I operation the centralized method and the decentralized method!
Greetings, everyone on this wonderful platform. I welcome everyone to another featured topic contest. This is a wonderful day, God has being faithful to every users of this platform and am grateful am part of this #Hivelearners community.
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The world is evolving every day, new developments have come to being. Soon, everything will become a digital system.
When taking about decentralized method or centralized method. Cryptocurrencies are stored in secure digital wallets that are protected by advanced encryption algorithms and private keys, just like what we have on Hive Blockchain technology. While centralized method is where your money is saved in the bank.
In the real sense, crypto has come to stay, many young people today are into it, and they are doing well, and they are out of stress of standing in the queue to get their physical money.
Decentralized and centralized method have pros and cons in our world, none of these methods is naturally unique, it can disappoint at any time, but it is helpful to us. Today, investors are making huge amounts of money on crypto, they are investing and earning a rate of interest on their crypto assets. On the other hand, it is high-risk and high-rewarding, that is the reason we need to do investigation before investing in any crypto.
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The decentralized method allows us to have access to our keys and our transaction process. While in centralized method it is not done that way, you can't have access to your account details on your own except you go to their branch for investigation. The decentralized method is highly risky, many have to lose trillion of funds just to get interest in crypto.
My aunty who lives in PH invested a million Naira in crypto at Port Harcourt, she sends me one million Naira into my account to invest for her in Akwa Ibom State, using my name. Every month, she would receive interest of #200, 000 every month. Thereafter, I will go and top the money for more interest.
My uncle's in Akwa Ibom State, followed me to invest over one million Naira, they also received theirs. A certain month came that nobody received an alert. My aunty called me every day to be sure the money entered my account. We waited, nothing entered. Everybody started complaining about why they are not paying again. Before we knew, our funds had gone. Thank God, my aunty and my uncle bought 4 plots of land using that interest. The crypto lasted for 2 years only. People lose their money. These was a great mistake. Had it been the had the opportunity of getting their private wallets or keys, it would have been better. There was nothing like that.
Today, people are still taking the risk of investing, some are crying loosing money in crypto. I know centralized method is very frustrating and annoying at times. I have invested my money in hive, and before i knew it, the price of #cent has reduce, since then, i vowed never to invest in my life again. Now, I have invested again on GLX, so much thank God it has yielded.
Therefore, I prefer saving part of my money in the centralized method and part into crypto to earn interest. Let it be save both in the bank and the crypto.
Lastly, I'm operating the centralized method and the decentralized method now. My Hive keys are well hidden and supervised by me, no other person and at the same time i can view my wallet without any obstruction. My cash is also saved in the bank for future use.
This post is in response to hivelearners contest week 72 edition 2.
Thank you for reading. Welcome to the world of crypto.
I love, I care, and I forgive.
I remain 
