Assets such as this operate outside of central banking systems and use cryptography and ____ control to create and secure financial transactions and verify the transfer of assets.

Question

Quizplus · Accepted Answer

Decentralized control is a key feature of cryptocurrencies and other blockchain-based assets. This means that no single entity or organization has complete control over the system, which is instead managed by a distributed network of participants. Cryptography is also used to secure transactions and prevent fraud or tampering. Assets that operate in this way are not typically physical or centralized, but rather exist virtually through the blockchain.

Assets Such as This Operate Outside of Central Banking Systems