Centralized Systems , Centralized systems have a core authority that dictates the truth to the other participants in the network. Only privileged systems or institutions can access the history of transaction in centralized systems. , Centralized Systems , Decentralized Systems , Decentralized systems have no core authority that dictates the truth to the other participants in the network. Every systems or institutions can access the history of transaction in decentralized systems. , Decentralized Systems
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