Scribd Logo
Upload

Welcome to Scribd!

  • 5 views

    Decentralized and Distributed Basic

    Uploaded by

    rajivparaj raman
    This document discusses the differences between decentralized and distributed systems and why decentralized systems are needed. It provides an example of how a centralized banking system works for money transfers between Person A and Person B. Decentralized systems are needed to remove centralized parties to cut costs, ensure privacy of data trading, improve processing times, and provide absolute guarantees, as centralized systems rely too much on a single authority. Blockchain technology proposes a decentralized ledger system to address the limitations of centralized systems.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    Decentralized and Distributed Basic

    Uploaded by

    rajivparaj raman
    5 views9 pages
    This document discusses the differences between decentralized and distributed systems and why decentralized systems are needed. It provides an example of how a centralized banking system works for money transfers between Person A and Person B. Decentralized systems are needed to remove centralized parties to cut costs, ensure privacy of data trading, improve processing times, and provide absolute guarantees, as centralized systems rely too much on a single authority. Blockchain technology proposes a decentralized ledger system to address the limitations of centralized systems.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document discusses the differences between decentralized and distributed systems and why decentralized systems are needed. It provides an example of how a centralized banking system works for money transfers between Person A and Person B. Decentralized systems are needed to remove centralized parties to cut costs, ensure privacy of data trading, improve processing times, and provide absolute guarantees, as centralized systems rely too much on a single authority. Blockchain technology proposes a decentralized ledger system to address the limitations of centralized systems.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    5 views9 pages

    Decentralized and Distributed Basic

    Uploaded by

    rajivparaj raman
    This document discusses the differences between decentralized and distributed systems and why decentralized systems are needed. It provides an example of how a centralized banking system works for money transfers between Person A and Person B. Decentralized systems are needed to remove centralized parties to cut costs, ensure privacy of data trading, improve processing times, and provide absolute guarantees, as centralized systems rely too much on a single authority. Blockchain technology proposes a decentralized ledger system to address the limitations of centralized systems.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 9

    Introduction t

    o Information
    Technology
    CSC109
    2020
    By: Rajiv Raman Parajuli

    Online Lesson_Test Session


    04/03/2020 1
    Today we will
    Discuss on
    BLOCK CHAIN TECHNOLOGY

    04/03/2020 2
    Do you know the difference betwe
    en a “decentralised” and “distribut
    ed” systems? 

    04/03/2020 3
    Distributed & Decentral
    ized System

    04/03/2020 4
    04/03/2020 5
    Why do we need decentral
    ized system?
    Lets See Banks, and how does it works.
    If a Person A wants to transfer Money to a Person B,

    Bank; Centralized Ledger System


    04/03/2020 6
    Why do we need decentral
    ized system?
    1. Remove Centralized party; cut down the charges
    2. Data Trading centers (Global Big data exchange) eg:- Match making sites,
    Banks, e-commerece sites etc

    3. Privacy Issue; Data Sales, Sharing etc. (Global Big data exchange)
    4. Processing Time
    5. Absolute Guarantee
    So, In centralized system, no one is going to trust one single authority who hav
    e full control of this platform with the exception of the government
    04/03/2020 7
    This is the reason why blockchain Technology
    or
    Decentralized ledger system was proposed.

    We also need to see which all applications fit for decentralized system.

    04/03/2020 8
    So, Convinced why we need Decentralized system.

    04/03/2020 9

    You might also like