How are you? By Allah's grace, I'm doing very well. Today we will try to understand how a decentralized system works. To understand what a decentralized system is, first we need to know about centralized. In a word, centralized is a centralized medium. Let's try to understand centralized through an example. Suppose you are the owner of a shop, now no matter what orders you give to your shop employees, all your employees have to follow all your orders and prohibitions. That is, this is a centralized situation, but this is not the case in decentralized. In a decentralized system, everyone's own opinion is given priority, everyone has the same power in it. The biggest disadvantage of the centralized system is that everyone has to accept whatever decision the head makes, whether anyone agrees with it or not, and the centralized system often gets people into trouble. But in a decentralized system, no one has to get into trouble because everyone's decisions have to match everyone else's, depend on each other's decisions and have respect, that is, everyone has equal power. Now we will know what is the role of decentralized in crypto.

Source

In a decentralized system, the power is equal to everyone, which is why Decentralized is safe. In a centralized system, the transaction cost is high, but in a decentralized system, the cost is much lower. It is impossible to hack a decentralized system. If you transact money using a centralized system, the complete control center is in the hands of the authority. However, if you transact through a decentralized system, the control center of your transaction is not in the hands of the authority. To give an example of decentralized, the best example of this is crypto exchange. In a crypto exchange, you will not see any third-party problems and transactions reach the recipient from the sender to the recipient very easily without any problems. For all these reasons, the decentralized system is the most profitable, popular, secure and safe than the centralized system. The biggest reason behind the popularity of the decentralized method is that there is no trust issue in Decentralized. There is no third-party problem in Decentralized, transactions are very easy and cryptocurrency is very popular because of the Decentralized system.

Source

In the centralized system, various types of third parties are involved. Due to this, all our confidential information has to be given to the bank. On the other hand, if any kind of problem occurs in the centralized server, the work gets stuck for a long time. In the centralized system, we have a lot of confidential information, which if leaked, we have to face many problems in our lives.

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.