Smart Contracts for beginners

1. True or False: Smart contracts are built on blockchain technology.

• a. True

• b. False

2. True or False: Centralized exchanges eliminate the need for a middleman in transactions.

• a. True

• b. False

3. True or False: Smart contracts execute on a decentralized blockchain network.

• a. True

• b. False

4. True or False: Smart contracts provide tamper-proof code.

• a. True

• b. False

5. True or False: Smart contracts can be changed after they are deployed.

• a. True

• b. False

6. True or False: Smart contracts have limitations in terms of impact and efficiency.

• a. True

• b. False

7. True or False: Smart contracts are already being used by banks and insurance organizations.

• a. True

• b. False

8. True or False: Code vulnerabilities in smart contracts can be exploited by hackers.

• a. True

• b. False

9. True or False: Ethereum had to hard fork in 2016 due to a disastrous smart contract situation.

• a. True

• b. False

10. True or False: Smart contracts are being tested and used in real-world scenarios.

• a. True

• b. False