airdropfind

WEB3 101: DAY 3
TOPIC: CENTRALIZATION VS DECENTRALIZATION (KEY DIFFERENCES)🤞

A Story That Explains Better;👇👇

🔹 You live in a village.
There’s 1 big well 💧
Only the chief has the key.
That’s CENTRALIZED.

🔹 One day, the chief disappears 😱
Nobody gets water.
Everyone suffers.
That’s the problem with CENTRALIZATION.

🔸 Now imagine:
Every house has its own well 💦
If one fails, others still work.
That’s DECENTRALIZED.

🔹CENTRALIZED = 1 person/center in control
Examples: Banks, Facebook, Google

🔸DECENTRALIZED = power shared
Examples: Bitcoin, Ethereum, Farcaster

🔹CENTRALIZED = fast but risky
🔸DECENTRALIZED  = safer but slower

🔸 Web3 is about many small wells
You own your stuff. No gatekeepers.

#Web3 #Crypto #Farcaster #Decentralization

Decentralization is the future of the web! It ensures ownership, security, and freedom from central control. Let's embrace the power of Web3 and build a more inclusive and transparent digital world together.