Be Privacy conscious; Protect your data

Detroit · 2023-06-29 19:15:45

Centralisation gets consistency approach and activity and uses nearer power over working units. It handles crises instantly and successfully

CrytoCynthia · 2023-06-29 19:23:00

Both centralization and decentralization have their own advantages and disadvantages. Even if an organization is working in a decentralized manner, some things can still go wrong.

Comrade · 2023-06-29 19:24:21

Detroit;16555 wrote:

Centralisation gets consistency approach and activity and uses nearer power over working units. It handles crises instantly and successfully

well I can actually say that one of the differences between the centralisation and decentralization system is the legalism

CrytoCynthia · 2023-06-29 20:00:33

Both firms are still making markets, though on a smaller scale, and not abandoning crypto entirely, Most people who buy crypto assets hope to turn a profit

crpuusd · 2023-06-29 20:14:41

CrytoCynthia;16579 wrote:

Both firms are still making markets, though on a smaller scale, and not abandoning crypto entirely, Most people who buy crypto assets hope to turn a profit

The crypto currency has more potential of doing more greater benefits in the trade systems than the ongoing centralised system

PEACEMAKER · 2023-06-29 22:33:44

crpuusd;16587 wrote:

The crypto currency has more potential of doing more greater benefits in the trade systems than the ongoing centralised system.

Yes you are right, cryptocurrency is a far more flexible system and would adapt easily to the fast changing world. The traditional financial system is still functioning the same way it did several years ago and is less is suited to be the currency of the future.

Comrade · 2023-06-30 12:38:56

PEACEMAKER;16650 wrote:

crpuusd;16587 wrote:
The crypto currency has more potential of doing more greater benefits in the trade systems than the ongoing centralised system.
Yes you are right, cryptocurrency is a far more flexible system and would adapt easily to the fast changing world. The traditional financial system is still functioning the same way it did several years ago and is less is suited to be the currency of the future.

The centralised system always have an attachable protocol and backdoors to equip vices in tracking financials so its makes it more adequate for breach in System.

Camavinga · 2023-06-30 17:08:23

Detroit;16555 wrote:

Centralisation gets consistency approach and activity and uses nearer power over working units. It handles crises instantly and successfully

The problem with centralization is not consistency or their approach, if they are a good company they will run their company in a good way and handle crisis well, their problem is that you will not have any privacy when you use them, that is why decentralized ecosystem is better if that is what you are looking for.

Detroit · 2023-06-30 18:54:52

Decentralized networks are secure because of how they handle data and transactions. They use cryptography to ensure that the data ledgers are optimum.

CrytoCynthia · 2023-06-30 19:44:49

Users can buy nearly any cryptocurrency on decentralized crypto exchanges, while centralized exchanges may be more likely to vet and limit their offerings.

JONSNOWING · 2023-06-30 19:47:03

This means the centralized exchange is good if they render good services and handle their transactions well even with the 3rd party. The decentralized exchange though gets the trust of most investors because you get to be your own bank

Europ · 2023-06-30 22:31:13

JONSNOWING;16814 wrote:

This means the centralized exchange is good if they render good services and handle their transactions well even with the 3rd party. The decentralized exchange though gets the trust of most investors because you get to be your own bank

I believe both are good, but due to the economical status of the digital infrastructures i will prefer the decentralization of an exchange and more if there can be a little update in the secured systems.

Crpuss · 2023-06-30 22:36:39

Europ;16916 wrote:

JONSNOWING;16814 wrote:
This means the centralized exchange is good if they render good services and handle their transactions well even with the 3rd party. The decentralized exchange though gets the trust of most investors because you get to be your own bank
I believe both are good, but due to the economical status of the digital infrastructures i will prefer the decentralization of an exchange and more if there can be a little update in the secured systems.

Well I am sacred of the centralized system and the slavery the government has already put us into so I definitely would avoid centralizated system

oba · 2023-06-30 22:43:10

CrytoCynthia;16559 wrote:

Both centralization and decentralization have their own advantages and disadvantages. Even if an organization is working in a decentralized manner, some things can still go wrong.

Yes, every firm has with own advantages and disadvantages but centralized exchanges (CEX) are almost like traditional exchanges that are operated and managed by a central authority or company.

