Question

What is a smart contract in the context of blockchain

Q: Answer-What is a smart contract in the context of blockchain technology?

A smart contract is a self-executing program with code that automatically executes and enforces the terms of a contract on a blockchain when specific conditions are met, eliminating the need for intermediaries.

technology?

A A legally binding contract between blockchain participants

B An automated program that enforces contract terms on a blockchain

C A mechanism for resolving disputes in blockchain transactions

D A protocol for establishing secure connections between blockchains

E All of these

Practice Next

More IT Networking Questions

If FOUR is coded as 9999, then DEAD will be coded as
If ‘Earth’ is called as ‘Mars’, ‘Mars’ is called as ‘Venus’, and ‘Venus’ is called as ‘Jupiter’, then, which planet is known as...
a certain code language, ‘MACHINES’ is written as ‘HCAMSENI’. How will ‘PARALLEL’ be written in that language?
In a certain language, 'number digit' is written as 'sc gn', 'word number vowel' is written as 'qw gn ac', 'five word' is written as 'yh qw'. How is 'v...
What is the code for “Others” in the given code language?
What is the code for “Others” in the given code language?
In a certain coding system, 'stories editor learner' is coded as '187'. 'pages newspaper learner' is coded as '657' and 'editor program newspaper' is c...
In a certain code language, ‘PORTION’ is coded as ‘ 13-12-15-17-6-12-11’. How will ‘HELIUM’ be coded as in that lang...
What is the possible code for “great furphy”?
In a certain code COUNTERS is written as ‘OVPDRQDS’. How is CLEARING written in that code?

What is a smart contract in the context of blockchain

Solution