Question 11 ptsEthereum is a Permissionless Blockchain and Smart Contract TechnologyGroup of answer choicesTrueFalse

True. Ethereum is indeed a permissionless blockchain and smart contract technology.

Let's break it down:

1. Ethereum: This is a type of digital or virtual currency, also known as cryptocurrency. It's like an online version of money. You can use it to buy things or trade it for other currencies.

2. Permissionless Blockchain: This means that anyone, anywhere, can join and participate in the Ethereum network. You don't need permission from any authority to join. It's like a game anyone can play, no matter where they are, as long as they have internet.

3. Smart Contract Technology: This is a special feature of Ethereum. Smart contracts are like automatic vending machines. For example, if you put a dollar into a vending machine and select a soda, the machine automatically gives you the soda. Similarly, in Ethereum, if the conditions of a smart contract are met, the contract automatically executes the agreed-upon action.

So, the statement is true. Ethereum is a permissionless blockchain and smart contract technology.