Home »
MCQs »
Blockchain MCQs
What is a smart contract?
30. What is a smart contract?
- Programs stored on a blockchain that run when predetermined conditions are met
- Online contract
- Digital contract
- All the above
Answer: A) Programs stored on a blockchain that run when predetermined conditions are met
Explanation:
A "smart contract" is software that runs on Ethereum's blockchain. It's a collection of code (its functions) and data (its state) that lives on the Ethereum blockchain at a single address. Ethereum accounts come in the form of smart contracts.