Steemit Crypto Academy Season 2, Week 1 || Decentralized and Centralized system , Advantages & Disadvantages and which one is best for business? By @endersontowers

We refer to centralized to a platform in which it has a private ecosystem in which the decisions of the project in cryptocurrencies are made. Most stablecoin projects are centralized since many of them tend to depend on financial entities that endorse and safeguard a certain amount of the value of the currency so that it does not devalue and investors have more confidence in them. Centralized systems mostly work like a private bank or a private organization where not everyone can make the relevant decisions and everything is always recorded.

Decentralized platforms do not depend on any private entity or an organization for the project to work, there is not only one person who makes the decisions of the project but rather distributes it among many parties so that everyone can have an opinion and recreate the project, decentralization is given by the developers of a platform in which they create algorithms capable of performing all operations discreetly and transparently to users automatically.

It is very important to understand that the term centralized and decentralized is basically the term that defines how an entity or platform is managed, some platforms claim to be decentralized and have some characteristics that make it much more centralized, the investor is often the one who is given account of these reasons, centralized entities or platforms are those that depend on an individual who makes the decisions and says that it will be done in the project and many times they disparage the low executives that make up the entity, these entities are in a fixed local address and it can have many private investors being shareholders of the project, on the other hand, decentralized entities are quite the opposite since we can say that it is not only one person who makes the decisions but that this person trains those of low ranks who have knowledge about it. topic and the main one deals with another more important matter so that the platform grows Ma, many times the decisions are made by the entire platform itself and no one is despised. This type of company is preferred by investors since its products or tokens are more volatile and can yield a lot of profit if we talk about cryptocurrencies.

* Many times it is a private entity

* It has trained personnel for its operations.

* Decisions are not made by everyone, but by a small minority, many times the owner of the project.

* Users prefer this type of platform for its seriousness and security in its volatility of its assets.

* In this type of platform, communication between staff is very good.

* The top executives of these platforms do not always interact with the executives below them.

* Senior positions within the platform are subject to being stressed by their responsibility.

* In centralized platforms, not everyone can have an opinion, but a qualified minority.

* Lower positions tend to isolate themselves due to their inferiority.

* Because they are made up of a group in decision-making, these people are always very busy attending to their management issues, which are often many.

* each and every member can make decisions and everyone can intervene in a project.

* decentralized projects are freer.

* have more financial freedom.

* many of these projects are fast, safe and highly volatile.

* Many of the current projects struggle to have the least cost in transactions and to be the most current ones.

* When you have an error, it is more difficult to know who it was since everyone has an influence.

* They depend on the supply and demand of the user and not on a private entity.

* gets rid of many laws that influence the safety of investments of many users.

* Decisions are made in various parts, and this becomes a disadvantage.

* The responsibility corresponds to the whole team and not just one.

To answer this question we must think about the future of our investment, from my point of view I can say that for a business the decentralized system is better since we can keep the money fluctuating in the market and mobilizing it with the help of many qualified executives to generate profits. In the future, if we talk about a business I can say that a centralized system is better where we protect our assets ensuring that it is not going to devalue or stagnate due to the volatility of the decentralized system, also because if we do not have trained personnel we must take our own decisions, especially when our invested money is at stake.

To know if a chain of blocks is centralized or decentralized, it is very simple, first we go to etherscan and perform the following steps.

Once we have searched for the currency to register, we click on the contract address.

We go to the "contract" option and we go to the "outline" option and look for a destruction function, if when we give it there is, in the left window it gives us a destruction function, it means that it is a centralized protocol, if it does not do it, it is because it is decentralized, in this case I can say that USDT is completely centralized.