Homework on Ethereum Intro

Ethereum 101
#4182
  1. Web 1.0 was a simple static version of the internet that contains links, articles, and images.
  2. A smart contract is a contract written on the ETH blockchain with solidity and allows us to make a financial business without trusting anyone.
  3. ETH source code is visible to everyone, the idea is that all of us can read the smart contract before signing anything.
#4183
  1. Web 1.o was a static website that consist only of images and informations that can be shared acros the network.
  2. Smart Contarct is a code that run on Ethereum Blockchain. It has abilities to own and make decision what to do with the money acording to the code that was programed for. Once its deployed on the blockchain its unstopable to execute the functions that has being programed and its doing that in a tranparent way following the consensus mechanisam of the blockchain.
  3. Transparency is achived through the consensus mechanisam Proof of Stake in case of Etherium Blockchain.
#4184
  1. Web 1.0 was static read only internet - no interaction
  2. A smart contract is comprised of small piece of code, on Ethereum this can be written and developed with the use of the solidity coding language.
  3. Ethereum coding achieves transparency through the contracts deployed on the blockchain. Once they have been written to the blockchain the are immutable and can not be changed or reversed.
#4185

  1. What was Web 1.0?
    Web 1.0 was the internet that only allowed webpages to contain information, no interactions were available due to technology at the time.

  2. What is a smart contract?
    A smart contract is produced from a program like solidity that allows algorithmic code to decide what to do with the funds allocated to it and programmed what to do with it

  3. How is transparency achieved with ethereum code?
    It is publicly available, totally decentralised

#4186
  1. Web 1.0 is essentially websites that consist of texts, images, and links.
  2. Smart contracts consist of pieces of code in Solidity that allows people to receive and send crypto.
  3. Transparency is achieved with Ethereum code since there are no intermediaries involved and all smart contracts are on the blockchain for everyone to see.
1 Like
#4187

1 web 1.0 represents non interactive websites based only on text and images

2 a smart contract is a piece of uneditable code that execute the instructions for exchanging money between entities

3 transparency is achieved through deployed smart contracts that are immutable and visible to every one. trustless and verifiable

1 Like
#4188

  1. What was Web 1.0? Static- only text, image, no chat or social

  2. What is a smart contract? small pieces of code using solidity program, its unstoppable, cancels third parties envolved

  3. How is transparency achieved with ethereum code? removes the middle man, allows us to do buisness with anyone

1 Like
#4189
  1. Internet consisting only of text, images and links.
  2. The smart contract is programmed by Solidity and consists of codes that perform the task without the need for a third party.
  3. It is a code that is made public since it is on the blockchain. It is not censurable, and therefore third parties are not to be trusted. You just have to verify the code.
1 Like
#4190

  • What was Web 1.0?
    Web 1.0 was the first stage of internet - static, text, images, links.

  • What is a smart contract?
    Small code on the ETH BC. They are build using the Solidity coding language and get deployed onto the ETH network.

  • How is transparency achieved with ethereum code?
    Transparency is achieved through trustlessness and verification.

1 Like
#4191
  1. Web 1.0 was static, informational websites
  2. A smart contract is small code that runs on the blockchain. It can own & decide what to do with money.
  3. Transparency is achieved through the security and immutability of the blockchain.
1 Like
#4192

  1. WEB 1.0 was considered a read-only web, meaning that it was not interactive in any way as it was mainly a source of information and research. It was mainly composed out of statig web pages that only used text, images and hyperlinks. It was used to read and share information.

  2. A smart contract is a code that runs on the Ethereum blockchain. It is designed to be transparent and they are used to program rules on money or any other asset. A smart contract is secure as it is almost impossible to change the rules as it would be a challenge similar to what changing a transaction information in a BTC blockchain block is.

  3. Transparency is achieved by making the code public, so anyone can see how a smart contract works, what does it do and what is it doing at all times.

1 Like
#4193

  1. Web 1.0 is pre Java Script when websites were static . The websites were viewing and sharing and not capable of what the web is capable of doing now.

  2. Smart contracts are small pieces of code that define agreements between sender and receiver that is put on ethereum platform. It is unstoppable and unchangeable

  3. Anyone can see the code and transactions making it transparent. Once it is on the blockchain it cannot be changed, stopped, or reversed. There doesn’t need to be trust because everything can be verified.

1 Like
#4194
  1. Web 1.0 marks the first phase of the Internet. It was mostly characterized by static text and images. Web 1.0 pages had hyperlinks but only rudimentary interactivity if at all, only as far as early HTML allowed. Because the HTML in Web 1.0 lacked a scripting language such as JavaScript. The static nature of Web 1.0 pages towards both users and servers is the main difference to Web 2.0 pages. The latter are dynamic, i.e. pages change for users as well as the corresponding files on servers do.
  2. A smart contract is computer code (a program) stored in a blockchain, that directly controls the transfer of digital currencies or assets between contracting parties under certain conditions. A smart contract not only defines the rules related to an agreement in the same way as a traditional contract, but can automatically enforce those obligations. Blockchain-based smart contracts help make business and other transactions more secure, efficient and cost-effective.
  3. With Ethereum code, transparency is achieved by the key pillar “Don’t trust: verify”. Ethereum is an open ledger that enables anyone to read and verify all the transactions, smart contract code and other activity of the past and present. It is a trustless environment that doesn’t require a central entity to ensure the network’s security. Ethereum transactions and smart contracts are immutable, so no corrupt party can change them.
1 Like
#4195

  1. Web 1.0 was when websites were static and could only read/write text, images and links.

  2. A smart contract is a piece of code that runs on the ethereum blockchain. It is unstoppable, transparent, and can automatically decide what to do with money.

  3. Transparency is achieved by using smart contracts because no one can alter its behavior. Its execution is engraved on the blockchain.

2 Likes
#4196

  1. Web before Javascript. Very simple form.

  2. Code that allows things to happen in a trustless permission less manner.

  3. The smart contract code can be viewed/inspected and is visible on the blockchain.

2 Likes
#4197
  1. the first internet with static webpages
  2. a contract that is coded and will complete the transfer once conditions are met.
  3. everyone can see the contracts and interactions.
2 Likes
#4198

1. What was Web 1.0?
– First ittaration of the internet
– Static web pages (Text, images and hyperlinks)
– Not interactive

2. What is a smart contract?
– A contract that establishes terms of an agreement
– The terms are executed by code running on a blockchain
– Take advantage of blockchain security, reliability, and accessibility
– Offer sophisticated peer-to-peer functionality

3. How is transparency achieved with Ethereum code?
Smarts contracts make commercial relationships trust-less, transparent, and eliminates the need for a third party.

2 Likes
#4199

  1. With Web 1.0 you could only share information, text, images, links.

  2. A smart contract is like a Vending machine, it outputs if predetermined conditions are met. It is unchangeable.

  3. Transparency is achieved because anyone can see the code, how things work, where funds are, etc. It is Trustless because you can verify it yourself.

1 Like
#4200

  1. Web 1.0 was static. Users could post and read information through links and images and text, but there was no social interaction.

  2. Smart contracts are programmed transactions on a blockchain and they are transparent and irreversible, thereby eliminating the necessity of trust.

  3. Transactions are on a public ledger and performed according to code and are irreversible.

2 Likes
#4201

Good Work, I like how you reiterated the point of trustless transactions :+1: