Which cryptocurrency is known for its role in enabling smart contracts?Question 13AnswerA.LitecoinB.RippleC.BitcoinD.Ethereum

Break Down the Problem

1. Identify the cryptocurrencies listed in the options.
2. Determine which of these is specifically known for enabling smart contracts.

Relevant Concepts

Smart contracts are self-executing contracts with the terms of the agreement directly written into code. The most prominent platform known for facilitating smart contracts is Ethereum.

Analysis and Detail

1. Litecoin: Primarily designed as a digital currency and is characterized for faster transactions compared to Bitcoin, but it does not provide smart contract capabilities.
2. Ripple: Primarily a digital payment protocol and cryptocurrency designed for real-time cross-border payments. It does not focus on smart contracts.
3. Bitcoin: The first and most well-known cryptocurrency, which serves more as a store of value and doesn't support complex smart contracts.
4. Ethereum: Specifically developed for facilitating smart contracts and decentralized applications (dApps) on its blockchain.

Verify and Summarize

Among the listed options, Ethereum is the only cryptocurrency explicitly designed to enable smart contracts. The other cryptocurrencies focus on different functionalities.

Final Answer

D. Ethereum is known for its role in enabling smart contracts.