A time-stamped ledger of electronic transactions among multiple users, but with no centralized control, is referred to as a(n):
A)token.
B)coin.
C)blockchain.
D)chainsaw.
E)decentralized network.

Question

Quizplus · Accepted Answer

This is the definition of a blockchain. A token (A) or coin (B) can be a type of cryptocurrency that operates on a blockchain network, but they do not fully encompass the decentralized ledger system. Chainsaw (D) and decentralized network (E) are not related to the definition of a blockchain.

A Time-Stamped Ledger of Electronic Transactions Among Multiple Users, but with No