Cryptoacademy home work2 home work given by @yousafhoonkhan on and done by @kingworldline ,

kingworldline (66)mutedBeginner[1,2,3,4,5,7]in SteemitCryptoAcademy • 4 years ago

GOOD DAY ALL......
Please this is my last home work but it wasn't voted please pay Justice to it my professor below is the link..

https://steemit.com/hive-108451/@kingworldline/crypto-academy-season-2-week-3-home-work-post-yousafhoonkhan-on-decentralisation-and-centralisation-exchanges

Welcome to the new edition of @yousafharoonkhan home work and done @kingworldline.
in this phase need us to define and explain what decentralization is all about and there difference in between.

QUESTION ONE ANSWER
Is no longer a new thing to talk about in the world cryptocurrency regards to decentralization and centralization in trading of the crpto values, with that lets define and explain decentralization regards to decentralization in trading;

DECENTRALIZATION: This an invisible structure in cryptocurrency market trading exchange at which the traders remain autonomous and independent in the community, where by he implement, invest and make a whole decision without the concept and regards of the centralized or the middle man which seem to have control over other and equalize trading distribution, here the reverse is the case where the middle man is powerless on the interest of his authority over others on there investment like selling, buying,loan collection, savings, and even forecast, therefore the middle man is not the concept of the this structure in decentralization rather the traders, the decentralization is the the reason behind the rapid development of the blockchain technology.

CENTRALIZATION: Here the concept is quit different from what decentralization is all about, in this structure the the middleman is link to all process in the chain of investment, selling, buying and savings where all the delegation, rules, regulation assessment in the trading rest on the shoulder management controlled under and within the authority, permission and order of the the middle man, here the the middle man is the head and not the toes of the business transaction.

QUESTION TWO ANSWER
THE DEFERENCE BETWEEN THE DECENTRALIZATION AND CENTRALIZATION
In this this exchange medium between the this two trading medium are capitalized on with the interest on trading in one of them irrespective of their differences, here are the differences in between the two trading parties;

1. The difference between this two medium is that in decentralization make there decision on there own without concept of any one while in centralization decision making flow from the middle man down to the traders
2. As the structure of the business community works is made known that decentralization bring the world closer to the world of independence in trading on like the centralized
3. In decentralization authentication of transaction function in the means of trading exchange while in centralization they requires your identity is required to mark down trade or money withdrawal.
4. In centralization the commission charges is expensive compared to decentralization in the world of exchange.
5 In centralize networking the risk are high compare to that of the decentralized.
6. Volume / liquidity is found to be high in central exchange while volume/ liquidity is less in centralized in exchange
7. In centralized the the exchange is high while in commission the commission is low*
***8 Centralized exchange is the centralized while in decentralized exchange is the trader.
9. Centralization is popular compared to decentralized exchange which created ordinarily
10. In centralized exchange many cryptocurrency is involved while in decentralized few are are
involved.

8. ADVANTAGES AND DISADVANTAGES OF THE DECENTRALIZATION AND CENTRALIZATION REGARDS TO THERE DIFFERENCES
ADVANTAGES OF DECENTRALIZATION
1. SECURITY: This system is more reliable in term of safety due to the spread out of the data base with it linked component in the block chain.
2. INDEPENDENCE: In decentralization it does not require a lot of entities in other to carry out operation rather each entity on it mode task which equally saves time.
3.THIRD PARTY: There is no intermediate in between which carry out work which delay operation

DISADVANTAGE DECENTRALIZATION
1. VOLATILITY: Since the the price is volatile in nature in the sense that the price is not staked it fluctuate at the case may be.
2. COMMUNICATION: There is a bite of lack of interaction in decentralization since there is no direction communication
3 SECURITY: The individual operating account is not safe due to is not centralize, which implies that the account is tampered it is hardly to get it restored.*

ADVANTAGES OF CENTRALIZATION:
1. TRANSACTION: The are a lot of helping personnel to carry out a transaction for the cable ones which are not use the system.
2. DECISION IMPLEMENTATION: In this cycle decision making goes faster, since is one entity with authority is involved.
3. QUICK RESPONSE: Since is configured to middle man responses it fasten the the rate of exchange and transaction.

DISADVANTAGES OF CENTRALIZATION
1. SECURITY: Since it stands that he data base is centralized the is a high tendency that the data base can be tampered.
2. POLICY: This implies once the policy that coordinate the system is tampered the system will will experience depreciation on the mode exchange.
3. EXCHANGE RATE: It is notices that in centralization that the exchange rate is and costly.

QUESTION THREE ANSWER
Regards to the third questioned asked by my dear professor, i have Houbi and binance as the best to me.
The secret behind the the two as my choice is the service,low commission, reliability based on exchange.
1. LOW COMMISSION:You pay lesser commission on transaction with respect to Binance.
2. SERVICE: They are up and doing their various field in other to tackle any issue.
3.RELIABILITY: Due to the how prominent Binance is they try to maintain they integrity with security backup.

QUESTION FOUR ANSWERS
This are the step in other to swap and sell or swap and buy any coin screenshot with step down
NOTE: Fellow up the highlighted spot down the step by step procedure.

STEP 1