CRYPTO ACADEMY SEASON 2 WEEK 1- HOMEWORK ON DECENTRALIZATION AND CENTRALIZATION GIVEN BY PROFESSOR @yousafharoonkhan AND DONE BY @kingworldline

Hello steemians is my pleasure to welcome my new professor @yousafharoonkhan with his educating lecture he has dropped on the last occasion. Thanks for the knowledge.

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THE SUB HEADINGS ON THE HOME WORK

1. The definition of Decentralization and Centralization
2. The Difference between decentralized and Centralization
3. The advantage decentralization
4. The disadvantage decentralization
5. The advantage Centralization
6. The disadvantage of Decentralization
7. The best business trending and why
8. How to to know whether the blockchain is Decentralized or not

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THE DECENTRALIZATION AND CENTRALIZATION

DECENTRALIZATION SYSTEM:
This is structural setting where all the blocks system are all independent on their own with the same data base which they share in common, they make their independent contribution to the system and in this kind of system each setting have their say or authority over the networking system which decentralized the system.

CENTRALIZED SYSTEM:
This is the system structure at which the blocks settlement which make up the entire system are connected to the higher coordinating complex which have authority over the system, is noted that the block system is the coordinating complex that bind to abide on the rules initiated by the coordinating complex.

THE DIFFERENCE BETWEEN DECENTRALIZED AND CENTRALIZED SYSTEM
Looking at the cryptocurrency at the respect to centralized and decentralized system it have it that centralization funds are controlled by the initiating complex of the system while in decentralized system this is where there individual body have they franchise over their invested value in the blockchain, it recognized that they have the liberty to input and out put their values in the system.

THE ADVANTAGES OF DECENTRALIZED SYSTEM
1.IT GIVES WAY FOR MOTIVATIONS: At a low autonomy in the blockchain they practice their franchise which motivates them to exercise their right and to contribute their ideology on the system.
2.:PRIVACY:In decentralized system the account and the transaction are hidden from the third party where the transaction history are kept secured.
3.FAST DECISION MAKING:They don't actually relay on any external or superior authority body to make decision for them. they take an immediate effect on making decision and it makes the process so close to scene of the system.
4.CONTROL: On this aspect the individual have control over his or her transaction affairs on the they system, where by every participant have franchise on his account.
5.MULTIPLE DATA BASE: In the Decentralized system the information known as the data base are not channeled on one input server rather among units servers that make up the system which makes it difficult for hackers to tamper the information or the data saved.

DISADVANTAGES OF DECENTRALIZATION:
1.THE UNIFORM POLICIES ARE NOT OBSERVED:In the blockchain is observed that the various unit under the umbrella of decentralized system have different attribute which some time does not tally with how the system works.
2.IS HIGHLY VOLATILE: This implies that the price tag always fluctuate which keeps it unstable .
3.LOST OF MONEY: Due to the anonymous method of transaction is observed that some found are lost due to the difficulties in tracking it.
4.DECENTRALIZATION ARE ALWAYS COMPLEX: The decentralized system are difficult to be used due to the method of the entries.
5.DECENTRALIZED SYSTEM ARE EXPENSIVE: The cost of investment in some blockchain are so expensive to trade on like Bitcoin, Ethereum.

ADVANTAGES OF CENTRALIZED SYSTEM
1.QUICK RESPONSE:Since it is a centralized system there is no room for consultation which implies a quick response.
2DUTIES:In the centralized system i believed that their various task and duties are known and signed to each in the system which fasten the duties.
3.IS LESS EXPENSIVEIn centralized system is less expensive to compare with decentralized system which mean in the centralized system the budget are pegged on like the decentralized system where it fluctuates.
4THIRD PARTY INSURANCE: Since there is third party re-presenter it give way for account statement account recovery, founds, and assets.
5.FOCUS MINDED: Since the system is a centralized one there is every tendency that it will have full concentration over decentralization which coordinate more than one units.

DISADVANTAGES OF CENTRALIZATION
1.EXCHANGE RATE: On decentralization the exchange rate is always high
2.SECURITY: On centralized system, since database saver is centralized there every tendency that the data base can be tampered
3.POLICY: When the policy is tampered by external or internal body the system can ruin down
4.*** BACKUP:*** When a the centralized node in charge for backup are initiated the system crashes.
5.SERVICE: The service in centralized system is poor

** THE BETTER BUSINESS SYSTEM FOR TRADING**

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With the advancement of the world, the world is going digital where every task are done online most especially as of the introduction of cryptocurrency to exist as means of exchange of value and liquid currency have called DECENTRALIZED SYSTEM to stand as the best.

** HOW TO KNOW IF A BLOCK CHAIN IS DECENTRALIZED OR NOT**

STEP 1:Google out https//etherscan.io/ or token contract for steem
STEP 2:Copy and paste the token contact address
STEP 3:Co check VRGold to know whether is decentralized or not
STEP 4:Click on the Contract
STEP 5: Click contract source code

MY REGARDS TO :
#cryptoacademy
#yousafharoonkhan-s2week1
@yousafharoonkhan