Decentralization. Fast. Transparent.

The amount of posts from the blockchain area has surely found you at least once wondering why decentralization matters.

Before moving on to the arguments, let's explain with an example what decentralization is and why we all talk about it. As if the name alone makes you think it's something amazing. Is it really the solution to all our problems?

Well, not really, but it's a big step forward.

Decentralization enables us to create direct connections between people or between people and information without the need for a third party to mediate those interactions. Thus, the biggest advantage is at the level of money transfer. If you want to send money from one side to another, this process does not involve permissions or checks from a third party.

Speaking of decentralization, we must also take into account the presence of smart contracts. Why? Well, what makes smart contracts unique is that they programmatically implement specific instructions without the need for a third-party human interaction. As a result, the transactions cannot be modified and only parties to whom permission has been granted can view the outcome.

Another benefit of decentralized systems is that there isn't a single point of failure or?a single point of entry. Even if one node in a blockchain might be compromised, there are still too many other nodes supplying the right information.?On the other way, a centralized system has?single points of failure that can be targeted.

The solution to humanity's problems does not lie in decentralized systems.?However, these systems are built for a fast, transparent and error-free user experience.