Choose from the list below the best definition of smart contracts.
A) Smart contracts are the computers of participants in the network.
B) Smart contracts are who create the ledgers of transactions in chained blocks.
C) Smart contracts are computer programs that act as intermediaries that contract, execute, and settle contracts.
D) Smart contracts are the algorithms used to encode a message.

Question

Quizplus · Accepted Answer

Smart contracts are essentially computer programs or protocols that automatically execute, control, or document legally relevant events and actions according to the terms of a contract or an agreement. They facilitate, verify, or enforce the negotiation or performance of a contract, making them intermediaries in the process.

Choose from the List Below the Best Definition of Smart