This may be off topic but I think it's an interesting distinction that running a full node or an spv client both fall under decentralised. If everyone only had a choice of running bitcoin core, the network would be distributed instead of decentralised (as I understand it).
SPV wallets depends on central server that can make privacy not possible as you depend on the central server which can link many of your bitcoin addresses together and also knowing your IP address. 
Topic: Why I prefer Decentralized wallet - page 2. (Read 316 times)
If you really truly meant decentralized, then the Bitcoin Core software is pretty much your only choice.
This may be off topic but I think it's an interesting distinction that running a full node or an spv client both fall under decentralised. If everyone only had a choice of running bitcoin core, the network would be distributed instead of decentralised (as I understand it).
From what I've read/understood so far, decentralised networks reduce the need for trust by having enough identical honest nodes to handle requests. Distributed networks have identical data and processes on all nodes (but maybe different implementations/software clients and versions - like eth being scripted in multiple languages).
There are more exchanges that have been hacked: Hacked Exchanges since 2011. It was last edited in January 2021, there are more exchanges that have been hacked after the last update.
Beginners should have in mind to use an open source wallet that generates them seed phrase (12 to 24 words), a private key wallet.
To avoid stories that touches, I suggest holding assets in Decentralized wallet. Remember "Not your keys not your wallet"
Did you mean noncustodial wallet? So you will be able to have full control over your own asset, just like using noncustodial wallets like Electrum that was mentioned by MK4.Beginners should have in mind to use an open source wallet that generates them seed phrase (12 to 24 words), a private key wallet.
If you really truly meant decentralized, then the Bitcoin Core software is pretty much your only choice. Or if you meant wallets where you can have total control over your keys and is open-source, then you're talking about non-custodial wallets(Electrum/Wasabi/BlueWallet/etc). There's a significant difference between the two.
Centralized exchange controls lots of investors funds making it site of attraction for hackers who continuously device means to pull funds from the centralized exchanges. You all still remember the 24th Feb. 2014, Mt gox exchange hack? Where huge amount of money was lost to hackers which lead to BTC drastic price fall.
To avoid stories that touches, I suggest holding assets in Decentralized wallet. Remember "Not your keys not your wallet"
To avoid stories that touches, I suggest holding assets in Decentralized wallet. Remember "Not your keys not your wallet"
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