3.2 Ethereum: Types of Ethereum Accounts

________ can use the Blockchain to understand the activities in the market while maintaining the privacy of an individuals position.

A(n) ________ between the parties is written as a code into the Blockchain.

EOA is an account controlled by a private key that has the ability to send Ethers and messages from it.

A ____________ is a code running on top of the Blockchain containing the set of rules for the nodes to agree upon so that they interact with each other.

Regulators can use the _____________ to understand the activities in the market while maintaining the privacy of an individual’s position

The simplest form of decentralization

Lowers transaction cost

Eliminates the need for the third party

Automatic agreement enforcement

A higher degree of security

Turns legal obligations into automated processes

Smart contract lowers ___________ cost

Smart Contracts are the simplest form of ______________.

Smart contracts turn legal obligations into _________ processes

Smart Contracts eliminates the need for the _________ _________.

Self-verifying

Self-executing

Cost Saving

Tamper Resistant

EOA is an account controlled by a _____ _____ that has the ability to send Ethers and messages from it.