Why Decentralized (Needed)?

[thoanh1998]

The analysis of the Ethereum Network, the decentralization and the role of the CRYPTO SWAP decentralization fund in the decentralized ecosystem - the trend of the Revolutionary era, are as follows.

There are many who have heard the word "decentralized" and partly visualize its basic meaning. However, there are still misconceptions and misconceptions about decentralization. Today we will go deeper into the topic of decentralization and explain its importance, thereby precisely defining the close connection between electronic and decentralized money.

Important terms: What is decentralization?
Before we get started, let's get to know some of the key terms:

Centralized - Subject to management, control, direction and disposition by a single agency. The example here is the US government. When US dollars are cast under the permission of the US Congress, that means the US dollar is "backed" by the US government, so it can be trusted by anyone in the government system. And so, if the US government collapses, the US dollar will disappear. In terms of information technology, this means that a server will specialize in managing and controlling other machines. If the server dies, the machines connected to it die.
Decentralized - A system that does not have an independent individual / organization, or a server that has control over other machines. Ethereum is a concrete example of a decentralized currency, with the fact that the currency is no longer printed and valued by any organization but created and priced by the community. co-use it. In terms of IT, this means that no specific device is needed for the system to function.
Distributed - The definition of distribution is basically similar to decentralization / decentralization, but the network will now have a series of participating devices, and if a machine stops functioning, the system still running.

1. Be open and transparent
With a decentralized system, all participants, including third party developers, developers, and entrepreneurs, interact with one another. No intermediary has the right to hold capital during the transaction. Therefore, it increases the transparency and reliability of the participants.

2. Maximum security
Given the high degree of integration and interaction of the participants, the vulnerability of a hacker system is very low; Because hackers have to pass each other's systems one by one to hack a single electronic money network, as hacking becomes more difficult than ever.

3. Consensus, homogeneity
In this case, all market participants and members of the pre-coding community will jointly vote on the decision. The opposite is the centralized system, where people are subjected to control by an organization, and sometimes they make unlikely changes that will benefit everyone.

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[tulais63c22]

I think the generic technology is essential to this market. This article is very useful.

[Duyen1971]

decentralization brings a lot of benefits to our cryptographic market in the future. It helps to stabilize the system, increase security and transparency for the system.

[Hinhngoc1200]

In my opinion, decentralization is the current situation. But I think it also takes time to develop. It makes it hard for hackers to infiltrate and destroy the system 

[kieutrinh524]

Seeing people are discussing too much, I have some comments that the technology is not decentralized is quite new. The cryptocurency market needs time to grow!

[bbnt81]

I want to add more reason for it.
I think it is crucial that we dont want crypto world to be manipulated by any individual. In stead, we trust the entire community and have ourselves doing the job.
Manipulation is bad and it will make some individuals have way more power than the rest.

[maimai87122]

What are you waiting for in this market? I think in the future it will thrive. I still have faith with it

[HUNGTHANH313]

In the future to come, decentralization will be applied to a lot of production and human needs by virtue of it. It is very meaningful and extremely helpful.

[bitfhone332]

I still have some skepticism about this market. It is so good but too young, It is being manipulated by some people

[huyenmy87411]

Everyone is discussing so hot, I am new to this market, need to learn more people want to help.

[bungari9856]

I have been into this market for a long time, mainly interested in its decentralized technology. I feel it is extremely useful for us later. Perhaps in the future the market will be bustling again

[congcong3366]

This article analyzes the technologies and features of the common denominator. Thanks to the article writer for giving me useful information on. Thank you

[palle11]

Being decentralized is what cryptocurrency stands for, not being controlled nor manipulated but being on its own parallel. The market is made in a way that it does not need a third party permission to either omit an action or carry out an action.

[thoanh1998]

I'm newbie . What's missing are people hoping for sympathy. Thank you all for your attention.   

[hall16]

 Decentralized - a system in which no single person, institution, or machine is telling others what to do.  It is open and transparent, where in a decentralized system participants interact one on one with each other. Thus with the very high integration and interaction of the participants, the possibility of an attack by a system hacker is very low, as the hacker has to go through all the participants’ systems to hack a single crypto-network, making the attempt harder than before. Also, there are no crucial central control points to attack. The economic size surrounding the system is much larger and therefore much more expensive to attack. In a nutshell, I would say decentralization is needed for a better security and trust as no single person or entity controls the system.

[pohank]

The analysis of the Ethereum Network, the decentralization and the role of the CRYPTO SWAP decentralization fund in the decentralized ecosystem - the trend of the Revolutionary era, are as follows.

There are many who have heard the word "decentralized" and partly visualize its basic meaning. However, there are still misconceptions and misconceptions about decentralization. Today we will go deeper into the topic of decentralization and explain its importance, thereby precisely defining the close connection between electronic and decentralized money.

Important terms: What is decentralization?
Before we get started, let's get to know some of the key terms:

Centralized - Subject to management, control, direction and disposition by a single agency. The example here is the US government. When US dollars are cast under the permission of the US Congress, that means the US dollar is "backed" by the US government, so it can be trusted by anyone in the government system. And so, if the US government collapses, the US dollar will disappear. In terms of information technology, this means that a server will specialize in managing and controlling other machines. If the server dies, the machines connected to it die.
Decentralized - A system that does not have an independent individual / organization, or a server that has control over other machines. Ethereum is a concrete example of a decentralized currency, with the fact that the currency is no longer printed and valued by any organization but created and priced by the community. co-use it. In terms of IT, this means that no specific device is needed for the system to function.
Distributed - The definition of distribution is basically similar to decentralization / decentralization, but the network will now have a series of participating devices, and if a machine stops functioning, the system still running.

1. Be open and transparent
With a decentralized system, all participants, including third party developers, developers, and entrepreneurs, interact with one another. No intermediary has the right to hold capital during the transaction. Therefore, it increases the transparency and reliability of the participants.

2. Maximum security
Given the high degree of integration and interaction of the participants, the vulnerability of a hacker system is very low; Because hackers have to pass each other's systems one by one to hack a single electronic money network, as hacking becomes more difficult than ever.

3. Consensus, homogeneity
In this case, all market participants and members of the pre-coding community will jointly vote on the decision. The opposite is the centralized system, where people are subjected to control by an organization, and sometimes they make unlikely changes that will benefit everyone.

Decentralized as being a solution for problem concentrated system can be seen with by us. Platforms stick to a lifecycle that is predictable. They can do everything that they can to recruit 3rd party complements and consumers like developers, companies, and media organizations , when they start off. They can do this to produce their companies more valuable, as platforms (by definition) are systems with multi-sided system impacts. Their power more than 3rd parties and users steadily grows as the adoption S-curve moves up.. you can look illustration picture below

[astridwi]

decentralization will give the owner of the token or coin the same position in the crypto community, without interference or regulation by the government the concept is generally so, even though in reality there is still price regulation by the dominant coin owner we often call a pope who is said to be able to manipulate market price

[Jeffrey Tabicas]

Thanks for your topic. You had analyzed clearly about decentralizing and showed for us that decentralizing needed. Decentralizing  helps us protect and stabilize the crypto system. Moreover, Bitcoin is not under control by governments so it is necessary to decentralize.

[BoxerRobert]

Centralized control by someone or some country. Within a day it happen anything .In india 2016 goverment anounced some news within 24 hrs some currency note not usefull. All cryptocoin also happen like this if it is centralized.So that's why decentralized is must needed.