Blockchain refers to a technology that:
A)uses a distributed ledger system of transactions.
B)uses a centralized data store in the cloud.
C)relies on the Internet to provide secure transactions.
D)uses existing banking systems to transfer funds.
E)relies on peer-to-peer networks.

Question

Quizplus · Accepted Answer

Blockchain uses a distributed ledger system of transactions, meaning that records are spread across a network of computers rather than being stored in a single location. This makes the system more secure, as each transaction needs to be verified by multiple users on the network rather than a central authority.

Blockchain Refers to a Technology That