Vastextension · 2023-06-30 22:43:31

oba;16923 wrote:

CrytoCynthia;16559 wrote:
Both centralization and decentralization have their own advantages and disadvantages. Even if an organization is working in a decentralized manner, some things can still go wrong.
Yes, every firm has with own advantages and disadvantages but centralized exchanges (CEX) are almost like traditional exchanges that are operated and managed by a central authority or company.

Meanwhile, the central authority is one of the disadvantages of centralized exchanges. Although, they always have higher trading volumes, which results in greater liquidity. This makes it easier for users to buy and sell assets quickly without significant price slippage.

level · 2023-06-30 22:43:55

Vastextension;16924 wrote:

oba;16923 wrote:
CrytoCynthia;16559 wrote:
Both centralization and decentralization have their own advantages and disadvantages. Even if an organization is working in a decentralized manner, some things can still go wrong.
Yes, every firm has with own advantages and disadvantages but centralized exchanges (CEX) are almost like traditional exchanges that are operated and managed by a central authority or company.
Meanwhile, the central authority is one of the disadvantages of centralized exchanges. Although, they always have higher trading volumes, which results in greater liquidity. This makes it easier for users to buy and sell assets quickly without significant price slippage.

Some centralized exchanges often provide user-friendly interfaces that make it easier for both beginners and experienced traders to navigate the platform, place orders, and manage their accounts.

oba · 2023-06-30 22:44:16

level;16926 wrote:

Vastextension;16924 wrote:
oba;16923 wrote:
Yes, every firm has with own advantages and disadvantages but centralized exchanges (CEX) are almost like traditional exchanges that are operated and managed by a central authority or company.
Meanwhile, the central authority is one of the disadvantages of centralized exchanges. Although, they always have higher trading volumes, which results in greater liquidity. This makes it easier for users to buy and sell assets quickly without significant price slippage.
Some centralized exchanges often provide user-friendly interfaces that make it easier for both beginners and experienced traders to navigate the platform, place orders, and manage their accounts.

Centralized exchanges typically offer customer support services to assist users with their trading activities, account-related queries, and technical issues.

Vastextension · 2023-06-30 22:44:40

oba;16927 wrote:

level;16926 wrote:
Vastextension;16924 wrote:
Meanwhile, the central authority is one of the disadvantages of centralized exchanges. Although, they always have higher trading volumes, which results in greater liquidity. This makes it easier for users to buy and sell assets quickly without significant price slippage.
Some centralized exchanges often provide user-friendly interfaces that make it easier for both beginners and experienced traders to navigate the platform, place orders, and manage their accounts.
Centralized exchanges typically offer customer support services to assist users with their trading activities, account-related queries, and technical issues.

Centralized exchanges generally offer a wide range of trading pairs, allowing users to access various digital assets and trade them against popular cryptocurrencies or fiat currencies. Let's talk about its disadvantages.

level · 2023-06-30 22:45:07

Vastextension;16928 wrote:

oba;16927 wrote:
level;16926 wrote:
Some centralized exchanges often provide user-friendly interfaces that make it easier for both beginners and experienced traders to navigate the platform, place orders, and manage their accounts.
Centralized exchanges typically offer customer support services to assist users with their trading activities, account-related queries, and technical issues.
Centralized exchanges generally offer a wide range of trading pairs, allowing users to access various digital assets and trade them against popular cryptocurrencies or fiat currencies. Let's talk about its disadvantages.

Ok. Centralized exchanges often require users to provide personal information, including KYC (Know Your Customer) verification, which compromises user privacy and exposes them to potential data breaches.

oba · 2023-06-30 22:45:27

level;16930 wrote:

Vastextension;16928 wrote:
oba;16927 wrote:
Centralized exchanges typically offer customer support services to assist users with their trading activities, account-related queries, and technical issues.
Centralized exchanges generally offer a wide range of trading pairs, allowing users to access various digital assets and trade them against popular cryptocurrencies or fiat currencies. Let's talk about its disadvantages.
Ok. Centralized exchanges often require users to provide personal information, including KYC (Know Your Customer) verification, which compromises user privacy and exposes them to potential data breaches.

