quiz\nquestion 7 of 10\ndylan is having a hard time understanding how something that is decentralized with…

quiz\nquestion 7 of 10\ndylan is having a hard time understanding how something that is decentralized with no authority overseeing everything can be safe and secure. what detail will help ease his mind?\nblockchain is a public ledger in which all transactions can be seen and double - checked.\nhes wrong, central banks in each country actually oversee transactions on blockchain.\nsince it is decentralized everyone is free to secure their own data.\nblockchain technology is shared on one block of data that is encrypted.

quiz\nquestion 7 of 10\ndylan is having a hard time understanding how something that is decentralized with no authority overseeing everything can be safe and secure. what detail will help ease his mind?\nblockchain is a public ledger in which all transactions can be seen and double - checked.\nhes wrong, central banks in each country actually oversee transactions on blockchain.\nsince it is decentralized everyone is free to secure their own data.\nblockchain technology is shared on one block of data that is encrypted.

Answer

Brief Explanations:

Blockchain's public - ledger nature allows for transparency and double - checking of transactions, which contributes to its security in a decentralized system. Central banks do not oversee blockchain transactions as it is decentralized. While individuals can secure their own data in a decentralized system, this doesn't fully address overall security. Blockchain is not just one encrypted block of data but a chain of blocks.

Answer:

Blockchain is a public ledger in which all transactions can be seen and double - checked.