Hello dear friends and hello dear friends and it is a pleasure for me to participate in this crypto assignment organised by at @benton3 on centralization and decentralisation so please read through my post as I answer the questions.

1. Define Decentralization and Centralization

Decentralization is a system through which a lower-level companies operate a local information to accompany global goals it involves his ability distributing decision it is an internet-connected system where no single entity is the sole authority in blockchain decentralized system is the transfer of control and decision-making from a particular entity to a distributed network.

Centralization is a database that is located and stored in a single location this is the most commonly used system in organisation where a client send a request to the company's server and receives a response immediately

2. Kindly list their differences

• When it when it comes to the flow of communication, centralisation centralisation system is vertically aligned while decentralization system is free and more open.

• Decision-making process in centralisation system takes time while in decentralization system it is faster.

• In centralisation system the authority is given to the senior management why in decentralization system the lower or middle management have power.

• In centralization system there is no proper control of over the organisation why in decentralized system base proper control.

3. List the 5 advantages and disadvantages of both a centralized and decentralized system

Advantages of centralized system

• It is very effective
• Decision making process is very effective.
• There are no duplications
• It promotes equality across the country
• It promotes the the emergence of a unified, national economic system.

Disadvantages of centralized

• Bureaucratic administration
• Remote control
• Deferrals in work
• Absence of representatives devotion
• Expansion of exercises

Advantages of decentralized system

• It avoids the risk of excessive concentration of power
• It enhances economic development
• It ensures broader political innovation
• It respects culture
• It promotes the creation of policies

disadvantages of decentralized system

• Problems of coordination
• External factors
• Increased administrative price
• High cost of operation
• Profit- center concept

This is the link to my introduction post

Cc:
@steemkidss
@ngoenyi
@benton3
@goodybest
@chimeroselam