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      "body": "<div class=\"text-justify\">\n\n\n![Screenshot_2022-01-14-09-03-16-64_c0dc27f5c07cb0fb3541d6073dfd6932.jpg](https://cdn.steemitimages.com/DQmV9aN3jmvSBLNaZD6w5EEnc7ANRg29KVp6LAqea2EVt57/Screenshot_2022-01-14-09-03-16-64_c0dc27f5c07cb0fb3541d6073dfd6932.jpg)\n\n[Previous task](https://steemit.com/hive-108451/@vishalgupta1/charts-steemit-crypto-academy-season-5-homework-post-for-task-10) has not been curated.\n\n\n## a) Explain the Japanese candlestick chart? (Original screenshot required).\n## b) In your own words, explain why the Japanese Candlestick chart is the most used in the financial market.\n## c) Describe a bullish and a bearish candle. Also, explain its anatomy. (Original screenshot required)\n\n------\n\n\n### a) Explain the Japanese candlestick chart? (Original screenshot required).\n\n\nCryptographic money market is exceptionally unpredictable and it requires an excellent information on market pattern specialized investigation prior to settling on an exchanging choice.\n\nPrior to including in market pattern specialized investigation, brokers should as a matter of first importance have an excellent information on candle diagram design, since that is the nuts and bolts of specialized examination.\n\nJapanese Candlestick is the most famous specialized investigation instrument that merchants use to diagram and examine the value development in cryptographic money market.\n\n\n![IMG_20220106_180550.jpg](https://cdn.steemitimages.com/DQmV1i9Ee5n6U8CG3y1Fdp7K34a6VCxyoYHjWnfChPKUcto/IMG_20220106_180550.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\nThe Japanese candle is a showcase of activities or collaborations between the purchasers (bulls) and the dealers (bears) at a specific resource's cost. I think they are called candles since they are formed like candles. The Japanese candle outlines were set during the 1700s by a rice broker in Japan. It is among the most generally acknowledged and involved graphs in the monetary business sectors. Crypto dealers utilize these candle diagrams to get thoughts regarding future value developments or headings. Candles are typically comprised of four sections, and they are open cost, greatest cost, most reduced cost, and close(final) cost.\nThe red tone portrays a vertical pattern in the graph and the green shading candle portrays a descending pattern in the diagram. A graph can either be bullish or negative contingent upon the adjustment of cost. They are four sticker costs in the Japanese candle which are the excessive cost, the nearby value, the open cost, and the low cost.\n\n-----\n\n### b) In your own words, explain why the Japanese Candlestick chart is the most used in the financial market.\n------\nThe Japanese candle outlines are for the most part utilized in the monetary market on account of their utilization in examining costs with specialized dealers. They offer more data outwardly from showing the market's greatest cost to the most minimal cost and from the initial cost to the end costs.\n\nThe Japanese candle gives clear and simple examples that are profoundly precise in foreseeing market patterns. Utilizing these examples with a tad of fundamental specialized investigations, you can see the example arising in the market which you can for your potential benefit.\nThe candle design is used in light of the fact that it is the most broadly utilized on the lookout and is the least difficult way to deal with comprehend market patterns.\nThe candle configuration is comprised of two tones, one red and the other green. These two tones help financial backers and merchants in breaking down the market and deciding if they ought to enter or stop the market.\nThe candle diagram can be utilized to conjecture future costs just as give knowledge into what is happening in the personalities of dealers and investors.At work, there is an organic market game that has developed into a candle design. The arrangement of a green candle for any resource shows that purchasers are more hopeful than dealers about the item. Purchasers are less hopeful with regards to the resource when the red candle happens, and venders are selling their resource, bringing about negative examples.\nCandle designs are more hard to comprehend than bar and line outlines. Perusing a few sites or in any event, watching a decent talk might show an amateur a few sorts of candle designs, yet getting bar and line outlines is significantly more troublesome.\nThese are an accessible in a wide scope of tones and styles. The body size of the candle design additionally shows the worth of different resources. Candle designs give dealers a mark of how much people are trading.\nThere are four focuses in the candle outline: opening, shutting, high, and low. \n\n------\n\n### c) Describe a bullish and a bearish candle. Also, explain its anatomy. (Original screenshot required)\n\n------\n\n#### Bullish Candlestick\n\n\n![IMG_20220106_184135.jpg](https://cdn.steemitimages.com/DQmNwTZEcdTrUnUQQr4C18GLuoWRoQ29BqjXNieU2p2sfF4/IMG_20220106_184135.jpg)[source](https://www.tradingview.com/symbols/STEEMETH/)\n\n\n\nA bullish candle design illuminates individuals that the resource is rising. The shade of the two candles can be changed to the client's decision. In other words, it's anything but a consistent shading. The following is a picture showing the upturn of the bullish candle.\n\n#### Bullish candlestick anatomy\n\n#### High\nThis shows the most exorbitant cost recorded throughout a particular timeframe. The most exorbitant cost might be mistaken for the end cost in situations where the candle has no upper shadow. All things considered, the excessive cost is equivalent to the nearby cost.\n\n#### Close\nThis shows the last cost recorded in a candle and is right underneath the upper shadow. It is situated toward the finish of the upper shadow.\n\n#### Open\nThis shows the beginning of the development of cost. starting here is estimated to decide how long the pattern will be vertically. It is situated toward the finish of the lower shadow.\n\n#### Low\nThis at last shows the most reduced cost recorded throughout a given timeframe. Also very much like the excessive cost, in situations where the low cost has no lower shadow, then, at that point, it is recorded equivalent to the open cost.\n\n#### Bearish Candlestick\n\nThe bearish candlestick is used to represent the negative momentum (I.e decrease in price) of a price as a result of increase in sell than demand. This momentum is mostly denoted with a red colour. This candle opens at the upper shadow and close at lower shadow.\n\n\n#### Anatomy of Bearish candlestick\n\nOpen: Otherwise called opening value, it is the start of the negative candle arrangement subsequent to taking over from past. In negative candle, Open is situated at the upper shadow.\n\nClose: It is the point that the candle stops/complete it development. It situated in the lower shadow of a negative candle.\n\nHigh: It is the most noteworthy negative value force that a resource/ware include reach inside explicit time before the arrangement of another candle. It is situated at the highest point of the candle wick (upper shadow).\n\nLow: It is the most reduced negative value force inside a specific time. It is situated at the buttom of the candle (lower shadow).\n\n\n![IMG_20220106_185328.jpg](https://cdn.steemitimages.com/DQmPyCDZQMDjGy7qvqFZq7NjtbG7rhUers3kzAByhc8gdX6/IMG_20220106_185328.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)</div>\n\n\nCc:-\n@shemul21\n@dilchamo",
