RE: Crypto Academy Week 9 - Homework Post for [@yousafharoonkhan]. Decentralized and Centralized system , Advantages & Disadvantages and which one is best for business?
First respected student Thank you very much for taking participate in Steemit Crypto Academy Season 2, Week 1 course class..
I believe that the main difference between both positions is the management of resources. To explain this, I would like to give an example of a documentary I saw years ago on TV about ancient Greece.
Many things are attributed to the ancient culture of Greece, among them Democracy. Democracy is the closest thing to Decentralization, in my opinion. In fact, the word itself (which comes from the Greek) means Power of the People, in other words, the power of decision making resides in several people who do not obey a central authority.
this example show that you tried to understand the topic deeply thank i liked this is new text that i saw in this assignment
centralized exchange(CEX) and decentralized exchange (DEX), are good example to explain the both area
in last question you explained very well, with the help of https://tronscan.org/#/
Thank You dear Professor. Your words are such an honor for me.