Position Exchange

<h2 id="header-0">What is decentralization?</h2><p>In the blockchain, decentralization alludes to the transfer of supervision and decision-making from a centralized association (individual, corporation, or group of people) to a dispersed network. Decentralized networks endeavor to decrease the degree of trust that members should put in each other and dissuade their capacity to put forth authority or command over each other in a manner that corrupts the potency of the network.</p><h2 id="header-1">Benefits of decentralization</h2><h3 id="provides-a-trustless-environment">Provides a trustless environment</h3><p>In a decentralized blockchain network, there is no need to trust anyone as a intermediary . Each member in the network has a copy of the exact same data in the form of a distributed ledger. If a member’s ledger is altered or corrupted in any way, it will be rejected by the majority of the members in the network.</p><h3 id="improves-data-reconciliation">Improves data reconciliation</h3><p>Companies often exchange data with their partners. This data, in turn, is typically transformed and stored in each party’s data silos, only to resurface when it needs to be passed downstream. Each time the data is transformed, it opens up opportunities for data loss or incorrect data to enter the workstream. By having a decentralized data store, every entity has access to a real-time, shared view of the data.</p><h3 id="reduces-points-of-weakness">Reduces points of weakness</h3><p>Decentralization can reduce points of weakness in systems where there may be too much reliance on specific actors. These weak points could lead to systemic failures, including failure to provide promised services or inefficient service due to the exhaustion of resources, periodic outages, bottlenecks, lack of sufficient incentives for good service, or corruption.</p><h3 id="optimizes-resource-distribution">Optimizes resource distribution</h3><p>Decentralization can also help optimize the distribution of resources so that promised services are provided with better performance and consistency, as well as a reduced likelihood of catastrophic failure.</p><h2 id="header-2">Position Exchange - A Fully Decentralized Exchange</h2><p>Position Exchange makes trading trustless. While centralized exchanges must be trusted as an intermediary to oversee and transact the trade, which means that they already control your funds via your centralized exchange wallet, Position Exchange - a fully decentralized exchange does not force you to do this. All of your transactions are executed on-chain via smart contracts. You can freely track your transactions from beginning to end.</p><p>Position Exchange lets you have control over your crypto assets at all times: we give out personal keys and allow a buyer (or a seller) to retract their funds from a smart contract should they change their mind and decide not to proceed with a transaction.</p><p>We resolve risks of hacking and scrutiny from regulators, which centralized exchanges are so prone to, by having smart contracts take care of order clearing. We also enable global trade, as anyone in any country could post to their order books, and reduce the friction of the procedure by eliminating registrations and signups.</p><p>Thanks to decentralization, we can help streamline the dispersion of assets so that guaranteed services are furnished with better execution and consistency, just as a decreased probability of explosive letdown. Therefore, users can rely on asset security on Position Exchange.</p><p>Moreover, we provide a great user experience than ever! Position Exchange offers a fully on-chain order book combined with high liquidity benefiting from the AMM model. Along with that is the high-speed and low gas fee transaction.</p><p>Get your best trading experience on<a href="https://position.exchange/" rel="noopener noreferrer nofollow"> Position Exchange</a> today!</p>

What is Decentralization in Blockchain?

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