What is smart contract?
Answer / Pundreekaksha Sharma
A smart contract is a self-executing contract with the terms of the agreement directly written into code. The code and the agreements contained therein exist on the blockchain network, enabling trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system, or external enforcement mechanism.
| Is This Answer Correct ? | 0 Yes | 0 No |
What is the lightning network?
Explain the difference between blockchain ledger and a standard one?
How the security of a block is maintained?
What is encryption? What is its role in Blockchain?
What are block identifiers?
What is mean by dao?
What is a ledger? Name the common type of ledgers that can be considered by users in blockchain?
Can you explain the elements of the blockchain ecosystem?
What is a public key?
What are the methods that are used in attacking the rsa algorithm?
What does bip stands for?
How secure is rsa algorithm?