Who is responsible for overseeing a blockchain electronic ledger?
- Anyone belonging to the blockchain network
- A central blockchain authority
- A central bank
- A government regulatory body
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Answers Explanation & Hints: In a public blockchain network, there is no central authority or regulatory body overseeing the blockchain electronic ledger. The network is maintained by a decentralized community of participants who agree on the rules and validate transactions through a consensus mechanism. Therefore, the answer is “Anyone belonging to the blockchain network”. However, private blockchain networks may have a central authority or organization responsible for overseeing the network. |