Are online diplomas legit?

When it comes to the legitimacy of online diplomas, there are certainly many questions floating around. Can an online education really provide the same level of quality and rigor as a traditional brick-and-mortar institution? Are the credentials recognized by employers and academic institutions alike? And perhaps most importantly, are there any risks or drawbacks associated with pursuing an online diploma? As someone considering this path, I want to ensure that I'm making an informed decision and investing my time and money wisely. So, are online diplomas truly legitimate, or are they simply a watered-down version of a traditional degree?