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      "body": "<div class=\"text-justify\">\n\n\n## a) Explain the Japanese candlestick chart? (Original screenshot required).\n## b) In your own words, explain why the Japanese Candlestick chart is the most used in the financial market.\n## c) Describe a bullish and a bearish candle. Also, explain its anatomy. (Original screenshot required)\n\n------\n\n\n### a) Explain the Japanese candlestick chart? (Original screenshot required).\n\n\nCryptographic money market is exceptionally unpredictable and it requires an excellent information on market pattern specialized investigation prior to settling on an exchanging choice.\n\nPrior to including in market pattern specialized investigation, brokers should as a matter of first importance have an excellent information on candle diagram design, since that is the nuts and bolts of specialized examination.\n\nJapanese Candlestick is the most famous specialized investigation instrument that merchants use to diagram and examine the value development in cryptographic money market.\n\n\n![IMG_20220106_180550.jpg](https://cdn.steemitimages.com/DQmV1i9Ee5n6U8CG3y1Fdp7K34a6VCxyoYHjWnfChPKUcto/IMG_20220106_180550.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\nThe Japanese candle is a showcase of activities or collaborations between the purchasers (bulls) and the dealers (bears) at a specific resource's cost. I think they are called candles since they are formed like candles. The Japanese candle outlines were set during the 1700s by a rice broker in Japan. It is among the most generally acknowledged and involved graphs in the monetary business sectors. Crypto dealers utilize these candle diagrams to get thoughts regarding future value developments or headings. Candles are typically comprised of four sections, and they are open cost, greatest cost, most reduced cost, and close(final) cost.\nThe red tone portrays a vertical pattern in the graph and the green shading candle portrays a descending pattern in the diagram. A graph can either be bullish or negative contingent upon the adjustment of cost. They are four sticker costs in the Japanese candle which are the excessive cost, the nearby value, the open cost, and the low cost.\n\n-----\n\n### b) In your own words, explain why the Japanese Candlestick chart is the most used in the financial market.\n------\nThe Japanese candle outlines are for the most part utilized in the monetary market on account of their utilization in examining costs with specialized dealers. They offer more data outwardly from showing the market's greatest cost to the most minimal cost and from the initial cost to the end costs.\n\nThe Japanese candle gives clear and simple examples that are profoundly precise in foreseeing market patterns. Utilizing these examples with a tad of fundamental specialized investigations, you can see the example arising in the market which you can for your potential benefit.\nThe candle design is used in light of the fact that it is the most broadly utilized on the lookout and is the least difficult way to deal with comprehend market patterns.\nThe candle configuration is comprised of two tones, one red and the other green. These two tones help financial backers and merchants in breaking down the market and deciding if they ought to enter or stop the market.\nThe candle diagram can be utilized to conjecture future costs just as give knowledge into what is happening in the personalities of dealers and investors.At work, there is an organic market game that has developed into a candle design. The arrangement of a green candle for any resource shows that purchasers are more hopeful than dealers about the item. Purchasers are less hopeful with regards to the resource when the red candle happens, and venders are selling their resource, bringing about negative examples.\nCandle designs are more hard to comprehend than bar and line outlines. Perusing a few sites or in any event, watching a decent talk might show an amateur a few sorts of candle designs, yet getting bar and line outlines is significantly more troublesome.\nThese are an accessible in a wide scope of tones and styles. The body size of the candle design additionally shows the worth of different resources. Candle designs give dealers a mark of how much people are trading.\nThere are four focuses in the candle outline: opening, shutting, high, and low. \n\n------\n\n### c) Describe a bullish and a bearish candle. Also, explain its anatomy. (Original screenshot required)\n\n------\n\n#### Bullish Candlestick\n\n\n![IMG_20220106_184135.jpg](https://cdn.steemitimages.com/DQmNwTZEcdTrUnUQQr4C18GLuoWRoQ29BqjXNieU2p2sfF4/IMG_20220106_184135.jpg)[source](https://www.tradingview.com/symbols/STEEMETH/)\n\n\n\nA bullish candle design illuminates individuals that the resource is rising. The shade of the two candles can be changed to the client's decision. In other words, it's anything but a consistent shading. The following is a picture showing the upturn of the bullish candle.\n\n#### Bullish candlestick anatomy\n\n#### High\nThis shows the most exorbitant cost recorded throughout a particular timeframe. The most exorbitant cost might be mistaken for the end cost in situations where the candle has no upper shadow. All things considered, the excessive cost is equivalent to the nearby cost.\n\n#### Close\nThis shows the last cost recorded in a candle and is right underneath the upper shadow. It is situated toward the finish of the upper shadow.\n\n#### Open\nThis shows the beginning of the development of cost. starting here is estimated to decide how long the pattern will be vertically. It is situated toward the finish of the lower shadow.\n\n#### Low\nThis at last shows the most reduced cost recorded throughout a given timeframe. Also very much like the excessive cost, in situations where the low cost has no lower shadow, then, at that point, it is recorded equivalent to the open cost.\n\n#### Bearish Candlestick\n\nThe bearish candlestick is used to represent the negative momentum (I.e decrease in price) of a price as a result of increase in sell than demand. This momentum is mostly denoted with a red colour. This candle opens at the upper shadow and close at lower shadow.\n\n\n#### Anatomy of Bearish candlestick\n\nOpen: Otherwise called opening value, it is the start of the negative candle arrangement subsequent to taking over from past. In negative candle, Open is situated at the upper shadow.\n\nClose: It is the point that the candle stops/complete it development. It situated in the lower shadow of a negative candle.\n\nHigh: It is the most noteworthy negative value force that a resource/ware include reach inside explicit time before the arrangement of another candle. It is situated at the highest point of the candle wick (upper shadow).\n\nLow: It is the most reduced negative value force inside a specific time. It is situated at the buttom of the candle (lower shadow).\n\n\n![IMG_20220106_185328.jpg](https://cdn.steemitimages.com/DQmPyCDZQMDjGy7qvqFZq7NjtbG7rhUers3kzAByhc8gdX6/IMG_20220106_185328.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)</div>",
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      "author": "vishalgupta1",
