Virtual Labs

What ensures that smart contracts execute exactly as programmed without tampering?

a: Blockchain immutability and decentralized verification Explanation

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b: Manual auditing by all users Explanation

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c: Centralized servers controlled by one organization Explanation

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d: Encrypted local files on a personal computer Explanation

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Which step comes first when creating a smart contract?

a: Deciding rules and conditions with involved parties Explanation

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b: Deploying the code to the blockchain Explanation

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c: Testing the contract Explanation

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d: Waiting for a trigger to execute the contract Explanation

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Why is testing important before deploying a smart contract?

a: To ensure the code works correctly and securely, preventing errors or security flaws Explanation

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b: To allow parties to change conditions later Explanation

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c: To manually verify every transaction afterward Explanation

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d: To store the contract in a physical ledger Explanation

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How do smart contracts improve efficiency?

a: By automating actions and reducing manual errors Explanation

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b: By generating physical products automatically Explanation

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c: By eliminating all digital records Explanation

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d: By requiring manual intervention at every step Explanation

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What makes smart contracts transparent?

a: Every action is recorded on the blockchain, visible to participants Explanation

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b: Only the creator can see contract execution Explanation

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c: Transactions are hidden from all parties Explanation

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d: Contract execution happens offline without records Explanation

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What happens after a smart contract is deployed on the blockchain?

a: It becomes permanent, immutable, and ready to execute automatically when conditions are met Explanation

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b: It can be freely modified by anyone Explanation

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c: It waits for manual approval from all parties for every action Explanation

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d: It requires physical signatures to work Explanation

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Smart Contract