Question

    What is a smart contract in the context of blockchain

    technology?
    A A legally binding contract between blockchain participants Correct Answer Incorrect Answer
    B An automated program that enforces contract terms on a blockchain Correct Answer Incorrect Answer
    C A mechanism for resolving disputes in blockchain transactions Correct Answer Incorrect Answer
    D A protocol for establishing secure connections between blockchains Correct Answer Incorrect Answer
    E All of these Correct Answer Incorrect Answer

    Solution

    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.

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