Distributed ledger technology takes on more of a
A)top-down approach
B)centralized approach
C)decentralized approach
D)franchise approach
E)all of the options are true to some extent

Question

Quizplus · Accepted Answer

Distributed ledger technology takes a decentralized approach, meaning that there is no central authority or intermediary controlling the system. Instead, multiple nodes have copies of the ledger and work to validate transactions and add new blocks to the chain. This allows for greater security and transparency in transactions.

Distributed Ledger Technology Takes on More of a