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Blockchain Exam 1 Questions & Answers 100% Correct!!
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BLOCKCHAIN E
BLOCKCHAIN E
Centralized Ledger - ANSWER- contains all the accounts recording transactions relating to a company's assets, liabilities, owners' equity, revenue, and expenses - crucial to any accounting system - holds financial and non financial data - increased privacy Decentralized Ledger - ANSWERlist of transactions that is copied and distributed among multiple nodes. All nodes have a copy of the list and the transactions on it. Each node reminds or corrects other nodes with the current version...
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