Centralized vs. Decentralized Systems

Feature	Centralized System	Decentralized System
Control	Controlled by a single entity	Shared control among participants
Data Storage	Data stored on central servers	Data distributed across nodes
Decision-making	Central authority makes decisions	Distributed Decision-making
Transparency	Limited transparency	High transparency
Flexibility	Less flexible	More flexible
Privacy	Less privacy	More privacy
Processing Speed	Faster processing	Slower due to consensus mechanisms
Trustworthiness	Not trustworthy due to lack of transparency	Trustworthy as these are highly transparent
System Stability	If any server goes down, the system collapses	If any node goes down, the system runs normally
Transaction Times	Low transaction times	High transaction times
Security	Less secure, more vulnerable to cyber attacks	More secure, less vulnerable to cyber attacks
Usability and Scalability	Better usability and scalability	Limited usability and scalability
Computing Power Requirement	Requires lower computing power	Requires high computing power