MONEY:$1,000
Scenario 12 of 12
The Complete Understanding
You've learned that smart contracts are self-executing programs that automatically execute when conditions are met. They are immutable, trustless, transparent, fast, low-cost, and programmable. They enable new applications like DeFi, NFT royalties, and automated escrow. However, they depend on code quality and oracles.
Do smart contracts represent a fundamental shift in how agreements are made and enforced, enabling automatic, trustless, transparent, and efficient contract execution?
Press Y for YES or N for NO