________ can use the Blockchain to understand the activities in the market while maintaining the privacy of an individuals position.
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optional contract
A(n) ________ between the parties is written as a code into the Blockchain.
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Externally Owned Accounts (EOA)
EOA is an account controlled by a private key that has the ability to send Ethers and messages from it.
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Smart Contract
A ____________ is a code running on top of the Blockchain containing the set of rules for the nodes to agree upon so that they interact with each other.
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Blockchain
Regulators can use the _____________ to understand the activities in the market while maintaining the privacy of an individual’s position
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Features of Smart Contracts
The simplest form of decentralization
Lowers transaction cost
Eliminates the need for the third party
Automatic agreement enforcement
A higher degree of security
Turns legal obligations into automated processes
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transaction
Smart contract lowers ___________ cost
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decentralization
Smart Contracts are the simplest form of ______________.
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automated
Smart contracts turn legal obligations into _________ processes
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third party
Smart Contracts eliminates the need for the _________ _________.
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Characteristics of Smart Contract
Self-verifying
Self-executing
Cost Saving
Tamper Resistant
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Private key
EOA is an account controlled by a _____ _____ that has the ability to send Ethers and messages from it.
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