Choose from the following list the best definition of a centralized ledger.
A) In a centralized ledger system, everyone has access to a central ledger.
B) In a centralized ledger system, everyone received an electronic copy of the ledger.
C) In a centralized ledger system, there are groups of users with access to hubs with copies of the same ledger.
D) In a centralized ledger system, there is no ledger.

Question

Quizplus · Accepted Answer

In a centralized ledger system, a single, central ledger is accessible or controlled by a central authority, making A the best definition. This contrasts with decentralized systems, where the ledger might be distributed across multiple nodes or participants.

Choose from the Following List the Best Definition of a Centralized