CCE Smart Contracts and Ethereum 1

Question 1

Who coined the term 'smart contracts' and first described their concept?

Accepted Answer

Nick Szabo in the 1990s

Answer

Nick Szabo coined the term 'smart contracts' in the 1990s, describing self-executing agreements with terms directly written into code.

Question 2

What programming language is most commonly used to write Ethereum smart contracts?

Accepted Answer

Solidity

Answer

Solidity is the primary high-level, statically typed programming language designed specifically for writing smart contracts on the Ethereum blockchain.

Question 3

Which best defines a smart contract?

Accepted Answer

A self-executing program on a blockchain that runs when predetermined conditions are met

Answer

A smart contract is a self-executing program stored on a blockchain that automatically enforces and executes agreed-upon terms when predetermined conditions are met.

Question 4

What is the Ethereum Virtual Machine (EVM)?

Accepted Answer

A runtime environment on Ethereum nodes that executes smart contract bytecode

Answer

The EVM is a runtime environment embedded in every Ethereum node that executes smart contract bytecode, ensuring deterministic and consistent execution across the entire network.

Question 5

What does 'gas' represent in the Ethereum network?

Accepted Answer

A unit measuring computational effort required to execute operations

Answer

Gas measures the computational effort required to execute specific operations on Ethereum; users pay gas fees (in Ether) to compensate validators for the computation performed.

(CCE) Certified Cryptocurrency Expert Practice Test

(CCE) Certified Cryptocurrency Expert Practice Test

CCE Smart Contracts and Ethereum 1