# Assessment 1 #### How does the Bitcoin network differ from traditional banking in terms of transaction recording? (Choose ALL that apply) * [x] Operates on a distributed framework * [x] Transactions are publicly recorded on a blockchain * [ ] Transactions are private and unrecorded * [ ] Operates on a centralized framework **Notes to Learners** In contrast to the traditional model, the Bitcoin network operates on a distributed framework where transactions are publicly recorded on a blockchain. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://hub.bsvblockchain.org/higher-learning/bsv-academy/bitcoin-whitepaper-series/section-10-privacy-bitcoin-whitepaper/assessment-1.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.