Image Link

define decentralization describe the advantages and disadvantages of a decentralized system in what areas of life can a decentralized blockchain be helpful.

The blockchain acts as a decentralized system. It is not possible to change the information in any way and also it is not possible to access it. In a centralized system the user is not empowered and autonomous. He is completely under the centralized system in decision making. Account will be closed. This means that the central account has complete control over your account. In this system the user has complete freedom, he can be independent in all matters of his business transactions and he can fully express his views. Your account and above can run perfectly. It has full access to third parties and does not have access to its information and account, everyone has access to this system from top to bottom. They are empowered in a system that has the power to run itself. You can deposit money in this system at will and send it to someone from your illness and you can decide for yourself in the profit and loss of your business that it will not be bound in any way by the central system. Run and run businesses, decentralized systems are made up of thousands of computers that act as servers. These computers are called nodes and do not have access to your account through third parties. It stores all your information.

Advantages

The user has full freedom of expression. There will be no restriction on Sadif's opinion. He can express his opinion freely

On the other hand, every user has the autonomy to run his account as he pleases. Handle your transactions, your business and your account. The central system has no role to play and no principles are involved.

Here you can save money at will and send your money to anyone at any time and run your business.

Your information is completely secure. No third party can access it. No one can hack your information.

With this system, business transactions and money from all over the world can be done in a timely and efficient manner. In this system, fraud in the public fund sector can be fully investigated, when, where and how much funds have been sent, full details have been sent. It is included in the system so there is no room for fraud

This system fully protects your information and keeps track of all transaction history. Therefore, it is completely safe from fraud and it is possible to discuss matters between other countries.

On the other hand, one person is not superior to another. Everyone is given equal power to work as he develops and moves forward according to his will and ability.

Disadvantages

Trained here and if the transaction is done on the wrong account, there is no refund, so skilled people are needed here and there is no room for error if some money is transferred to another account by mistake. Be , It cannot be returned

You have complete freedom to send or deposit your money to anyone at any time. You are free in all aspects of your transactions. Therefore, money raised from illicit funds can be used exclusively for any crime. Which is very harmful Similarly, not everyone has the ability to make timely decisions and they make wrong decisions which have very negative consequences and one small mistake can cause a huge loss.

The decentralized system is helpful in various areas of life

Here's how to improve your business. The merchant can send or receive money to any person at any time and there is a fast system.

The education system can be improved. Private lectures to students which are very beneficial for their education and their future. And consciousness can be created

Many people who have the power are illegally occupying people's lands by making illegal documents. Here you can completely eradicate fraud and corruption. In any country, you can keep a complete record of the sale and purchase of your land and a record of your land documents that can be accessed.

The banking and funding system can be improved. There are full details of the transaction, who did it and when and how many and when the transaction took place. In this way, corruption in funds can be eliminated and the banking system can be accelerated and improved.

The health system can be improved. You can keep a complete record of your medicine so you have to consult different doctors during treatment. You can check their data which is very useful for our poor and can improve the health system.

If you vote for someone, no one transfers your vote to anyone else so the system of politics can be improved. If there is an election here, there will be allegations of fraud. Therefore, fraud and allegations can be eliminated through this system.

It can be effective in various fields at the governmental level. In this, taxes can be collected in a fair and transparent manner.

Through this, various aspects of one's life can be improved and this system can be effective in various fields at the governmental level.

Specially thanks for supporting

Respected Sir

@Yousafharoonkhan
@sapwood

Regards

@naveed15125