Crypto Glossary

Posted on September 13, 2021 in
Glossary

Centralized

Centralized system depends on a central point of authority to make decisions and maintain the operation of the entire system.

What is Centralized?

Centralized system is the opposite of a decentralized system where decisions are distributed in ways without the coordination of a central authority. Centralized and decentralized systems are the two types of organizational structure. Each type has its own advantages and disadvantages.

Advantages of centralization

  • Centralized organizations benefit from a clear chain of command and focus on a vision which tends to be quick and efficient execution of decisions.
  • Centralized organizations are also more cost-effective owing to the clear separation of responsibilities between different actors.

Disadvantages of centralization

  • Centralized organizational systems lack control over the implementation process.
  • Employees rely on the information communicated from the top level and there will be delays in work.

Related Articles

What is Decentralized Finance (DeFi)?

July 05, 2022

What is Decentralized Finance (DeFi)?

Decentralized Finance (DeFi) is the new digital financial system without any intermediaries to process transactions. Learn about DeFi here.

Distributed VS Decentralized Blockchain Systems

December 01, 2020

Distributed VS Decentralized Blockchain Systems

What’s the difference between distributed and decentralized blockchain systems? In this article, we’ll explain distributed vs decentralized

We offer investors a variety of opportunities in the digital assets industry. Our innovative platform provides financial access for anyone seeking investment returns anywhere, anytime. Our ecosystem aims at making finance an everyday enriching activity.

ZEI is currently registered under and listed by Bappebti as a candidate merchant. To date, the Indonesian government has established crypto assets as commodities which can be determined as the subjects of futures contracts, which can be traded through the Futures Exchange (of crypto assets).

RISK WARNING ON THE SERVICES

Before you use the Services, you must be aware of the following:

  1. You should not transact Digital Assets if you are not familiar with Digital Assets. Transacting Digital Assets may not be suitable for you if you are not familiar with the technology of the Services that are provided.
  2. You should be aware that the value of Digital Assets may fluctuate greatly. You should buy Digital Assets only if you are prepared to accept the risk of losing all of the money you put into such Digital Assets.
  3. You should be aware that although we strive to provide you with excellent service, we do not guarantee that the Site or Services will be available without interruption.
  4. Digital Assets held in your Hosted Wallet and funds in your Fiat Wallet are not subject to the Indonesian insurance or guarantee scheme as provided by the Indonesian Deposit Insurance Corporation (Lembaga Penjamin Simpanan).