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Aim

Theory

Pretest

Procedure

Simulation

Posttest

References

Feedback

Smart Contract: Decentralized Fund Transfer and Network Confirmation

Choose difficulty:

Beginner

Intermediate

Advanced

Smart contracts are designed to:

a: Only handle cryptocurrency transactions Explanation

Explanation

b: Automatically execute predefined actions when conditions are met Explanation

Explanation

c: Replace traditional legal contracts Explanation

Explanation

d: Operate offline without the need for a blockchain Explanation

Explanation

Which of the following is NOT a key advantage of using smart contracts?

a: Trustless and tamper-proof Explanation

Explanation

b: Reduced transaction costs Explanation

Explanation

c: Instant execution of contract terms Explanation

Explanation

d: Human intervention required for execution Explanation

Explanation

What role does an oracle play in a smart contract?

a: It writes the contract’s code Explanation

Explanation

b: It provides external data to trigger the contract Explanation

Explanation

c: It stores the contract offline Explanation

Explanation

d: It manually approves each transaction Explanation

Explanation

Why can’t a smart contract be changed after it’s deployed on a blockchain?

a: It’s locked by a central authority Explanation

Explanation

b: The blockchain’s design makes it immutable Explanation

Explanation

c: It requires a password to edit Explanation

Explanation

d: It’s deleted after deployment Explanation

Explanation

What is an example of a condition that might trigger a smart contract?

a: A user turning on their computer Explanation

Explanation

b: Receiving a confirmation of a package delivery Explanation

Explanation

c: Manually signing a paper document Explanation

Explanation

d: Changing the contract’s code Explanation

Explanation

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