The top benefits that Blockchain offers are the Decentralization and Transparency on the network. Centralization is the only primary difference between a blockchain and database, while all data stored in the database are centralized, each user on a blockchain has a secured copy of all records and all changes so each participant can view the source of the data. Means, your personal data can be secured on a decentralized platform compared to existing centralized platforms
To offer Efficiency, Transparency, and faster transaction at lower costs, Ear Swap has developed a decentralized self-sustainable ecosystem: A global marketplace, where buyers and sellers can exchange services in a peer to peer mode without any third party interferences. Era Swap Life is one ecosystem consists of multiple interlinked platforms designed to benefit the community, where they can use ES (Era Swap Utility), to buy and sell services, globally.
Difference between Decentralized & Centralized Platform
Transparency
- Because of its centralized nature existing centralized platforms lack transparency, and there is always a chance and risk to lose your data on the wrong hands. Also, the organization does not always notify users how and what they are doing with their personal details, because of its lack of transparency.
- Be willing to test and make improvements with the community, decentralized platforms are transparent with their algorithms and not to be overly present false statements. Whereas centralized platforms will never be transparent about how and what they are doing nor share their algorithm.
Low-cost
- With several layers of bureaucracy, centralized organizations can simply suffer from the negative effects. This means whatever you sell or buy; the cost you pay may include extra intermediates charges, to pay multilayer middlemen and corporations.
- Blockchain-powered decentralized platforms are known for their cut downs on costs and fees charged for various activities and international transactions. Because of the decentralized approach, there are fewer hidden charges and more transparency, security and lower costs.
Trust
- On centralized platforms, you have to rely on and trust the central authority completely and blindly with your data. Since it is based on centralization, it indicates that your data will be under the control of theses giant corporations, which can be manipulated for their benefits and can have access to them totally.
- You don’t have to worry about your data or any data breaches on Decentralized platforms since they are synonymous with trustless. User doesn’t necessarily have to trust decentralized platforms, because even if they want to access your data, they can`t sense it is driven on Smart Contracts and stored securely on a blockchain network
If you think this is time we should stop being relied on a centralized platform or you want to give a decentralized platform a try. Do Create Your ES Life Wallet on https://eraswap.life/ and, become a part of the Era Swap Life Ecosystem, and get access to multiple decentralized utility platforms at one place
To know more about our interlinked decentralized platforms check below article https://eraswaptoken.io/blog/era-swap-life-an-ecosystem-for-blockchain-based-solutions
NOW ALL DECENTRALIZED PLATFORMS IN YOUR POCKET: https://play.google.com/store/apps/details?id=com.eraswaponeapp&hl=en