      "body": "<div class=\"text-justify\">\n\nThis is a repost of my previous task [link](https://steemit.com/hive-108451/@vishalgupta1/blockchain-and-decentralization-steemit-crypto-academy-season-5-homework-post-for-task-4)\n\n\n![Screenshot_2022-01-02-18-10-16-92_c0dc27f5c07cb0fb3541d6073dfd6932.jpg](https://cdn.steemitimages.com/DQmZrKkni7wMpQXFEjaRnmoXfDPVq1CkyRC1vcHZnbd4xwd/Screenshot_2022-01-02-18-10-16-92_c0dc27f5c07cb0fb3541d6073dfd6932.jpg)\n\n\n\n## (2) Define decentralization. Describe the advantages and disadvantages of a decentralized system. In what areas of life can a decentralized blockchain be helpful? (write in own words)\n\n____\n\n### ANSWER :- \n\n_____\n\n#### decentralization \n\n____\n\n\nThe phrase decentralisation is derived from the concepts of power and authority, which are necessary to comprehend it. \n\nThe elimination of central authority is seen when authority and power are distributed to each individual and each individual has the power to accomplish the work in their own way.\n\n\nSimilarly, the cryptocurrency's foundation and core essence are focused on decentralisation, with each individual being free of third-party concerns while trading is only encrypted and decrypted between traders. \n\nCrypto is the best illustration of a decentralised system because every trader is free from central control and has the authority to purchase and sell without the use of banks.\n\nIt describes the many ways in which decision-making authority is distributed among different levels of the organisational hierarchy. In other terms, it refers to the dispersal of authority, responsibility, and function away from the central site.\n\nSupermarkets, hotels, and dress showrooms are all examples of decentralised professions. Because it is nearly difficult for one individual to focus on more than 100 branches, many of which are located all over the world, as an example, a hotel.\n\nWhen a person owns a chain of hotels, he focuses on employing decentralised structures so that local hotel managers and assistants are authorised to make on-the-spot correct judgments to address problems, varied complaints, and a variety of requirements.\n\nBecause all sovereignty has been surrendered to a single body in centralised systems, every user must accept and endure every decision made by the organisation.\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n\n### Describe the advantages and disadvantages of a decentralized system.\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n### THE ADVANTAGES OF DECENTRALIZED SYSTEM :- \n\n- The first and most important advantage of the Decentralized system is that you have complete control over your funds; you do not need anyone's permission to conduct any transactions. You're the boss, and you've got everything under your control.\n\n- Because it permits various parties to administer the network, a decentralised system solves trust difficulties. Users also do not have to put their faith in central authorities.\n\n- Data is saved and cannot be altered. Transparency is high, and records are kept open at all times.\n\n- Everyone may see the transactions that take place in the network since they are public.\n\n- Transactions can be completed regardless of your location, which means you can send and receive funds from one country to another in a fraction of a second, without incurring a large fee or experiencing a delay in reaching the person with whom you transacted.\n\n### THE DISADVANTAGES OF DECENTRALIZED SYSTEM :- \n\n- Because there is no limit to the amount of money that can be spent, someone who lacks proper financial management can spend all of his money in a fraction of a second. Therefore, freedom sometimes necessitates limitation.\n\n- You must be well-informed on the decentralised system in order to operate it; else, you will make a slew of blunders that you will come to regret later. As a result, you must be well-informed, which may cost you money to learn, and hence old individuals and extremely young children cannot participate in the system.\n\n- You can spend your finances for crime and never be arrested because your personal information is kept private.\n\n- Users that want to participate in decentralisation must have extensive experience and be experts.\n\n- Running a decentalized application system has a significant operating cost, making it unsuitable for small systems with financial constraints.\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n\n\n\n###  In what areas of life can a decentralized blockchain be helpful? (write in own words)\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n \n\n- **EDUCATION** :- I believe that the local system can be employed in the education system. The suburban system has the ability to facilitate inside the academic system's power. I am convinced that introducing the application into the educational system will assist to improve it in general, making work easier and providing a secure learning environment.\n\n- The data of students in a suburban learning system is unlikely to be lost because it is stored on distinct computer nodes that may be assessed at any moment and if any students require the data in the future.\n\n- During an election, reducing fraudulent acts while voting. The United Nations has launched a new project known as Followmyvote. This programme increases openness and reduces the incidence of election-related frauds. It is based purely on the decentralised blockchain, and it decreases election costs while simultaneously allowing for very legitimate online voting.\n\n- The patient database can also be appropriately managed via a decentralised blockchain. In the healthcare industry, this is correct. This is accomplished by dismantling the central authority that permits you to store patient information. When transferring patient records from one hospital to another, the Decentralized Blockchain system makes the process much easier and faster. The MedRec, which was developed by MIT, is a nice example. In the healthcare industry, the MedRec is used to verify that patient data is correct, confidential, and even legitimate when shared.\n\n- the market :- Already, trading takes place in the market, thus moving to a decentralised digital money will help a lot because users will not have to carry real money, reducing the risk of robbery.\n\n- Public Sectors- One sector that should benefit from decentralisation is the public sector, which is now centralised and bureaucratic. Government documents and essential services cannot be obtained without the use of bribery and corruption, hence decentralisation would assist to alleviate this problem.\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n### CONCLUSION \n\nIn this lecture, we learnt what decentralisation is, how it can assist us, and the benefits it provides, as well as some of its limitations and several industries where it can be beneficial. Overall, it is advantageous.\n\nFurthermore, the government will find it impossible to meddle with this system, which has been used in healthcare and blockchain technology, which involves the storage of monetary value using cryptocurrencies. Governments and central agencies are unable to manipulate these. However, decentralisation has certain drawbacks, including the potential for it to be used to promote fraudulent operations such as money laundering.\n\nSmart contracts and the internet of things are two examples of fascinating use cases. It can also be used to protect personal identification and to store healthcare or medical records and data in an irreversible manner.\n\n\n\nCc:-\n@shemul21\n@dilchamo \n\n</div>",
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      "title": "REPOST - [Blockchain And Decentralization] - Steemit Crypto Academy Season 5 - Homework Post for Task 4"
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      "author": "vishalgupta1",
      "body": "<div class=\"text-justify\">\n\nThis is a repost of my previous task [link](https://steemit.com/hive-108451/@vishalgupta1/blockchain-and-decentralization-steemit-crypto-academy-season-5-homework-post-for-task-4)\n\n\n![Screenshot_2022-01-02-18-10-16-92_c0dc27f5c07cb0fb3541d6073dfd6932.jpg](https://cdn.steemitimages.com/DQmZrKkni7wMpQXFEjaRnmoXfDPVq1CkyRC1vcHZnbd4xwd/Screenshot_2022-01-02-18-10-16-92_c0dc27f5c07cb0fb3541d6073dfd6932.jpg)\n\n\n\n## (2) Define decentralization. Describe the advantages and disadvantages of a decentralized system. In what areas of life can a decentralized blockchain be helpful? (write in own words)\n\n____\n\n### ANSWER :- \n\n_____\n\n#### decentralization \n\n____\n\n\nThe phrase decentralisation is derived from the concepts of power and authority, which are necessary to comprehend it. \n\nThe elimination of central authority is seen when authority and power are distributed to each individual and each individual has the power to accomplish the work in their own way.\n\n\nSimilarly, the cryptocurrency's foundation and core essence are focused on decentralisation, with each individual being free of third-party concerns while trading is only encrypted and decrypted between traders. \n\nCrypto is the best illustration of a decentralised system because every trader is free from central control and has the authority to purchase and sell without the use of banks.