Centralized v/s Decentralized | Bitcointalksearch.org

Cryptoprimes

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Quote from: WhiteCoconut on January 25, 2019, 05:39:48 AM

Unfortunately while the Bitcoin network is decentralized, its price is somewhat centralized. I believe that the jump from $10.000 to $20.000 was centralized manipulation, and some parts of the bear market after that. It was basically a giant Pump & Dump scheme. Now people want the crypto to go back to the Moon, but obviously this is not the best thing that can happen

Otherwise blockchain is just a fancy database. Normal centralized databases are simply files located on a single server. Or few servers, but only for backup reasons. There is one owner of the database who can change it every time he wants, he has the control of the data. In blockchain we don't want anyone to exclusively control all the data and that's why it is designed as a decentralized database - database that exists on many locations at the same time, but is designed in a way so that any person owns only small fraction of it - his own address.

Yeah, Bitcoin manipulation has been done by major US banks, also ETF will definitely centralize it more, but it's a lot better than using fiat money, and we always have a chance to beat that banks or earn with them together.

omonuyak

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Quote from: Hide man@ on December 18, 2018, 11:05:02 PM

what is diffrenc b/w centralize and decentralized

Many answer has been giving on this and all are correct. Blockchain technology discovered has changed the cause of doing things and businesses. You can now make anonymous transactions because it is decentralized but the bank system we have is centralized and you must goes through third party in other to make transactions happened.

WhiteCoconut

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Unfortunately while the Bitcoin network is decentralized, its price is somewhat centralized. I believe that the jump from $10.000 to $20.000 was centralized manipulation, and some parts of the bear market after that. It was basically a giant Pump & Dump scheme. Now people want the crypto to go back to the Moon, but obviously this is not the best thing that can happen

Otherwise blockchain is just a fancy database. Normal centralized databases are simply files located on a single server. Or few servers, but only for backup reasons. There is one owner of the database who can change it every time he wants, he has the control of the data. In blockchain we don't want anyone to exclusively control all the data and that's why it is designed as a decentralized database - database that exists on many locations at the same time, but is designed in a way so that any person owns only small fraction of it - his own address.

jademaxsuy

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Quote from: Hide man@ on December 18, 2018, 11:05:02 PM

what is diffrenc b/w centralize and decentralized

There are wide differences between this two system. Yet, I only want to say something about this two system that there is no absolute centralized system and absolute decentralized system existed that is productive in a certain community. There are rolings with the two system and both could be used integrating to the success of a certain community or any relative group.

ballerin and giroud

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Simply put, a centralized system is the existence of a regulating party, all changes from the system will be validated when those who have the authority to approve it. Whereas a decentralized system, no one party regulates changes that will occur. For example, like Hardfork, when some users who want an increase in the quality of coins, they will separate themselves without a trial.

gutshot5820

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Quote from: mk4 on December 18, 2018, 11:33:24 PM

Source of image: https://blog.cryptorobo.com/en/blog/2017/07/13/decentralization/

Also: http://lmgtfy.com/?q=difference+between+centralized+and+decentralized

great visual

Coyster

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Quote from: Little Mouse on January 23, 2019, 09:39:30 PM

Centralized means depending on a single entity. But decentralized refers to depend on ownself or someone where a single people/entity can not manipulate the system. In a centralized system like as our govt, can do whatever they wish but in a decentralized system, it requures everyone's opinion/validation.

It doesn't generally mean depending on a single entity,centralization just has to do with having a recognised authority or body which handles affairs and makes decisions,for example our government today,is a centralized authority in our nations but we do not depend on them to provide for us, all they do is make decisions and enforce laws that we all must obey.
Decentralization on the other hand refers to absence of a central authority or body,in a decentralized as opposed to your statements,manipulations can occur as there is no "body" to checkmate activities,for example in this cryptocurrency network,whales can hugely affect market prices through manipulation

Velkro

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Quote from: Hide man@ on December 18, 2018, 11:05:02 PM

what is diffrenc b/w centralize and decentralized

single point of failure, multiple points of failure
single authority, multiple authorities

shortest as i can, but it depends if you asking in terms of Bitcoin or in general computer science

Little Mouse

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Marketing Campaign Manager |Telegram ID- @LT_Mouse

Centralized means depending on a single entity. But decentralized refers to depend on ownself or someone where a single people/entity can not manipulate the system. In a centralized system like as our govt, can do whatever they wish but in a decentralized system, it requures everyone's opinion/validation.

Onuohakk

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Well simplified version is that there is a middle man in centralization and there is no middle man in decentralized is free from any form of third party involvement

cokroalif

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Centralization is a form of regulation of authority which comes from the government

Decentralized there is no centralized entity / institution that prints money, but money is printed by users. This is what causes Bitcoin to emerge as a decentralized system.

Ibrahim60

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The OGz Club

On centralized system, you have to depend on others and there has limitation but on the decentralized method, you can transaction without depending on others. You will get more user experience here.

bitfocus

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This article is for you
https://blog.cryptorobo.com/en/blog/2017/07/13/decentralization/

mk4

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Paldo.io 🤖

Quote from: treatWy on December 18, 2018, 11:58:21 PM

The difference between centralized and decentralized is spelling. Grin

Just kidding.... Anyways, centralized simply means govern by the government. Decentralized means government regulations couldn't touch the entire system of the particular decentralized sector or organization as long as it is not a threat to national security.

Centralized doesn't necessarily mean being controlled by the government. It generally means that it's controlled by a central authority. A good example would be PayPal; while it's not controlled by the government(as far as I know), it's controlled by a single entity, PayPal Holdings Inc, which can deny you access to your account simply if they want to, without stating any reason at all. And as a person that's in the e-commerce industry, this happens a lot more frequently than most people think.

elloco4ever

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Quote from: mk4 on December 18, 2018, 11:33:24 PM

Source of image: https://blog.cryptorobo.com/en/blog/2017/07/13/decentralization/

Also: http://lmgtfy.com/?q=difference+between+centralized+and+decentralized

Well this image gives you the detailed information of the difference between centralized and decentralized, you have freedom in decentralized coins similarly you cannot expect the same in centralized coins because the government has rights and the process becomes responsibility to them. where are decentralized powers and functions are distributed among local people's and the government will not involve in this.

treatWy

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The difference between centralized and decentralized is spelling. Grin

Just kidding.... Anyways, centralized simply means govern by the government. Decentralized means government regulations couldn't touch the entire system of the particular decentralized sector or organization as long as it is not a threat to national security.

Kayum10029

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Centralised currencies having a tendency towards user to center and decentralised currencies having tendency towards center to user and multidirection.

mk4

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Paldo.io 🤖

Source of image: https://blog.cryptorobo.com/en/blog/2017/07/13/decentralization/

Also: http://lmgtfy.com/?q=difference+between+centralized+and+decentralized

Hide man@

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what is diffrenc b/w centralize and decentralized

Topic: Centralized v/s Decentralized (Read 269 times)