Centralized System and Distributed System

Chapter 4 Up to now, I have explained the detailed examination of the system for analyzing requirements. All of the requirements specification activities are in the problem area, but the design is the first step to move from problem area to solution area. The design is essentially a bridge between the requirements specification and the final solution that meets the requirements []. In this chapter we will generate a model that represents the systems that can be used later to build the system.

There are three types of control systems: centralized, distributed, and distributed. There is one server and many users in the centralized system. A distributed system has many servers and a large number of users. Bitcoin is a distributed system. In other words, it is distributed and redundant. Bitcoin is also known as a fault tolerant system. This means that if one server or computer fails, it will not occupy the entire network. Because Bitcoin does not trust a third party to verify the transaction and maintain the ledger, it relies on an entity called a miner. These mine workers run computer software and use large amounts of computer capacity to compete in lottery type systems. Mine workers follow the rules and protect the network economically

So far, I have not talked about distributed systems. Consider a distributed system as a hybrid of a fully centralized system and a fully distributed system. It is not uncommon to combine the best of the two types of organizational structure with the business model, and if you succeed in doing so, the result can be very successful. . . But we can discuss it again. I am an investment research analyst and partner of KEC Ventures in New York. So I am evaluating and investing in early technology startups. I am the subject of our team's Internet infrastructure, supply chain, and transport services. Prior to KEC Venture, I worked at Watson Wyatt, UBS AG, Lehman Brothers, KEC Holdings. I have a bachelor's degree in mathematics and physics at the University of Connecticut and an MBA in finance tools and marketing at New York University's Leonard N. Stern Business School.