[Video Blog #147] - Streamity - A Decentralised Cryptocurrency Exchange

sebastianjago (66) 6 years ago

Thanks Tina. Working hard on delivery good content. Been very selective with my time and focus. There are numerous opportunities and it is important to work through them all and find what is worth while and has depth.

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faissalchahid (1)(1) 6 years ago

Note that the previous chart shows the difference between the center (to the left) and we find that there is a point of divergence of all branches and this point is the server of the main company and this server contains all the information of the company and there is no other site that holds this information, Sub-computers within the company and the main server also has all the powers (deletion, modification, addition).

While in the right-hand plan comes the concept of decentralization to separate the unified entity into several entities not governed by a single person or organization, but are the points of each containing the same information and the same powers and can be considered such points as members of the Board of Directors (Board Members) where all these members have All information about the organization and the ability to make a difference.

There are three types of (not) centralized and can be explained by better understanding of decentralization:

Architectural (de) centralization:
Architecture here means the physical distribution of information and data, whether the distribution on the places or organs or people and centralization means that only one place contains all the information, but the decentralization of architecture, the distribution of a large number of elements, which provides significant advantages, including increasing the amount of leniency with Failure as we shall see later.

Political (de) centralization:
Political centralization is meant to focus administrative power in the hands of the central authority and in the hands of their subordinates, subject to presidential authority. And here we note the link to the first type is the (not) central architecture, if there are several places containing the same information Who controls these places? The principle of control is what we mean by the political aspect of (not) centralized, in the political decentralization is the distribution of powers of control and amendment to several people to prevent the control of any person or party to power.

Logical (de) centralization:
Although the possibility of distributing information on several places and giving control to several people, but this information can form a single system of transmission, for example, it represents the human body can not be divided is a single block integrated section can not live without the other and that is what we mean by centralization Logical Decentralization is the possibility of separating the system from each other and continue to work without any problem and we will find examples in the next paragraph on these types.

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sebastianjago (66) 6 years ago

There is a degree of centralisation when there is a team or governing body overlooking the project. The challenge is finding ways to neutralise this authority and still obtain consensus. Platforms like EOS and multi algo cryptos provide some diversity and even spread however there is still more to do.

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seniorpower (46) 6 years ago

The concept of decentralization is one of the most important concepts that are traded frequently and periodically in our time especially in the world of digital currencies and the Qin Block. In this article we will discuss the concept of decentralization and how it is embodied through Block Qin technique.

Decentralization
According to Wikipedia, decentralization is defined as the degree of non-concentration of power, that is, the dispersion of authority and its distribution among people and different administrative levels in the organization or at the state level. In the world of digital currencies, a decentralized network is a network that does not depend on its work or management on a third party or intermediary. But are run and managed by network users. This type of network is called per-to-per-network, where every user of the network communicates with any other user without asking permission or need for any other party. This type of network is characterized as impenetrable and immune against intrusions as there is no single entity if hacked can penetrate the control of the network and manipulation. To understand decentralization more clearly, let's compare centralism to decentralization

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hamidaitlahcen (42) 6 years ago

Decentralization is the world's future
Decentralization systems have less potential for failure because they rely on multiple computers and components that are not unbreakable at the same time.
fault Tolerance

Resistance to Attacks Attack Resistance:
Decentralized systems are difficult to attack, smash and manipulate because they do not rely on one main server but a huge group of computers interconnected

attack Resistance
Collusion resistance:
It is very difficult for the elements of decentralized systems to work together to achieve profits for their benefit at the expense of other elements in the system itself, while central systems can manipulate the management of a company or a government organization and order damage to the elements of the staff and customers and even the public.
collusion Resistance

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blazing (70) 6 years ago

decentralised exchanges are a must now we need more like these

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sebastianjago (66) 6 years ago

Yes I agree. There is still room for more exchanges however I feel once we have established good tech and platforms we should focus on making sure they last the long term. Everyone wants liquidity and traffic. A diluted industry is not a good thing in this niche.

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