Homework 3: Comparing and Contrasting between Decentralized and Centralized applications: by @yohan2on
What are Decentralized Applications?
What are Centralized Applications?
Categories of Decentralized and Centralized Applications
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)
Distinctive difference between Decentralized and Centralized Applications
Advantages of Decentralized Applications
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.
Disadvantages of Decentralized Applications
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.
Advantages of Centralized Applications
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.
Disadvantages of Centralized Applications
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 Vs Facebook
A Few benefits of Steemit and Facebook over each other
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
Thanks for attending this week’s Crypto lecture and for doing your homework.
Feedback/suggestion/Corrections
Good work! Very well explained; though, you had to focus more on comparing steemit and Facebook because that was your assignment. There was no need to highlight other categories.
Homework task completed
Rating - 6/10
Thanks @yohan2on. Thanks for sparing time to review my homework. I look forward to learning more and do better in the upcoming tasks.
You have covered most of the issues on this topic. I like the idea about security of centralised and decentralised platform. I think decentralized platforms have strong security that is really appreciating.
Thanks for the candid review @engrsayful. Truly, decentralised has the ever increasing security and it will be at the top sooner, becoming more secured.