What is decentralization

Decentralization could be seen as as the dispersal of authority, task and beliefs among different departments in and organization so as not to pack a heavy load of duty on one person.

While in the cryptocurrency world decentralization can be seen as the transfer of duties and decision making process from individuals and groups to a distributed network.

In the chain in decentralization no one is to be trusted because all ledger particulars are being held by each owners in the case that when it is being corrupted or lost its suffered only by the owner of the wallet address. It was established to enhance the speed and flexibility of the network by distributing power to each individuals

What is centralization

It can be otherwise seen as the otherwise of decentralization because it deals with the allocation of responsibilities through one channel in terms of blockchain it is seen as a private business operation because it is operated by a single body while decentralized blockchain is termed public. 

Only known identified individuals can participate in the creation of ledger account.
It was established to improve effectiveness and efficiency and use advantage of the exonomics of scale

Factors that determine centralization

#. Dispersion of the organization:- authority flow from one person to different outlet is a form of authority in which ones decision are concentrated on top level. It does not involve delegation of authority to various level of management.

#. Technology to pass information:- the technology used to pass information or pass disciplines along with rules and regulations are mostly gotten by the top level management and dispersed to the lower superior after they are being fully used and tested. Which makes complaints being easily sent to the board of directors through the help of technology effectively.

Factors that determine decentralization

#. Desire to improve the communication channel of the organization:- if the communication provides for speedy and accurate transfer of information on which decisions are based then decentralization could be more effective.

#.the competent level of the subordinate or lower level managers :- the authority decentralization can be more operational where subordinates are trained and experienced that will give management confidence of authority delegation.

#. The size and complexity of the organization:- size is one of the determinant of authority system to be applied in the organization.
Decentralization can be categorized as resources wasted under small organization but considered most suitable in a large and complex organization.

#. The competence of the top level management:- the organization may decide to reduce the level of authority decentralized where the top level management are so competent which will guarantee excellent performance despite large and complexity of the organization.

#. Location of target market:- if the customer of the organization are located geographically, decentralizing authority becomes necessary but it may not be necessary if the customers are within the organizational environment.

Differences between centralization and decentralization

In centralization transfer and payment are made strictly between two people which gives room for trust while for decentralization it is a public sector in the sence that transfers include middle men it is not mostly done between two people only

@yousafharoonkhan

Upon the fact that the decentralized blockchain is public it makes it not to be very popular as the centralized blockchain is different cause its transactions are made strictly

In decentralization the blockchain is controlled by non governmental bodies it is being shared to anyone who wants to take charge which makes it hard for hackers to find their way through while for centralization it is owned by a private body which might allow access for individuals to easily find a crack to find their way through

Centralization decisions works more in a public sector where systematic segmentation activities is not allowed while decentralization is acquired as the blockchain grows bigger by expansion, merging or acquisition.

It shows the managerial efficiency whereby is due to the fact that authority is concentrated in the hand of a single body where supervision may not be required while for the decentralized entity it requires greater co-ordination by senior management to ensure that individual units in the organization are not working against the interest of the whole.

Bittrex as an Centralised Exchange

Bittrex operates as one of the top centralised exchange with so much benefits and features on the exchange. Just as we all popularly know BINANCE and Coinbase, so also Bittrex operates.

It leads in the top exchange and you can buy and sell also there with high security provided on the exchange

A fully verified bitrex account

What is a meta mask

It is a decentralized blockchain which allows etherum coin holders to have access to their account easily and it could also be used to access other decentralized blockchains

How to install the meta mask

First step is to search for meta mask extension on any selected web browser which could be chrome, safari, Mozilla Firefox etc

Then the next step is to click add to chrome highlighted in deep blue at the top right corner

then a pop up notification that shows add extension on the top u should click on it then u have successfully installed the metal mask

How to use the uniswap exchange

Uniswap can be seen to be a decentralized blockchain protocol which allows for transfer of different types of cryptocurrencies but it mostly used is the etherum

Steps on how to buy/swap and sell cryptocurrency

Search for the uniswap interface

Click on your wallet, it could be of any wallet of your choice be it matamask ,trustwallet, etherum wallet. etc

Select the token u would want to exchange to

Select token list

Preview the selected transaction

Then confirm the transaction request

Wait patiently for the loading pop up picture to demarcate successful transaction

Check the selected receivable account to verify the transferred token