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Hello everyone,
I'm very happy to participate in this week's academy and this lecture from our cryptoprofessor @yousafharoonkhan really packed with wonderful lessons. It's original and use very clear words and easy to understand which are things that I highly appreciated. I make this post because of the homework task after reading through your work and make some researches too.

Decentralization.

The term "Decentralization" have change the narrative of the world financial transactions. It is modern and exposes the dishonesty of the traditional financial transaction.

Decentralization is a financial approach in which the power and decisions making is in the hands of the users or clients. The user's resources or assets are in their own care. The control of the crypto assets are solely on the care of the clients, who are truly the owners and supposed to make all their financial decision.

Decentralization helps the user to take the lead on how to use it's resources and the security that backed up the Decentralization is very high. Also, since there's no central ledger where all the assets are controlled by a central body. It is very hard to be hacked or changed abruptly.

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The network involved several nodes all over the world are interconnected. This help to improve the network and it's preformance. In Decentralization, even the picture above, the different nodes or computer system represents the several user and their resources in their care and they are interconnected with every other system forming an open and unending super network. There is no central body to regulate and control the networking.

Advantage and disadvantage of Decentralization

However, there are many advantage and disadvantage of Decentralization. They include:

• The power/resources in the hand of the users
• The decisions making in the user's hand.
• High asset's security
  Disadvantage
• Many of platform are not absolutely decentralized.
• The high risk of dealing directly to a dishonest users.

CENTRALIZATION

The term "Centralization" in financial transaction have been with us for many years . It's similar to the traditional banking system where there's an hierarchical organizations where all the financial decisions and risk policies are enacted at the top and flow downward.

However, the resources of the clients are channel to a central vault and the top manager decides on how best to trade with the client's assets and took all the risks but the dividend from the trade which was made to share among the several clients. But, it is becoming very rare and uncommon that those dividends are not shared again or with the percentage that's not favorable to every clients. Who truly should take their risk and enjoy all the profit solely.

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Here, there's a central authority in which all the decisions and approaches comes from. He take the glory of all good proformances of several persons working under him and vice versa. All the individual nodes are connected solely on the central body too.

Advantage and disadvantage of the Centralization

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However, there are many advantages are listed in the picture above. They Includes:

• Cost efficiency
• Better command
• Good working quality
• Uniformity in actions
• Focus on vision
• Proper coordination
  Disadvantage
• High risk of hacking
• Dishonesty of workers

Decentralization and Centralization, which one is better for business?

Two of them have both advantages and disadvantages. So can be very good or worse in business policies to adapted.

For the business in which the goals are short terms, I will adopt the Centralization approaches but when my business goals changed for good and with vast interests, it will be better to adopted decentralized approaches to cover all the interests and enhances the workforce.

is blockchain technology decentralized?

Blockchain technology involves the interconnectivity of various blocks with the help of cryptography. The blocks represents the transaction done by a user and once it is recorded on the ledger. It will never be altered or modified. The several nodes are linked together but still have the ability of serving alone.

The Bitcoin blockchain technology launched on 2008 open the new ways of financial transaction in that there will be no central body for all the transaction in blocks to be carried out. Although it can still be trackable but not regulated. All other platforms and protocols modified what Bitcoin technology have done in more permissionless types. And can even allow more other projects to run simultaneously with them just like Ethereum platform.

Blockchain technology is highly decentralized. Although many of it's assets are stored on individual's wallets of a centralized form and other are decentralized too.

Conclusion

The financial transaction should be improved and enhanced with great business policies of the advantages of both Centralized and decentralized approaches. The challenges of financial transaction in our business will be eliminated with the help of blockchain technology. It is modern, effective and efficient ways of life now.

Thanks to our cryptoprofessor @yousafharoonkhan, @steemcurator01, @steemcurator02, @booming01, @booming02 and @cryptoacademy for this wonderful classes.