What Are The Differences Between Centralized And Decentralized Digital Networks?
Here, the system’s control is under central authority; it refers to the top management’s preservation of power and authority in terms of planning and decision-making.
The decision-making process is prolonged; it consumes a lot of time to make the final decision. It functions as a middleman between the buyer and seller.
They are more susceptible to hacks as the data leaves the security of the individual node.
Nodes connected in the network are not dependent on a single service point. A decentralized network is highly secure.
The decision-making process is speedy. Transactions do not incur middleman costs.
It is not easy to hack. As there is no single point of entry.
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