Homework 3: Comparing and Contrasting between Decentralized and Centralized applications: by @yohan2on

Source

Source

Social Media:

• Steemit (Decentralized)
  Facebook(Centralized)

• Ecency (Decentralized)
  WhatsApp (Centralized)

Game:

• EOS racing (Decentralized)
  Need for speed (Centralized)

Storage/file sharing Apps:

• BitTorrent Speed (Decentralized)
• Dropbox (Centralized)

• Decentralized Applications can handle large number of transactions in an ecosystem effectively.

• Individual nodes can work on its own without waiting for order from a central server.

• They give optimum user satisfaction because they are highly incentivized (comes with rewards).

• There is effective control of resources as individual nodes can make decisions on their own.

• There is no regulatory oversight as there is no central server to detect faults in the network.

• Startup is costly. It's so costly to start a decentralized App.

• Collective tasks are difficult to achieve as individual nodes perform its own duties without any order from any central server.

• A quick update can be made to the network since the system has a central server and all updates takes effect on all part of the system.

• There is a easy regulation and monitoring of different nodes of the system.

• It is cost effective as it can easily be setup without a huge startup burden.

• A node can easily be detached/removed from the system if there are cases of malfunction or breach of rule.

• Centralized applications are associated with high risk of system failure. If the control server shuts down, all nodes on the network also shuts down.

• They are susceptible to hacking as they are center of attention for hackers.

• The management of centralized applications is so costly.

• It has scalability issues as it can't handle high volume of transactions like the Decentralized application.

• Steemit can handle a large number of transactions at a time which Facebook is not capable of because of its centralized application nature employed.

• Steemit reward users for blogging. The reward comes in Steem, Steem Dollar and TRX. While Facebook doesn't reward its users.

• Facebook central server can shut down such that all nodes in the system are affected but Steemit continually work with no central server.

• Transparency is high with Steemit.

• Monitoring/modification is easy with Facebook as it operates from a central server and commands sent affects the over system at once.

In conclusion, in the coming years I see many people choosing Steemit ahead Facebook because of its transparency, rewards and its high scalability. The world is driving towards Decentralized applications and in a few years it will be achieved.

Thanks to the crypto professor @yohan2on for his teachings and I hope I've done justice to this to the best of my ability. Thank you for your time.

Special regards;
Cc: @steemcurator01
Cc: @steemcurator02
Cc: @steemitblog
Cc: @yohan2on

Written by; @fredquantum