\n\nIt describes the many ways in which decision-making authority is distributed among different levels of the organisational hierarchy. In other terms, it refers to the dispersal of authority, responsibility, and function away from the central site.\n\nSupermarkets, hotels, and dress showrooms are all examples of decentralised professions. Because it is nearly difficult for one individual to focus on more than 100 branches, many of which are located all over the world, as an example, a hotel.\n\nWhen a person owns a chain of hotels, he focuses on employing decentralised structures so that local hotel managers and assistants are authorised to make on-the-spot correct judgments to address problems, varied complaints, and a variety of requirements.\n\nBecause all sovereignty has been surrendered to a single body in centralised systems, every user must accept and endure every decision made by the organisation.\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n\n### Describe the advantages and disadvantages of a decentralized system.\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n### THE ADVANTAGES OF DECENTRALIZED SYSTEM :- \n\n- The first and most important advantage of the Decentralized system is that you have complete control over your funds; you do not need anyone's permission to conduct any transactions. You're the boss, and you've got everything under your control.\n\n- Because it permits various parties to administer the network, a decentralised system solves trust difficulties. Users also do not have to put their faith in central authorities.\n\n- Data is saved and cannot be altered. Transparency is high, and records are kept open at all times.\n\n- Everyone may see the transactions that take place in the network since they are public.\n\n- Transactions can be completed regardless of your location, which means you can send and receive funds from one country to another in a fraction of a second, without incurring a large fee or experiencing a delay in reaching the person with whom you transacted.\n\n### THE DISADVANTAGES OF DECENTRALIZED SYSTEM :- \n\n- Because there is no limit to the amount of money that can be spent, someone who lacks proper financial management can spend all of his money in a fraction of a second. Therefore, freedom sometimes necessitates limitation.\n\n- You must be well-informed on the decentralised system in order to operate it; else, you will make a slew of blunders that you will come to regret later. As a result, you must be well-informed, which may cost you money to learn, and hence old individuals and extremely young children cannot participate in the system.\n\n- You can spend your finances for crime and never be arrested because your personal information is kept private.\n\n- Users that want to participate in decentralisation must have extensive experience and be experts.\n\n- Running a decentalized application system has a significant operating cost, making it unsuitable for small systems with financial constraints.\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n\n\n\n###  In what areas of life can a decentralized blockchain be helpful? (write in own words)\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n \n\n- **EDUCATION** :- I believe that the local system can be employed in the education system. The suburban system has the ability to facilitate inside the academic system's power. I am convinced that introducing the application into the educational system will assist to improve it in general, making work easier and providing a secure learning environment.\n\n- The data of students in a suburban learning system is unlikely to be lost because it is stored on distinct computer nodes that may be assessed at any moment and if any students require the data in the future.\n\n- During an election, reducing fraudulent acts while voting. The United Nations has launched a new project known as Followmyvote. This programme increases openness and reduces the incidence of election-related frauds. It is based purely on the decentralised blockchain, and it decreases election costs while simultaneously allowing for very legitimate online voting.\n\n- The patient database can also be appropriately managed via a decentralised blockchain. In the healthcare industry, this is correct. This is accomplished by dismantling the central authority that permits you to store patient information. When transferring patient records from one hospital to another, the Decentralized Blockchain system makes the process much easier and faster. The MedRec, which was developed by MIT, is a nice example. In the healthcare industry, the MedRec is used to verify that patient data is correct, confidential, and even legitimate when shared.\n\n- the market :- Already, trading takes place in the market, thus moving to a decentralised digital money will help a lot because users will not have to carry real money, reducing the risk of robbery.\n\n- Public Sectors- One sector that should benefit from decentralisation is the public sector, which is now centralised and bureaucratic. Government documents and essential services cannot be obtained without the use of bribery and corruption, hence decentralisation would assist to alleviate this problem.\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n### CONCLUSION \n\nIn this lecture, we learnt what decentralisation is, how it can assist us, and the benefits it provides, as well as some of its limitations and several industries where it can be beneficial. Overall, it is advantageous.\n\nFurthermore, the government will find it impossible to meddle with this system, which has been used in healthcare and blockchain technology, which involves the storage of monetary value using cryptocurrencies. Governments and central agencies are unable to manipulate these. However, decentralisation has certain drawbacks, including the potential for it to be used to promote fraudulent operations such as money laundering.\n\nSmart contracts and the internet of things are two examples of fascinating use cases. It can also be used to protect personal identification and to store healthcare or medical records and data in an irreversible manner.\n\n\n\nCc:-\n@shemul21\n@dilchamo \n\n</div>",
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      "body": "<div class=\"text-justify\">\n\nHello @vishalgupta1 , \n  \nThank you for participating in the #10 Fixed course for Newcomers in the **Steemit Crypto Academy**. \n\n**Your grade on this assignment is as follows:** \n<p></p>\n\n| Criteria | Grade |\n| --------|---------|\n| Presentation/Use of Markdowns| 1/2 |\n| Compliance with topic| 1/2|\n| Quality of Analysis| 1.5/2|\n| Clarity of Language| 1.5/2|\n| #club5050 | 0/1|\n| Originality | 0.8/1|\n| ***Total*** | ***5.8/10***|\n\n<p></p>\n\n**Homework task: 5.8/10** \n<p></p>\n<b>Feedback and Suggestions</b> :\n\n- Your effort in this task is appreciated.\n- You will not get the mark for #club5050 as you have not powered up 150 SP since last month according to #club5050 academy season 5 new rules. You can power up before the curation and maintain it without powering down or more cashouts and gain the extra rewards.\n- You have tried to answer the questions.\n- You will need to improve the quality of presentation and analysis in next lessons.\n- Last question should be answered completely.\n- Overall work needs improvements.\n<p></p>\n\n<center>![SAVE_20210724_220410.jpg](https://cdn.steemitimages.com/DQmWGHo9eV2xu96P4pYUaEpfLSD7ovEhznAW95FwC35s3x4/SAVE_20210724_220410.jpg)</center>\n</div>",
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      "author": "vishalgupta1",
