Briefly Distinguish Between a Centralized Network and a Distributed Network

question 24

Essay

Briefly distinguish between a centralized network and a distributed network.

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Definitions:

Debtor's Assets

Property owned by an individual or entity that owes money to creditors, which can be used to pay off debts.

Presumption of Abuse

A legal assumption that an action is undertaken with the intention of exploiting or harming, especially in contexts like bankruptcy filings where managing debt responsibly is questioned.

Trustee

An individual or organization appointed to manage assets on behalf of others, often in cases of bankruptcy or for a trust.

Chapter 7 Petition

a legal process in the United States bankruptcy law allowing individuals or businesses to declare bankruptcy, leading to the liquidation of assets to pay off debts.