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Answer: Tokenization facilitates the efficient transfer of ownership for physical assets.
Option C is correct because tokenization allows the representation of ownership rights to physical assets on a blockchain or distributed ledger technology (DLT). This process can streamline ownership transfers by maintaining a single, digital record of ownership, which verifies title and authenticity, including all historical activity. Options A and B are incorrect: Bitcoin uses a permissionless network (not permissioned), and miners verify transactions but do not execute smart contracts (which are self-executing programs based on predefined terms).
Author: LeetQuiz Editorial Team
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Which of the following statements regarding distributed ledger technology (DLT) is most accurate?
A
Bitcoin operates on a permissionless network.
B
Miners are responsible for verifying transactions rather than executing smart contracts.
C
Tokenization facilitates the efficient transfer of ownership for physical assets.
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