Blockchain was built to minimize the use of:
A)US Dollars.
B)Regulators.
C)Intermediaries.
D)Accountants.

Question

Quizplus · Accepted Answer

The purpose of blockchain technology is to facilitate peer-to-peer transactions without the need for intermediaries such as banks. It works by maintaining a decentralized ledger of all transactions, eliminating the need for third parties to facilitate transactions. This reduces costs, speeds up transactions, and increases transparency. While blockchain doesn't necessarily minimize the use of US Dollars, regulators, or accountants, it does aim to reduce the need for intermediaries.

Blockchain Was Built to Minimize the Use Of