Hello everyone "Assalamualaikum".

Hopefully all are well by the grace of the Creator. As well as having a good time with family. I am also well with your prayers. Today I will discuss with you which of the benefits of centralized and decentralized wallet is more. I hope you enjoy my writing.

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We are all familiar with the word wallet. Where we can store some valuable things. Cryptocurrency is a famous wallet known as cryptocurrency wallet. We also often hear the name Bank Wallet. But the biggest thing is that we use two types of online based wallets. One centralized and the other decentralized.

For example, you have an account in a centralized organization. Now, if they want, the authorities of that organization can take control of your account. For example, many of us use e-wallets of different banks. Sometimes it is seen that the apps suddenly become unusable. Authorities dominate the app for a variety of reasons. Authorities or anyone else can monitor your wallet. Moreover, if the bank authorities want, they can seize or withdraw your money or seize it. It is even seen that many times your wallet is hacked using your e-mail. Moreover, there are many limitations in using this wallet.

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We all know something or other about decentralization. Which is not owned or operated by a specific person. These are usually run by the community. As a result, decentralized wallets do not have specific authority or personal authority. As a result, every wallet is safe here. When these wallets are created or traded, there are some secret keywords with which the account is accessed. As a result, it is very safe. Moreover, it is not possible to monitor anyone. Another big issue is that the limitations of crypto transactions are less here. And the most interesting thing is that every decentralized wallet is so secure that it is not possible for anyone to hack it. Because blockchain technology is involved with every decentralized wallet.

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And these are the reasons why decentralized wallets are becoming popular nowadays. Decentralized wallets are being used in many countries of the world. Thanks everyone. Take your precious time to read the article.

Much Love And Best Wishes To All

I am Md. Kawsar Hasan. I am a Bangladeshi. I feel very comfortable to introduce myself as a Bangladeshi. An assistant teacher by profession. A writer intoxicated. So I feel very comfortable writing content on different topics. It’s great to know the unknown and learn something new. Love to travel.
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