Which of the following statements is correct about blockchain centralization/decentralization?It is architecturally decentralized and politically centralizedIt is architecturally decentralized and politically decentralizedIt is architecturally centralized and politically decentralizedIt is architecturally centralized and politically centralized
Question
Which of the following statements is correct about blockchain centralization/decentralization?It is architecturally decentralized and politically centralizedIt is architecturally decentralized and politically decentralizedIt is architecturally centralized and politically decentralizedIt is architecturally centralized and politically centralized
Solution
The correct statement about blockchain centralization/decentralization is: "It is architecturally decentralized and politically decentralized".
This is because the blockchain technology is designed in a way that no single entity has control over the entire network (architecturally decentralized). Also, the decision-making process is spread among many participants in the network (politically decentralized).
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