How are you? By Allah's grace, I'm doing very well. Today, the topic I want to discuss is why decentralized popular in cryptocurrencies.

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If you want to understand decentralized, you must first understand centralized. In fact, the centralized system is centralized. Suppose you are going to build a house. Now you have to build your house with many workers. Now they can't make your house their own. The only reason for this is that you are the owner of the house. They have to make your home the way you want it.

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And that's how centralized works. Of course, in centralized, only one person controls everything, everything happens according to his word. But decentralized it is not. Decentralized system requires everyone to make the same decision. Everyone has to depend on everyone else, Decentralized power is in everyone's hands. Centralized involves any kind of third party. Due to this we have to give all confidential information to the centralized head. And due to the fact that the head is centralized, if the server has any kind of problem, sometimes the work is stopped for many days. Centralized contains so much confidential information that if leaked we face many problems in our life. And centralized, our information is likely to be hacked at any time. Decentralized power is shared equally by everyone, making it much safer. The cost of this transaction is very high in centralized system. But in Decentralized the cost is much less, and hacking is not possible. If money is exchanged in a centralized manner, the entire control center is with the authority. But with decentralized exchange, the control center is not in the hands of the authority.

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The biggest example of decentralized is crypto exchange. No third parties can interfere with crypto exchanges, and transactions flow seamlessly from sender to receiver. As a result, centralized to decentralized is more profitable and more secure. The reasons why Decentralized is the best is that it allows transactions to be done without any third parties, without any trust issues. And that's why cryptocurrencies are so popular.

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.