Smart contracts explained simply

Part 1

Let’s start by looking at some of the more important vocabularies

If I say “I’ll spare you the details”, what do I mean?

What is a distributed ledger?

What is a crowdfunding platform?

What is funding?

Who/What is a 3rd party?

Can you think of some examples of product teams

What is another way to say to handle money?

When can you use the expression “on the other hand”? 

When was the last time you got a refund?

Do you have to reach a goal this week?

Describe something that is pretty awesome to you?

Immutable = once a smart contract is created it can never be changed again?

Distributed = the output of the contract is validated by everyone on the network

What does it mean to inherit properties?

Do you have a story when someone went behind your back?

If I tamper with the code, what am I doing?

If I spot a mistake in a text, what did I do?

How much is a handful?

What is a syntax used for?

What is another way to say “to resemble“? 

Part 2

Watch the video with the English subtitles

Part 3

Comprehensions questions:

Let’s try and use the vocabulary from Part 1

Who was Nick Szabo?

What example did he use as a 3rd party between supporters and product teams?

Why is trust in a 3rd party needed in the crowdfunding example?

Why should we trust the smart contract? 


Describe how smart contracts can be used with….. 

  1. Banks 

2. Insurance 

3. Postal 

What is Solidity? How do you pronounce it?

What was it specifically created for? 

What is it similar to? 


Can you finish the sentence?

If the project gets successfully funded, the project team expects Kickstarter to give …………………… ?

If the project fails to meet the goal, the money automatically ………………………


Do you know other blockchains supporting smart contracts?

What’s the difference between Bitcoin and Ethereum with smart contracts?

About Author

Justin Donlon

English Teacher & Content Developer Over 15 years of experience in engaging educational content


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