      "body": "<div class=\"text-justify\">\n\nThis is a repost of my previous task [link](https://steemit.com/hive-108451/@vishalgupta1/blockchain-and-decentralization-steemit-crypto-academy-season-5-homework-post-for-task-4)\n\n\n![Screenshot_2022-01-02-18-10-16-92_c0dc27f5c07cb0fb3541d6073dfd6932.jpg](https://cdn.steemitimages.com/DQmZrKkni7wMpQXFEjaRnmoXfDPVq1CkyRC1vcHZnbd4xwd/Screenshot_2022-01-02-18-10-16-92_c0dc27f5c07cb0fb3541d6073dfd6932.jpg)\n\n\n\n## (2) Define decentralization. Describe the advantages and disadvantages of a decentralized system. In what areas of life can a decentralized blockchain be helpful? (write in own words)\n\n____\n\n### ANSWER :- \n\n_____\n\n#### decentralization \n\n____\n\n\nThe phrase decentralisation is derived from the concepts of power and authority, which are necessary to comprehend it. \n\nThe elimination of central authority is seen when authority and power are distributed to each individual and each individual has the power to accomplish the work in their own way.\n\n\nSimilarly, the cryptocurrency's foundation and core essence are focused on decentralisation, with each individual being free of third-party concerns while trading is only encrypted and decrypted between traders. \n\nCrypto is the best illustration of a decentralised system because every trader is free from central control and has the authority to purchase and sell without the use of banks.\n\nIt describes the many ways in which decision-making authority is distributed among different levels of the organisational hierarchy. In other terms, it refers to the dispersal of authority, responsibility, and function away from the central site.\n\nSupermarkets, hotels, and dress showrooms are all examples of decentralised professions. Because it is nearly difficult for one individual to focus on more than 100 branches, many of which are located all over the world, as an example, a hotel.\n\nWhen a person owns a chain of hotels, he focuses on employing decentralised structures so that local hotel managers and assistants are authorised to make on-the-spot correct judgments to address problems, varied complaints, and a variety of requirements.\n\nBecause all sovereignty has been surrendered to a single body in centralised systems, every user must accept and endure every decision made by the organisation.\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n\n### Describe the advantages and disadvantages of a decentralized system.\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n### THE ADVANTAGES OF DECENTRALIZED SYSTEM :- \n\n- The first and most important advantage of the Decentralized system is that you have complete control over your funds; you do not need anyone's permission to conduct any transactions. You're the boss, and you've got everything under your control.\n\n- Because it permits various parties to administer the network, a decentralised system solves trust difficulties. Users also do not have to put their faith in central authorities.\n\n- Data is saved and cannot be altered. Transparency is high, and records are kept open at all times.\n\n- Everyone may see the transactions that take place in the network since they are public.\n\n- Transactions can be completed regardless of your location, which means you can send and receive funds from one country to another in a fraction of a second, without incurring a large fee or experiencing a delay in reaching the person with whom you transacted.\n\n### THE DISADVANTAGES OF DECENTRALIZED SYSTEM :- \n\n- Because there is no limit to the amount of money that can be spent, someone who lacks proper financial management can spend all of his money in a fraction of a second. Therefore, freedom sometimes necessitates limitation.\n\n- You must be well-informed on the decentralised system in order to operate it; else, you will make a slew of blunders that you will come to regret later. As a result, you must be well-informed, which may cost you money to learn, and hence old individuals and extremely young children cannot participate in the system.\n\n- You can spend your finances for crime and never be arrested because your personal information is kept private.\n\n- Users that want to participate in decentralisation must have extensive experience and be experts.\n\n- Running a decentalized application system has a significant operating cost, making it unsuitable for small systems with financial constraints.\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n\n\n\n###  In what areas of life can a decentralized blockchain be helpful? (write in own words)\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n \n\n- **EDUCATION** :- I believe that the local system can be employed in the education system. The suburban system has the ability to facilitate inside the academic system's power. I am convinced that introducing the application into the educational system will assist to improve it in general, making work easier and providing a secure learning environment.\n\n- The data of students in a suburban learning system is unlikely to be lost because it is stored on distinct computer nodes that may be assessed at any moment and if any students require the data in the future.\n\n- During an election, reducing fraudulent acts while voting. The United Nations has launched a new project known as Followmyvote. This programme increases openness and reduces the incidence of election-related frauds. It is based purely on the decentralised blockchain, and it decreases election costs while simultaneously allowing for very legitimate online voting.\n\n- The patient database can also be appropriately managed via a decentralised blockchain. In the healthcare industry, this is correct. This is accomplished by dismantling the central authority that permits you to store patient information. When transferring patient records from one hospital to another, the Decentralized Blockchain system makes the process much easier and faster. The MedRec, which was developed by MIT, is a nice example. In the healthcare industry, the MedRec is used to verify that patient data is correct, confidential, and even legitimate when shared.\n\n- the market :- Already, trading takes place in the market, thus moving to a decentralised digital money will help a lot because users will not have to carry real money, reducing the risk of robbery.\n\n- Public Sectors- One sector that should benefit from decentralisation is the public sector, which is now centralised and bureaucratic. Government documents and essential services cannot be obtained without the use of bribery and corruption, hence decentralisation would assist to alleviate this problem.\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n### CONCLUSION \n\nIn this lecture, we learnt what decentralisation is, how it can assist us, and the benefits it provides, as well as some of its limitations and several industries where it can be beneficial. Overall, it is advantageous.\n\nFurthermore, the government will find it impossible to meddle with this system, which has been used in healthcare and blockchain technology, which involves the storage of monetary value using cryptocurrencies. Governments and central agencies are unable to manipulate these. However, decentralisation has certain drawbacks, including the potential for it to be used to promote fraudulent operations such as money laundering.\n\nSmart contracts and the internet of things are two examples of fascinating use cases. It can also be used to protect personal identification and to store healthcare or medical records and data in an irreversible manner.\n\n\n\nCc:-\n@shemul21\n@dilchamo \n\n</div>",
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      "permlink": "2xz5bm-repost-blockchain-and-decentralization-steemit-crypto-academy-season-5-homework-post-for-task-4",
      "title": "REPOST - [Blockchain And Decentralization] - Steemit Crypto Academy Season 5 - Homework Post for Task 4"
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      "author": "vishalgupta1",
