Here are the  top ten interview questions  on Blockchain smart contracts. Here you will know about smart-contract, what language and IDE you need to develop. Useful for interviews as well. 1. What is a Smart Contract? A  smart contract  is an executable code on the blockchain intended to digitally facilitate, verify, validate, and enforce the rules and regulations of an application. Smart contracts allow the performance of credible transactions without third parties . These transactions are trackable and irreversible. 2. Where the smart Contract code resides? The smart contract is deployed in a sandbox environment and identified by a 160-bit account address like any other participants on the blockchain network. It executes on the virtual machine (VM) on the blockchain node and is identified by an account number. 3. Smart Contract is it API? Yes, it is like a class. It has methods. These are useful to process transactions in the Blockchain framework. 4. What are the ...

The smart contract in Blockchain is a software application that works without human intervention. Here I have shared the Smart Contract backend process. Smart Contract Mechanism. 1. What is Smart Contract A smart contract is a protocol that can auto-execute, facilitate, verify, or enforce the negotiation of a contract. Agreement between two parties you can say as a contract. Incorporating the rules of the physical contract into the computing world, you can say as a smart contract Blockchain supports you to create smart contracts. Smart Contracts are self-executing programs that run on the blockchain and are capable of enforcing rules Using Blockchain as a platform and making an agreement or contract between more than two parties, you can say as Smart Contract. 2. Traditional Markets  3. Top Benefits of Smart Contract Currently, smart contracts are being used only in Crypto Currencies Now Smart Contracts being used in all financial transactions A smart contrac...