Smart Contracts What term is used to describe computer code that automatically executes all or parts of an agreement and is stored on a blockchain-based platform? Osmosis Contract For Difference Smart Contract Futures Contract What is the most popular blockchain for running smart contracts, where they are typically written the Solidity programming language? Bitcoin Ethereum Cardano LitecoinWhat is required before a smart contract can actually be executed and registered on certain blockchains? A lawyer must be hired Court documents must be filed It needs to be notarized A transaction fee must be paid What computer scientist first introduced the term “smart contract” in 1996? Nick Szabo Hal Finney Satoshi Nakamoto Bill Gates What is one of the biggest potential benefits of smart contracts and decentralization? Increasing the intelligence of users. Creating efficiency by removing intermediaries. Making lawyers and accountants obsolete. The feeling of confidence they inspire. Which part of the Ethereum protocol makes sure a submitted smart contract follows its predefined rules? Ethereum Judges Ethereum Elders Ethereum Wizards The Ethereum Virtual Machine (EVM)Which of the following is a factor that influences the size of the transaction fee that is required to execute a smart contract? The weather The computational resources required to execute it. Nepotism The alignment of the stars. What abbreviation is commonly used to describe a distributed application that is controlled by backend commands written into smart contracts? CCCP DPRK DApp GOPWhat is the name commonly given to an organization that uses smart contracts, instead of human administrators, as a form of self-governance in order to regulate the behavior of its participants? Decentralized Autonomous Organization (DAO) Anarchy and Chaos Communism Trickle Down Association What was the first global blockchain platform to introduce smart contracts to a wide-spread audience? Bitcoin Bitcoin Cash Ethereum Litecoin 11 out of 10
