof @yousafharoonkhan for this awesome course.

Source

Please enjoy the read.

Question no 1 :
Write the definition of Decentralization and Centralization in your own words. Explain these two systems in your own words.

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Decentralization

Decentralization is the process of transferring the control of an activity or organization to several local offices or authorities rather than one single one. Let’s say in simple words that decentralization is the delegation of authority, rights and privileges to smaller unity rather than it remaining at the central unit.

An organization where all authority is not made from a central point is said to be running a decentralized system where decision making is a process also of the subsidiary units. Politically saying, decentralization refers to the transfer of authority from a central government to a sub-national entity. In other words, one could say that decentralization is to tire systematic effort to delegate to the lowest levels all authority except that which can only be exercised at central points.

According to Earl. P. Strong, he postulated that “Decentralization means the division of a group of functions and activities into relatively autonomous units with overall authority and responsibility for their operation delegate to time of cacti unit.’’

A good examples of decentralized businesses are hotels, supermarket, boutique and eateries etc. Because it is not possible for one person to focus on more than ranches which have branches throughout the world, take an example of a hotel.

There are basically four forms of decentralization which includes:

• Political
• Administrative
• Fiscal
• Market

Centralization

From the definitions stated above about DECENTRALIZATION, we should know by now that CENTRALIZATION is the opposite of the former but since humans are objects of explanations, I would like to go more further.

Centralization is the process by which the dealings in an organization is concentrated in one place. Now that we know what centralization means, let attempt answering the question.

A Centralized system is a system use a client to server architecture where one or more client convergence are directly connected to and controlled by a central server. This is the most commonly used type of system in many organizations where client sends a request to a company server and receives the response. I remember once working in a cyber cafe where we had timer for all the systems in the cafe and all the systems where connected to a central server. One of those days, I was on the server and the client using one of our systems was rude and insulting and because I had control over all the systems, I just had to issue a command and end his time abruptly without seeking his permission to end it.

Just in case we have a lay man here, let me make the explanation simple, centralization is to o bring to a center.

It is assumed that small businesses run centralized systems but that is now entirely true because Apple is an example of a business with a centralized management structure.

Question no 2 :
Explain in your own words the difference between decentralization and centralization system Or Compare both in own words.

We will be looking at the differences between Centralized system and decentralized system

Decentralized Systems

Power doesn’t belong to any person or unit
Sub-units have the opportunity to make decisions on their own
It easier to measure the performance of the company and the individuals within each of the sub-groups
Promotes rapid growth and expansion
Administrative development

Centralized Systems

Power and authority is centered on a person or a group of persons
Decisions are made on the center
There is clarity in decision-making, streamlined implementation of policies and initiatives
Growth is conditional because people like places where they have the liberty to make their own decision.
Greater Efficiency and Responsiveness

Question no 3 :
Write five Advantages and five Disadvantages of decentralized and centralized system.

There are numerous advantages and disadvantages for both centralized and decentralized system but I will be mention a few of it here.

Centralized System

Advantages

• Simple deployment
• Can be developed quickly
• Affordable to maintain
• Practical when data needs to be controlled centrally
• It reduces cost

Disadvantages

• Vulnerable to failing
• Higher security and privacy risks for users
• Longer access times to data for users who are far from the server
• Lack of employee's loyalty.
• Remote control

Decentralized System

Advantage

• Zero vulnerability to failure
• Better performance
• Allows for a more diverse and more flexible system.
• It promotes motivation
• Better control and supervision

Disadvantage

• Security and privacy risks to users
• Higher maintenance costs
• Inconsistent performance when not properly optimized
• Uniform policies not Followed
• Problem of Co-Ordination

Question no 4 :
Which one is better for Business/trading and why? (write in own words)

Well looking from the definition of the both terms, different people will go for different structure for their business. For me I would like centralization for a business because of it ability to make decision and see to it that the decisions is enforced in all sector of the organization. Centralized systems makes leadership very profound and appreciated, making them live up to their responsibilities as leaders. Centralized system makes executive development paramount because of the load of work on their desk. Though it is expensive to run it is also ideal for me so that productivity, loyalty and effectiveness can be measured.

Centralized system can be limited where the network of the company has been spread beyond the bonds of the cooperate office but then it is still very key to measuring loyalty and effectiveness like I said. One of the major factor for growth in a organization is vision and uniquely in centralized system, there is so much focus added to making sure that the vision of the organization is achieved meanwhile in Decentralized system, everyone seeks his interest.

When we are looking at which system is good in terms of trading, I would strongly suggest a decentralized system because there is no external influence or interjections during transaction. All signings and agreement are done automatically. While centralization is good in running a physical business, Decentralization remains the best option for running trade.

Question no 5 :
How do you know if a blockchain is decentralized or not? You can describe any method, but in your own words.

Well I will be honest here, this was a bit tough for me to carry out this particular task but finally I could get it done. There are enough tool on the internet to question this but one might be deceived if not careful.

I'll show this the way the professor taught us. The name of the blockchain project I chose: Dai

I know Dai to be a blockchain project running on the Ethereum network. I need a contracts address to look for Dai codes. I can find this out on Coinmarketcap

I looked for the contract code and after clicking on the contract address, I went down again to look if Dai is a decentralized project.

So i did just as the Prof taught us and I followed the same step he followed but am sorry that i couldn't highlight the steps properly because my system didn't permit that.

Conclusion

I must say that our professor thought well before choosing this topic and i am glad it is solving so many problems on the internet like scam, fraud and others. One very profound thing i have learnt by participating in this week lecture is that i can now distinguish between a centralized and a decentralized project on the internet.

Cc:
@steemitblog
@yousafharoonkhan
@steemcurator01
@steemcurator02