      "body": "<div class=\"text-justify\">\n\nThis is a repost of my previous task [link](https://steemit.com/hive-108451/@vishalgupta1/blockchain-and-decentralization-steemit-crypto-academy-season-5-homework-post-for-task-4)\n\n\n![Screenshot_2022-01-02-18-10-16-92_c0dc27f5c07cb0fb3541d6073dfd6932.jpg](https://cdn.steemitimages.com/DQmZrKkni7wMpQXFEjaRnmoXfDPVq1CkyRC1vcHZnbd4xwd/Screenshot_2022-01-02-18-10-16-92_c0dc27f5c07cb0fb3541d6073dfd6932.jpg)\n\n\n\n## (2) Define decentralization. Describe the advantages and disadvantages of a decentralized system. In what areas of life can a decentralized blockchain be helpful? (write in own words)\n\n____\n\n### ANSWER :- \n\n_____\n\n#### decentralization \n\n____\n\n\nThe phrase decentralisation is derived from the concepts of power and authority, which are necessary to comprehend it. \n\nThe elimination of central authority is seen when authority and power are distributed to each individual and each individual has the power to accomplish the work in their own way.\n\n\nSimilarly, the cryptocurrency's foundation and core essence are focused on decentralisation, with each individual being free of third-party concerns while trading is only encrypted and decrypted between traders. \n\nCrypto is the best illustration of a decentralised system because every trader is free from central control and has the authority to purchase and sell without the use of banks.\n\nIt describes the many ways in which decision-making authority is distributed among different levels of the organisational hierarchy. In other terms, it refers to the dispersal of authority, responsibility, and function away from the central site.\n\nSupermarkets, hotels, and dress showrooms are all examples of decentralised professions. Because it is nearly difficult for one individual to focus on more than 100 branches, many of which are located all over the world, as an example, a hotel.\n\nWhen a person owns a chain of hotels, he focuses on employing decentralised structures so that local hotel managers and assistants are authorised to make on-the-spot correct judgments to address problems, varied complaints, and a variety of requirements.\n\nBecause all sovereignty has been surrendered to a single body in centralised systems, every user must accept and endure every decision made by the organisation.\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n\n### Describe the advantages and disadvantages of a decentralized system.\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n### THE ADVANTAGES OF DECENTRALIZED SYSTEM :- \n\n- The first and most important advantage of the Decentralized system is that you have complete control over your funds; you do not need anyone's permission to conduct any transactions. You're the boss, and you've got everything under your control.\n\n- Because it permits various parties to administer the network, a decentralised system solves trust difficulties. Users also do not have to put their faith in central authorities.\n\n- Data is saved and cannot be altered. Transparency is high, and records are kept open at all times.\n\n- Everyone may see the transactions that take place in the network since they are public.\n\n- Transactions can be completed regardless of your location, which means you can send and receive funds from one country to another in a fraction of a second, without incurring a large fee or experiencing a delay in reaching the person with whom you transacted.\n\n### THE DISADVANTAGES OF DECENTRALIZED SYSTEM :- \n\n- Because there is no limit to the amount of money that can be spent, someone who lacks proper financial management can spend all of his money in a fraction of a second. Therefore, freedom sometimes necessitates limitation.\n\n- You must be well-informed on the decentralised system in order to operate it; else, you will make a slew of blunders that you will come to regret later. As a result, you must be well-informed, which may cost you money to learn, and hence old individuals and extremely young children cannot participate in the system.\n\n- You can spend your finances for crime and never be arrested because your personal information is kept private.\n\n- Users that want to participate in decentralisation must have extensive experience and be experts.\n\n- Running a decentalized application system has a significant operating cost, making it unsuitable for small systems with financial constraints.\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n\n\n\n###  In what areas of life can a decentralized blockchain be helpful? (write in own words)\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n \n\n- **EDUCATION** :- I believe that the local system can be employed in the education system. The suburban system has the ability to facilitate inside the academic system's power. I am convinced that introducing the application into the educational system will assist to improve it in general, making work easier and providing a secure learning environment.\n\n- The data of students in a suburban learning system is unlikely to be lost because it is stored on distinct computer nodes that may be assessed at any moment and if any students require the data in the future.\n\n- During an election, reducing fraudulent acts while voting. The United Nations has launched a new project known as Followmyvote. This programme increases openness and reduces the incidence of election-related frauds. It is based purely on the decentralised blockchain, and it decreases election costs while simultaneously allowing for very legitimate online voting.\n\n- The patient database can also be appropriately managed via a decentralised blockchain. In the healthcare industry, this is correct. This is accomplished by dismantling the central authority that permits you to store patient information. When transferring patient records from one hospital to another, the Decentralized Blockchain system makes the process much easier and faster. The MedRec, which was developed by MIT, is a nice example. In the healthcare industry, the MedRec is used to verify that patient data is correct, confidential, and even legitimate when shared.\n\n- the market :- Already, trading takes place in the market, thus moving to a decentralised digital money will help a lot because users will not have to carry real money, reducing the risk of robbery.\n\n- Public Sectors- One sector that should benefit from decentralisation is the public sector, which is now centralised and bureaucratic. Government documents and essential services cannot be obtained without the use of bribery and corruption, hence decentralisation would assist to alleviate this problem.\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n### CONCLUSION \n\nIn this lecture, we learnt what decentralisation is, how it can assist us, and the benefits it provides, as well as some of its limitations and several industries where it can be beneficial. Overall, it is advantageous.\n\nFurthermore, the government will find it impossible to meddle with this system, which has been used in healthcare and blockchain technology, which involves the storage of monetary value using cryptocurrencies. Governments and central agencies are unable to manipulate these. However, decentralisation has certain drawbacks, including the potential for it to be used to promote fraudulent operations such as money laundering.\n\nSmart contracts and the internet of things are two examples of fascinating use cases. It can also be used to protect personal identification and to store healthcare or medical records and data in an irreversible manner.\n\n\n\nCc:-\n@shemul21\n@dilchamo \n\n</div>",
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      "title": "REPOST - [Blockchain And Decentralization] - Steemit Crypto Academy Season 5 - Homework Post for Task 4"
