We know the advantages of decentralized however what are the disadvantages of the Decentralized system that we should take note of while using this technology?
There are disadvantages too and it is common for any new technology and for decentralized blockchain technology what I see as disadvantages are,
1. Lack of authority to control price fluctuations - Unlike central banks for major fiat currencies to control fluctuation levels bitcoin and majority of crypto has no party to step in and balance the situation
2. Lack of acceptance from governments and other centralized organizations because many afraid to trust a system that has no leadership so even decentralized digital currencies are potential majority of governments refuse to accept them
Above are not problems for us or that we cannot eliminate with time but are major facts why a certain percentage of the world haven't still accept our community
The above option was indeed some attribute which was the disadvantages of decentralized system of crypto currencies but if you look at the bright side of it, the government hate decentralize of crypto because it the total liberation from the government and the banking sectors failure. Concern the lack of authority, the crypto community are the authority which crypto currencies have but it unfortunately that people sides.