Since centralized exchanges hold user funds and personal data on their platforms, they become targets for hackers. Data breaches and security incidents have led to significant losses and the compromise of user information.

Vastextension · 2023-06-30 22:45:48

oba;16931 wrote:

level;16930 wrote:
Vastextension;16928 wrote:
Centralized exchanges generally offer a wide range of trading pairs, allowing users to access various digital assets and trade them against popular cryptocurrencies or fiat currencies. Let's talk about its disadvantages.
Ok. Centralized exchanges often require users to provide personal information, including KYC (Know Your Customer) verification, which compromises user privacy and exposes them to potential data breaches.
Since centralized exchanges hold user funds and personal data on their platforms, they become targets for hackers. Data breaches and security incidents have led to significant losses and the compromise of user information.

Centralized exchanges are subject to regulatory requirements and potential shutdowns or restrictions imposed by government authorities. This can disrupt trading activities and restrict user access to funds. An example Binance US

level · 2023-06-30 22:46:16

Vastextension;16932 wrote:

oba;16931 wrote:
level;16930 wrote:
Ok. Centralized exchanges often require users to provide personal information, including KYC (Know Your Customer) verification, which compromises user privacy and exposes them to potential data breaches.
Since centralized exchanges hold user funds and personal data on their platforms, they become targets for hackers. Data breaches and security incidents have led to significant losses and the compromise of user information.
Centralized exchanges are subject to regulatory requirements and potential shutdowns or restrictions imposed by government authorities. This can disrupt trading activities and restrict user access to funds. An example Binance US

When using centralized exchanges, users are placing trust in the exchange to effectively handle their transactions and hold their assets securely. If the exchange faces financial issues or fails, users may face challenges in accessing or recovering their funds. That's FTX

oba · 2023-06-30 22:46:43

level;16933 wrote:

Vastextension;16932 wrote:
oba;16931 wrote:
Since centralized exchanges hold user funds and personal data on their platforms, they become targets for hackers. Data breaches and security incidents have led to significant losses and the compromise of user information.
Centralized exchanges are subject to regulatory requirements and potential shutdowns or restrictions imposed by government authorities. This can disrupt trading activities and restrict user access to funds. An example Binance US
When using centralized exchanges, users are placing trust in the exchange to effectively handle their transactions and hold their assets securely. If the exchange faces financial issues or fails, users may face challenges in accessing or recovering their funds. That's FTX

Centralized exchanges require users to trust the central authority to operate the platform fairly and transparently. Users have limited control over their assets and rely on the exchange to execute trades and maintain their funds securely.

Vastextension · 2023-06-30 22:47:08

oba;16935 wrote:

level;16933 wrote:
Vastextension;16932 wrote:
Centralized exchanges are subject to regulatory requirements and potential shutdowns or restrictions imposed by government authorities. This can disrupt trading activities and restrict user access to funds. An example Binance US
When using centralized exchanges, users are placing trust in the exchange to effectively handle their transactions and hold their assets securely. If the exchange faces financial issues or fails, users may face challenges in accessing or recovering their funds. That's FTX
Centralized exchanges require users to trust the central authority to operate the platform fairly and transparently. Users have limited control over their assets and rely on the exchange to execute trades and maintain their funds securely.

It is important to weigh these advantages and disadvantages when considering whether to use a centralized exchange.

level · 2023-06-30 22:47:27

Vastextension;16936 wrote:

oba;16935 wrote:
level;16933 wrote:
When using centralized exchanges, users are placing trust in the exchange to effectively handle their transactions and hold their assets securely. If the exchange faces financial issues or fails, users may face challenges in accessing or recovering their funds. That's FTX
Centralized exchanges require users to trust the central authority to operate the platform fairly and transparently. Users have limited control over their assets and rely on the exchange to execute trades and maintain their funds securely.
It is important to weigh these advantages and disadvantages when considering whether to use a centralized exchange.

Some individuals may prioritize liquidity and user-friendly experiences, while others may prioritize privacy and security. Decentralized exchanges (DEX) offer an alternative that addresses some of the disadvantages associated with centralized exchanges. What do you guys say about DEX?

uTalk

#251 2023-06-29 19:15:45

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