Spread knowledge and earn SBD with the Crypto quiz on: Smart Contracts
Today, the crypto quiz will be about SMART CONTRACTS. Before you start answering the questions make sure that you have read the rules and the rewards section here. Now, let's go to the questions:
❔ What is a smart contract?
a) a paper contract bind with a cryptocurrency
b) a digital version of a paper contract
c) a code that runs on blockchain and controls the transfer of digital currencies or assets between parties under certain conditions
❔ Notable implementations of smart contracts are...
a) bitcoin and litecoin
b) ethereum and counterparty
c) bitcoin and ethereum
❔ Which advantages does a smart contract give?
a) Elimination of third party and brokerage, savings, trust
b) data can change, obscuration of content and savings
c) transparency, evolution according to laws, obscuration of content
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