➡️LEVEL 8 - SMART CONTRACTS

Which of the following is the MOST accurate definition of gas estimate and gas limit?
A. Gas estimate is the estimated amount of gas that a transaction will require, while gas limit is the maximum amount of gas that a user is willing to spend on a transaction

Which of the following options represent the primary challenge for smart contracts and the larger blockchain industry as a whole?
C. Smart contracts are vulnerable to bug and other flaws in the code resulting in security breaches and loss of funds

Which of these is NOT a use case for smart contracts?
B. Real-time weather updates

What is the term used to refer to the fee paid by end users to execute a function in a smart contract such as transferring tokens, voting in a DAO or minting an NFT?
C. Gas Fee

Which of the following best describes a complex smart contract?
A. A contract that autonomously performs a series of actions based on external data inputs and has multiple conditional outcomes.

What are the benefits of using smart contracts to manage supply chains?
D. All of the above

In the context of Ethereum dapp development, how is the Solidity programming language best characterized?
C. Smart contract programming language

What is the significant advantage of using oracles in smart contracts?
A. Allow contracts to retrieve external world data

How are smart contract vulnerabilities typically exploited?
D. By taking advantage of poorly written contract code

How exactly did Ethereum elevate the potential of blockchain technology pioneered by Bitcoin? Choose the correct answer.
B. Ethereum revolutionized the way real-world applications function by introducing smart contracts and decentralized applications, eliminating the need for intermediaries

Special Thanks to @RengganisOfficial & https://t.me/AirdropRemix :)
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