THE CENTRALIZED TYPE OF SAVINGS

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Time changes, and change is constant
Time comes with different development
Time is never the same as what it started with
with time, we get development, revolution, and even evolution and it's inevitable

So many times it works in our favor from generation to generation but with it, comes so many things we would like to remain as it was

Maybe we would just agree that time and evolution has the good and bad side

The world evolves with time and you would agree with me this cuts across all sections
From health to education, to transportation even to how we secure our valuable things like money

There were days were moving through animals was the means of transportation but evolution brought about cars and jets

They were days were we wrote on things that cannot be recovered just to learn then evolution brought books and online learning

They were days where we secure money and valuable things through burying but then evolution came with banks

But the more we live the more evolution introduces new things to simplify its invention

This brought about the decentralized form of money we now have, which has in turn paved way for so many people with investment and job opportunities

Decentralized finance is a digital asset where the exchange is done without the use of banks and other third parties, you can say the inter-country transaction of decentralized finance is swift and easy unlike any other banking system, but as fast and reliable as it comes, it has it's disadvantages which brought about hive learner topic, the decentralized or centralized type of savings

Saving is important to have a solid financial status and one important reason we save is for emergencies and cautions of unforeseen circumstances

We all would rather save where we can get our money multiplied or better still withdraw at the same amount deposited instead of a place where the money is prone to deduction

A centralized form of saving has to be the best option when it comes to savings for me rather than decentralized where the money or asset is prone to deduction from the amount deposited due to a dip or fall in the market

There's uncertainty with decentralized saving, you never can tell what the market would birth in weeks

A little miss in the wallet address or password can make one forget his or her asset for life in decentralized savings

Centralized savings has some advantages to pick over decentralized that I as an individual would go for

With centralized savings, there's no fall to the value of money or a hack to the block chain

A centralized form of savings comes with accountability to the bank saved with, you are rest assured someone is to be held if anything goes wrong with your money but decentralized that involves no third party has no one else rather than the person saving and the block chain

What could be done to improve decentralized saving to be considered?

Decentralized savings just have to be more secure to prevent hacking of assets and yeah a way to recover assets should be introduced in which cases of password forgotten or mistake in wallet address can be traced and recovered, with this decentralized form of savings should stand a chance as one important way of savings