BT Viva Questions
BT Viva Questions
BT Viva Questions
2. What is Cryptocurrency?
Cryptocurrency is a digital or virtual currency that uses cryptography for
security, operates on blockchain technology, and enables peer-to-peer
transactions without intermediaries, such as Bitcoin or Ethereum.
1. What is Bitcoin?
Bitcoin is a decentralized digital currency created in 2009 by an anonymous
person or group known as Satoshi Nakamoto. It operates on blockchain
technology, allowing peer-to-peer transactions without the need for
intermediaries like banks.
Assignment C-3 : : Write a smart contract on a test network, for Bank account
1. What is a Smart Contract?
A smart contract is a self-executing contract with code that runs on a
blockchain. It automatically enforces terms and conditions agreed upon
by all parties.
10. What Are the Key Advantages of Using Smart Contracts for
Banking Operations?
• Transparency: All operations are recorded on the blockchain.
• Security: Transactions are encrypted and tamper-proof
• Automation: Smart contracts self-execute based on coded conditions.