Perks of a Decentralized System

Published in

GigTricks

7 min readOct 1, 2018

When the Internet was introduced to the mainstream world, it took the world by storm. It was unreal as if a myth was brought to the real world. Files, websites, everything existing online, meaning they won’t be hard copy bulks of files, rather a storage system, that could open doors to a new industry. It was a promising find indeed, but no one would have thought it would be going to write the 21st Century. Now, from trades to education, bookings to storage, sharing to messaging everything has become online, everything can be done online.
But the hurdle that the Internet faces, is its centralized nature. That makes it less secure for the confidentiality of your data. It is common of us to regard the Blockchain with cryptocurrencies only, most think that blockchain is limited to the crypto world only, but that is where you are wrong. The blockchain isn’t just cryptocurrency limited, in fact, with the passing days, analysts have been forced to deem the invention of Blockchain together with the Internet as the best thing of 21st Century.

However, within a matter of few years Blockchain has become the center of attention for the people working in the IT sector. Decentralization is hence considered an option to escape the centralized Internet environment, with its implementation reaching new approaches every now and then. Every second, someone’s somewhere trying to merge their environment with decentralization. It has already made a huge impact with the Ethereum and EVM.

The Hype of Decentralized Network

Over the recent months, the decentralized network has really become a thing of grabbing attention all over the Internet. A decentralized system has a lot to offer as compared to the centralized. They are peer-to-peer networks that are a collection of applications that will be running on various computers. So, what is a decentralized content network?

Before we jump deep into the discussion of the advantages and disadvantages of decentralized systems, let’s have a brief overview of what a decentralized content network is. So a decentralized content can be regarded as the receiving of money for the content. The network can vary be it a peer-to-peer or as simple as a BitTorrent network (download of a torrent).

A decentralized content network is in simple an environment of its own, where the concept of direct monetization of all content is implemented. A digital economy of its own, the decentralized network has got everything of its own in the environment be it the currency, the storage, the marketplace.
The best thing is the power isn’t in the hands of a larger organization controlling, taking over, looking over, or maneuvering things. It is completely decentralized which regulates on its own.

Centralized Versus Decentralized System

The centralized system is the system in which the lower-level components of the system are controlled by a controller. The behavior observed in the aftermath of the controller’s control over the system. In the decentralized system, the lower-level components operate on local information produce the behavior. As there is no controller involved, which will influence the operations in the system.

Benefits of Decentralized System

Decentralization is a find that is promising to lead you to the future, the world where data is decentralized and security is guaranteed from any corruption or any kind of hacks. If I claim our future decentralized, you shouldn’t be baffled, because that is what is really going to happen pretty soon. So here are the few of many factors that are promising for us to get our hands dirty with the decentralization:

1. Central Authority — No more!

What do we do now? How do we use the internet or any other application/network that basically beheld all our information? We generally trust them, because that is what we are bound to do if we are to get the services or access to the internet networks. We are forced to trust our data with the organization whose members we don’t know; neither have any prior knowledge of what they are going to do with the data. This is what I believe is a major setback of the Internet, which we have been disregarding just because we had no other option available. This was the case hitherto, but this is the aspect where decentralized networks will be helpful as they guarantee your data’s safety secure with you.

When we are working in a decentralized network we’ll be free of trusting an organization or company with our data. In fact, there is no central authority controlling or governing the network. The data I have will be my own, and I will be able to share it, without me, no one will.

2. Open Development Platforms!

With a centralized network, you are limited in terms of the development opportunities which is not the case if the network is decentralized where numerous opportunities are provided to develop tools and methodologies.
With the increase in development of tools and technologies, it will be benefiting the network itself. Leading to more and greater technologies be built over the system, which we will be encountering over the passing days.

3. An effective Censorship

Governments when they find any website or network sharing data inappropriate in their sight, they censor (block access to it). Social media is suffering majorly due to this, and this can be done easily in a centralized network. But a decentralized network is difficult for censoring, so that is where decentralization has a role to offer to the users.

4. Accountability & Transparency

With the decentralized networks being mainstream we can expect, that the transparency isn’t compromised at any cost. The transparency is more than what it seems to have on the offer for the users, above all this is a factor that will be bringing more people towards the networks and keeping the door open for the rest to join in.

5. Increased Security

As compared to the centralized networks (internet) the decentralized network has got a more secure environment in terms of data protection, hack attacks, or any other forms of data corruption.
A reason for the blockchain to receive all this acclaim and craze worldwide is the security its decentralized environment has offered to the users.

People hence identified the data security, have developed an environment which is going to keep the data and their information in a chain of blocks which will be accessible to them only and those whom they’d like to share the information with. This is a major reason for me personally, to manifest the interest in this mysterious technology.

6. Boosts Efficiency

Decentralization will guarantee secure, efficient and veracity in terms of operating performance which will result in the effective control. Hence efficiency will be increased. For instance, if a company’s process is decentralized then there will be no interferences occurring which will guide the employees working towards the target with increased morale and motivation boost. Thus, the results can be seen over the final outcome of the project they have been working on.

Limitations of Decentralized System

Perfection is a delusion and it is a sad reality of this world. Where there are the pros there exist a precise set of demerits that are associated with it. Such is as well the case of decentralized systems, the demerits/disadvantages aren’t really that alarming, however, they do exist. Let’s delve further into the question:

1. Financial Load

When you are adapting to the newly developed and still evolving technology i.e. decentralization & network systems you will need to hire those professionals who are familiar with the technology. Other than that it will require you to have another alternative option to whether invest on your present employees so that they can grip the necessary command over the technology.

However, if you are a small business owner, preferring either of those will be a financial risk. So unless you carry the strength enough to take that burden, you’d be risking your business’ fortune. Highly-paid managers would be needed to foresee every operation, as well as different departments, will be required to set up. These will add more than a substantial financial burden on the corporation.

2. A risk for Newer Organizations

Though the term and the technology both intrigue everybody with the first thought. It doesn’t mean we go navigating in the newer waters. If my organization is new; I would be reluctant in terms of making a decision whether to go decentralized and risk my corporation or go for the traditional means of running the business. So it is ideal to play safe until your business finds a strong footing.

3. Uniformity & Manager Reliance

A major impact that decentralization will have upon is the policies of a corporation. Every manager is going to use his own thought process to build the policies, so they will be lacking uniformity altogether. So this is a thing of concern for business organizations. Other than lack of uniformity, decentralization will be making the systems to rely on the managers. As the decision-making process is hastened, the managers need to be effective in terms of skill, competence, and decision making so that they can prevent any forthcoming losses courtesy of faulty decisions.

Decentralization has made its impact even on the common folks, as it’s evolving with time, newer applications, different organizations have been affiliating themselves with this rare technology. It can be said, that the Internet has been reincarnated, with much more secure environment assurances than the Internet.
People are still unaware of how it will reshape their lives, but they are looking up to decentralized systems and networks to bring the revolution in technology which will change the way we used to do things.

GigTricks is a blockchain based startup seeking to create benefit in the freelance and on-demand industry with the help of its innovative features that will empower freelancers and entrepreneurs alike. GigTricks have already achieved 112% of its soft cap and raised US $2.83 Million. The Token Sale is LIVE, buy GBTC tokens before the sale ends.