How are you? By Allah's grace, I'm doing very well. What we will discuss today is how decentralized systems work. To understand decentralized system, it is important to know about centralized. Centralized is a centralized medium. Let's give an example to understand Centralized, suppose you are a company boss. Now all your company members have to follow your orders no matter what you order to employ. Means it is centralized but in decentralize it is not. In Decentralize, everyone's own and everyone's opinions are prioritized. In it, everyone has the same power, the disadvantage of centralized system is that everyone has to accept what the head decides, whether anyone agrees with it or not. And centralized puts many people in trouble, but in decentralized system, everyone's decisions have to agree with everyone, on each other's decisions. There must be dependence and respect, power is equal to all. Now we will discuss the role of decentralize in crypto.

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In Decentralized system the power is shared by everyone, thus it is safer and transaction cost is higher in Centralized system but in Decentralized system the cost is much less and Decentralized system cannot be hacked. When money is transacted using a centralized system, the entire control center remains with the authority. But when transactions are done through a decentralized system, the control center does not stay with the authority. The best example of Decentralized is crypto exchange, in crypto exchange no third party can interfere and transactions are easily passed from sender to receiver without any hassle. As a result, decentralized system is more profitable, popular, secure and safe than centralized system. The reason behind the popularity of Decentralized method is that there is no trust issue in Decentralized. There are no third party hassles and transaction is very easy and cryptocurrency is so popular because of Decentralize system.

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Centralized types involve third parties. Due to this, we have to give all our confidential information to the centralized head of the bank and on the other hand, if there is any kind of problem in the centralized server, sometimes the work is stopped for many days. Centralized contains so much confidential information that if it gets leaked we face many problems in our life.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.