Today, the crypto quiz will be about SMART CONTRACTS. Before you start answering the questions make sure that you have read the rules and the rewards section here. Now, let's go to the questions:
❔ What is a smart contract?
a) a paper contract bind with a cryptocurrency
b) a digital version of a paper contract
c) a code that runs on blockchain and controls the transfer of digital currencies or assets between parties under certain conditions
❔ Notable implementations of smart contracts are...
a) bitcoin and litecoin
b) ethereum and counterparty
c) bitcoin and ethereum
❔ Which advantages does a smart contract give?
a) Elimination of third party and brokerage, savings, trust
b) data can change, obscuration of content and savings
c) transparency, evolution according to laws, obscuration of content
Thanks for the interesting information about cryptocurrency. I always try to follow the latest news in the cryptocurrency industry. Bitcoin article recently told me about the closure of the company LocalMonero and although I am not a fan of this cryptocurrency, it still made me a little wary, because such trends directly affect the overall cryptocurrency market. You should also read this article if you are involved in trading the cryptocurrency Monero.
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