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      "body": "<div class=\"text-justify\">\n\n\n## a) Explain the Japanese candlestick chart? (Original screenshot required).\n## b) In your own words, explain why the Japanese Candlestick chart is the most used in the financial market.\n## c) Describe a bullish and a bearish candle. Also, explain its anatomy. (Original screenshot required)\n\n------\n\n\n### a) Explain the Japanese candlestick chart? (Original screenshot required).\n\n\nCryptographic money market is exceptionally unpredictable and it requires an excellent information on market pattern specialized investigation prior to settling on an exchanging choice.\n\nPrior to including in market pattern specialized investigation, brokers should as a matter of first importance have an excellent information on candle diagram design, since that is the nuts and bolts of specialized examination.\n\nJapanese Candlestick is the most famous specialized investigation instrument that merchants use to diagram and examine the value development in cryptographic money market.\n\n\n![IMG_20220106_180550.jpg](https://cdn.steemitimages.com/DQmV1i9Ee5n6U8CG3y1Fdp7K34a6VCxyoYHjWnfChPKUcto/IMG_20220106_180550.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)\n\nThe Japanese candle is a showcase of activities or collaborations between the purchasers (bulls) and the dealers (bears) at a specific resource's cost. I think they are called candles since they are formed like candles. The Japanese candle outlines were set during the 1700s by a rice broker in Japan. It is among the most generally acknowledged and involved graphs in the monetary business sectors. Crypto dealers utilize these candle diagrams to get thoughts regarding future value developments or headings. Candles are typically comprised of four sections, and they are open cost, greatest cost, most reduced cost, and close(final) cost.\nThe red tone portrays a vertical pattern in the graph and the green shading candle portrays a descending pattern in the diagram. A graph can either be bullish or negative contingent upon the adjustment of cost. They are four sticker costs in the Japanese candle which are the excessive cost, the nearby value, the open cost, and the low cost.\n\n-----\n\n### b) In your own words, explain why the Japanese Candlestick chart is the most used in the financial market.\n------\nThe Japanese candle outlines are for the most part utilized in the monetary market on account of their utilization in examining costs with specialized dealers. They offer more data outwardly from showing the market's greatest cost to the most minimal cost and from the initial cost to the end costs.\n\nThe Japanese candle gives clear and simple examples that are profoundly precise in foreseeing market patterns. Utilizing these examples with a tad of fundamental specialized investigations, you can see the example arising in the market which you can for your potential benefit.\nThe candle design is used in light of the fact that it is the most broadly utilized on the lookout and is the least difficult way to deal with comprehend market patterns.\nThe candle configuration is comprised of two tones, one red and the other green. These two tones help financial backers and merchants in breaking down the market and deciding if they ought to enter or stop the market.\nThe candle diagram can be utilized to conjecture future costs just as give knowledge into what is happening in the personalities of dealers and investors.At work, there is an organic market game that has developed into a candle design. The arrangement of a green candle for any resource shows that purchasers are more hopeful than dealers about the item. Purchasers are less hopeful with regards to the resource when the red candle happens, and venders are selling their resource, bringing about negative examples.\nCandle designs are more hard to comprehend than bar and line outlines. Perusing a few sites or in any event, watching a decent talk might show an amateur a few sorts of candle designs, yet getting bar and line outlines is significantly more troublesome.\nThese are an accessible in a wide scope of tones and styles. The body size of the candle design additionally shows the worth of different resources. Candle designs give dealers a mark of how much people are trading.\nThere are four focuses in the candle outline: opening, shutting, high, and low. \n\n------\n\n### c) Describe a bullish and a bearish candle. Also, explain its anatomy. (Original screenshot required)\n\n------\n\n#### Bullish Candlestick\n\n\n![IMG_20220106_184135.jpg](https://cdn.steemitimages.com/DQmNwTZEcdTrUnUQQr4C18GLuoWRoQ29BqjXNieU2p2sfF4/IMG_20220106_184135.jpg)[source](https://www.tradingview.com/symbols/STEEMETH/)\n\n\n\nA bullish candle design illuminates individuals that the resource is rising. The shade of the two candles can be changed to the client's decision. In other words, it's anything but a consistent shading. The following is a picture showing the upturn of the bullish candle.\n\n#### Bullish candlestick anatomy\n\n#### High\nThis shows the most exorbitant cost recorded throughout a particular timeframe. The most exorbitant cost might be mistaken for the end cost in situations where the candle has no upper shadow. All things considered, the excessive cost is equivalent to the nearby cost.\n\n#### Close\nThis shows the last cost recorded in a candle and is right underneath the upper shadow. It is situated toward the finish of the upper shadow.\n\n#### Open\nThis shows the beginning of the development of cost. starting here is estimated to decide how long the pattern will be vertically. It is situated toward the finish of the lower shadow.\n\n#### Low\nThis at last shows the most reduced cost recorded throughout a given timeframe. Also very much like the excessive cost, in situations where the low cost has no lower shadow, then, at that point, it is recorded equivalent to the open cost.\n\n#### Bearish Candlestick\n\nThe bearish candlestick is used to represent the negative momentum (I.e decrease in price) of a price as a result of increase in sell than demand. This momentum is mostly denoted with a red colour. This candle opens at the upper shadow and close at lower shadow.\n\n\n#### Anatomy of Bearish candlestick\n\nOpen: Otherwise called opening value, it is the start of the negative candle arrangement subsequent to taking over from past. In negative candle, Open is situated at the upper shadow.\n\nClose: It is the point that the candle stops/complete it development. It situated in the lower shadow of a negative candle.\n\nHigh: It is the most noteworthy negative value force that a resource/ware include reach inside explicit time before the arrangement of another candle. It is situated at the highest point of the candle wick (upper shadow).\n\nLow: It is the most reduced negative value force inside a specific time. It is situated at the buttom of the candle (lower shadow).\n\n\n![IMG_20220106_185328.jpg](https://cdn.steemitimages.com/DQmPyCDZQMDjGy7qvqFZq7NjtbG7rhUers3kzAByhc8gdX6/IMG_20220106_185328.jpg)[source](https://www.tradingview.com/symbols/BTCUSD/)</div>",
