Blockchain CBSA Practice Test - Questions Answers, Page 3

Review Technical Whitepaper https://www.corda.net/ Corda network has one or more notary services which provide transaction ordering and timestamping services, thus abstracting the role miners play in other systems into a pluggable component.

The Ethereum Virtual Machine (EVM) is the runtime environment for smart contracts in Ethereum. It is not only sandboxed, but actually completely isolated, which means that code running inside the EVM has no access to network, filesystem, or other processes. Smart contracts even have limited access to other smart contracts.

Bitcoin uses the Hashcash proof of work system.

Reference: https://en.bitcoin.it/wiki/Hashcash

An oracle is a well known service that signs transactions if they state a fact and that fact is considered to be true. They may also optionally provide the facts r 3 Corda Technical Whitepaper.

Truffle is a development environment, testing framework and asset pipeline for Ethereum, aiming to make life as an Ethereum developer easier. Reference:

https://github.com/trufflesuite/truffle

To write smart contracts there are a few different languages: Solidity, which is like JavaScript and has .sol as a file extension, Serpent, Python-like with extension .se, and a 3rd, LLL, based on Lisp. Serpent was popular a while back but Solidity is the most popular right now and more robust, so just use Solidity. You prefer Python? Use Solidity.

Reference: https://medium.com/@ConsenSys/a-101-noob-intro-to-programming-smart-contracts-on-ethereum-695d15c1dab4

Reference: https://www.interlogica.it/en/insight-en/nakamoto-consensus/

Smart contracts generally are not legal contracts. However, its possible that a smart contract could be accepted as a legal contract but not normally. Read more about Smart contracts here Reference: https://blockgeeks.com/guides/smart-contracts/