Question

Smart contracts enable control of digital currency transfer between sender and receiver based on certain defined rules and conditions.True

Answer 1

Answer:

In a democratic government the major decisions are taken by the leaders who are elected by the people of that country. These elected leaders represent the whole country so in this way the need of all people are satisfied.

Answer 2

Answer:

Yes, it is true. The smart contract is the digital ledger which is used for detailing the agreement between the two entity.

Explanation:

• The agreement is digitally signed and it briefs all the necessary condition between the parties and their wants and desires.
• The smart contract is based on consensus protocol that is the mutual agreement between the parties.
• This smart contracts serve the need of managing the conditions and the agreement for the large financial asserts and the transactions which is happening.
• This is employed to meet the financial legal conditions.