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      "body": "<div class=\"text-justify\">\n\nThis is a repost of my previous task [link](https://steemit.com/hive-108451/@vishalgupta1/blockchain-and-decentralization-steemit-crypto-academy-season-5-homework-post-for-task-4)\n\n\n![Screenshot_2022-01-02-18-10-16-92_c0dc27f5c07cb0fb3541d6073dfd6932.jpg](https://cdn.steemitimages.com/DQmZrKkni7wMpQXFEjaRnmoXfDPVq1CkyRC1vcHZnbd4xwd/Screenshot_2022-01-02-18-10-16-92_c0dc27f5c07cb0fb3541d6073dfd6932.jpg)\n\n\n\n## (2) Define decentralization. Describe the advantages and disadvantages of a decentralized system. In what areas of life can a decentralized blockchain be helpful? (write in own words)\n\n____\n\n### ANSWER :- \n\n_____\n\n#### decentralization \n\n____\n\n\nThe phrase decentralisation is derived from the concepts of power and authority, which are necessary to comprehend it. \n\nThe elimination of central authority is seen when authority and power are distributed to each individual and each individual has the power to accomplish the work in their own way.\n\n\nSimilarly, the cryptocurrency's foundation and core essence are focused on decentralisation, with each individual being free of third-party concerns while trading is only encrypted and decrypted between traders. \n\nCrypto is the best illustration of a decentralised system because every trader is free from central control and has the authority to purchase and sell without the use of banks.\n\nIt describes the many ways in which decision-making authority is distributed among different levels of the organisational hierarchy. In other terms, it refers to the dispersal of authority, responsibility, and function away from the central site.\n\nSupermarkets, hotels, and dress showrooms are all examples of decentralised professions. Because it is nearly difficult for one individual to focus on more than 100 branches, many of which are located all over the world, as an example, a hotel.\n\nWhen a person owns a chain of hotels, he focuses on employing decentralised structures so that local hotel managers and assistants are authorised to make on-the-spot correct judgments to address problems, varied complaints, and a variety of requirements.\n\nBecause all sovereignty has been surrendered to a single body in centralised systems, every user must accept and endure every decision made by the organisation.\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n\n### Describe the advantages and disadvantages of a decentralized system.\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n### THE ADVANTAGES OF DECENTRALIZED SYSTEM :- \n\n- The first and most important advantage of the Decentralized system is that you have complete control over your funds; you do not need anyone's permission to conduct any transactions. You're the boss, and you've got everything under your control.\n\n- Because it permits various parties to administer the network, a decentralised system solves trust difficulties. Users also do not have to put their faith in central authorities.\n\n- Data is saved and cannot be altered. Transparency is high, and records are kept open at all times.\n\n- Everyone may see the transactions that take place in the network since they are public.\n\n- Transactions can be completed regardless of your location, which means you can send and receive funds from one country to another in a fraction of a second, without incurring a large fee or experiencing a delay in reaching the person with whom you transacted.\n\n### THE DISADVANTAGES OF DECENTRALIZED SYSTEM :- \n\n- Because there is no limit to the amount of money that can be spent, someone who lacks proper financial management can spend all of his money in a fraction of a second. Therefore, freedom sometimes necessitates limitation.\n\n- You must be well-informed on the decentralised system in order to operate it; else, you will make a slew of blunders that you will come to regret later. As a result, you must be well-informed, which may cost you money to learn, and hence old individuals and extremely young children cannot participate in the system.\n\n- You can spend your finances for crime and never be arrested because your personal information is kept private.\n\n- Users that want to participate in decentralisation must have extensive experience and be experts.\n\n- Running a decentalized application system has a significant operating cost, making it unsuitable for small systems with financial constraints.\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n\n\n\n###  In what areas of life can a decentralized blockchain be helpful? (write in own words)\n\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n \n\n- **EDUCATION** :- I believe that the local system can be employed in the education system. The suburban system has the ability to facilitate inside the academic system's power. I am convinced that introducing the application into the educational system will assist to improve it in general, making work easier and providing a secure learning environment.\n\n- The data of students in a suburban learning system is unlikely to be lost because it is stored on distinct computer nodes that may be assessed at any moment and if any students require the data in the future.\n\n- During an election, reducing fraudulent acts while voting. The United Nations has launched a new project known as Followmyvote. This programme increases openness and reduces the incidence of election-related frauds. It is based purely on the decentralised blockchain, and it decreases election costs while simultaneously allowing for very legitimate online voting.\n\n- The patient database can also be appropriately managed via a decentralised blockchain. In the healthcare industry, this is correct. This is accomplished by dismantling the central authority that permits you to store patient information. When transferring patient records from one hospital to another, the Decentralized Blockchain system makes the process much easier and faster. The MedRec, which was developed by MIT, is a nice example. In the healthcare industry, the MedRec is used to verify that patient data is correct, confidential, and even legitimate when shared.\n\n- the market :- Already, trading takes place in the market, thus moving to a decentralised digital money will help a lot because users will not have to carry real money, reducing the risk of robbery.\n\n- Public Sectors- One sector that should benefit from decentralisation is the public sector, which is now centralised and bureaucratic. Government documents and essential services cannot be obtained without the use of bribery and corruption, hence decentralisation would assist to alleviate this problem.\n\n![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png)\n\n### CONCLUSION \n\nIn this lecture, we learnt what decentralisation is, how it can assist us, and the benefits it provides, as well as some of its limitations and several industries where it can be beneficial. Overall, it is advantageous.\n\nFurthermore, the government will find it impossible to meddle with this system, which has been used in healthcare and blockchain technology, which involves the storage of monetary value using cryptocurrencies. Governments and central agencies are unable to manipulate these. However, decentralisation has certain drawbacks, including the potential for it to be used to promote fraudulent operations such as money laundering.\n\nSmart contracts and the internet of things are two examples of fascinating use cases. It can also be used to protect personal identification and to store healthcare or medical records and data in an irreversible manner.\n\n\n\nCc:-\n@shemul21\n@dilchamo \n\n</div>",
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      "body": "<div class=\"text-justify\">\n\nHello @vishalgupta1 , \n  \nThank you for participating in the #09 Fixed course for Newcomers in the **Steemit Crypto Academy**. \n\n**Your grade on this assignment is as follows:** \n<p></p>\n\n| Criteria | Grade |\n| --------|---------|\n| Presentation/Use of Markdowns| 1.5/2 |\n| Compliance with topic| 1.5/2|\n| Quality of Analysis| 1/2|\n| Clarity of Language| 1/2|\n| #club5050 | 1/1|\n| Originality | 0.8/1|\n| ***Total*** | ***6.8/10***|\n\n<p></p>\n\n**Homework task: 6.8/10** \n<p></p>\n<b>Feedback and Suggestions</b> :\n\n- Your effort in this task is appreciated.\n- You will get the mark for #club5050 as you have powered up 150 SP since last month according to #club5050 academy season 5 new rules. You can power up before the curation and maintain it without powering down or more cashouts and gain the extra rewards.\n- You have answered most of the questions well.\n- You may improve the use of good vocabulary in the answers.\n- When answering the question focus on the way of analysis and read the preview before posting to avoid mistakes.\n- Overall work is satisfactory.\n<p></p>\n\n<center>![SAVE_20210724_220410.jpg](https://cdn.steemitimages.com/DQmWGHo9eV2xu96P4pYUaEpfLSD7ovEhznAW95FwC35s3x4/SAVE_20210724_220410.jpg)</center>\n</div>",
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