question 7 of 10\ndylan is having a hard time understanding how something that is decentralized with no…

question 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.

question 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 is a decentralized system where its public - ledger nature allows all transactions to be visible and verifiable, which contributes to its safety and security. Central banks do not oversee blockchain transactions as it is decentralized. Just having the freedom to secure one's own data is not the main safety - ensuring factor. 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.