Understanding Smart Contracts

This quiz tests your knowledge on smart contracts, their functionalities, and their implications in the blockchain ecosystem.

Solidity

JavaScript

Python

C++

A type of cryptocurrency

A legal document

A traditional contract

A self-executing contract with the terms directly written into code

To store data securely

To create digital currencies

To automate agreements

To manage user identities

Increased transaction speed

More paperwork

Higher legal fees

Limited accessibility

Ripple

Ethereum

Bitcoin

Litecoin

Decentralized finance (DeFi) applications

Traditional banking transactions

Physical asset trading

Email communication