Things which decentralization and blockchain have helped us in more than the centralized system

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Good day readers, it's me Ace and for this post we will be looking at a crypto related topic which looks at the various things that we did traditionally (centralized) and how decentralization has outdone the job. If you ponder on what I'm saying, you would come to realize that centralized applications which we have been making use of are ..... To know more about this interesting topic, keep reading.

Before we begin this post, we first have to look at what is decentralization, centralization and blockchain.

BLOCKCHAIN
This is a system or recording information where the data or information to be recorded is recorded on various distributed ledgers around the network making it hard to manipulate and or hack. Transactions recorded on a blockchain is made available to everyone and cannot be easily manipulated and they can be seen with the help of blockchain explorers. Crypto currency tokens run on blockchains.

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DECENTRALIZATION
This is a system where every participant in an activity or a system are given their own autonomous power giving them a say in the decision making process. This isn't only exclusive to blockchain but it is present in real life situations especially in companies and business venture when everyone is given a say in the decision making process.

CENTRALIZATION
This is a system where every participant In an activity or system answer to one central boss or body. The central body gets the final say and make the decisions as far it's under their power. A good example of a centralized system is on a social media platform called Facebook where if you post something the central body doesn't like, they can remove the post of the platform and even delete your account and you have no say what so ever.

DECENTRALIZATION AND BLOCKCHAIN OVER CENTRALIZATION

BORROWING AND LENDING MONEY

In a normal situation, the commercial banks would handle everything when it comes to lending money and they give out huge amounts but alas the requirements and stress one needs to go through before they can obtain said loans tends to be demoralizing and pain staking but thanks to decentralized applications like justlend, tronlending and so on one can acquire crypto currency loans with their mobile devices and minimum effort and requirements.

SAVING OR DEPOSITING MONEY

If I wanted to save money in my bank account, I would need to carry the cash, wait in line, fill in forms and risk the threat on getting robbed at any time but in a Decentralized format, I simply need to transfer the funds from any exchange or seller or broker to my wallet with which I am in possession of the keys and this enables me to carryout the transaction speedily and without breaking a sweat or leaving my comfort zone.

Also when it comes to saving money, commercial banks collect things like card maintenance fees, sms fees and stamp duty fees hence reducing the money we saved up but if I story my 1 BTC, even after 4 years it would still be 1 BTC.

SOCIAL MEDIA AND CHATTING

Starting with chatting, we often make use of popular applications like line or Whatsapp or Facebook messenger to chat and these chat mediums are controlled by a central body most of them claim to use end to end encryption so your information is supposedly safe but there are incidents where the people were betrayed and their trust wavered but with dApps like Status which is a Decentralized chatting platform much like Whatsapp but to me it's even better.

Then about social media which is the absolute worst of all when it comes to censorship, deleting accounts and user content all because they are under a central body and they found your content abusive or inappropriate but with decentralized social media platforms like Steemit where you are the author of your own account, anything that is posted can't be manipulated or deleted completely as it would always be on the blockchain.

There are more but these are the most important 3 which we would be looking at in this post. Thank you for reading if you read this far into the post.

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