Homework on Ethereum Intro

[John3]

1. What was Web 1.0?
   Basic interaction

2. What is a smart contract?
   Small pieces of code (program) transparent

3. How is transparency achieved with ethereum code?
   Trusting the tec, a contract between two people without the need of a third party

[Gekiere]

1. What was Web 1.0

In Web 1.0 we had static websites. It could show texts, images, and links. You could not have chat, different accounts, social media. You can only share information.

2. What is a smart contract?

Small pieces of code that run on a network.

3. How is transparancy achieved with ethereum code?

Because everyone can see what is on the blockchain. The blocks cannot be altered due to PoW.

[kurtis27]

1. Web 1.0 was very basic websites, that consisted of just text images and link, not dynamic like now.
2. A smart contract are small pieces of code that run on ethereal blockchain and basically serves the purpose of trustless business, that you can program to do pretty much anything( hold money for your kid and only pays if he gets good grades, etc)
3. Source code of smart contract is visible to everyone, meaning if you don’t trust a smart contract you have the ability to go and verify.

[StanleyGM]

1. What was Web 1.0?
   Web 1.0 was the beginning of the internet. Webpages were simpler and could only be static pages. There were no dynamic pages that allow interaction between users.

2. What is a smart contract?
   A smart contract is a contract that is on the blockchain that will sit idle until one the the conditions is met for it to be completed. Smart contracts are programmable and are set up to initiate once a certain verifiable event occurs.

3. How is transparency achieved with ethereum code?
   Transparency is achieved through the same mechanism of bitcoin. All the the blocks on the Ethereum network are transparent and visible to all who wish to look at them. All viewers can then see the smart contracts and the terms of it.

[sean.brady.mccarthy]

1. What was Web 1.0?

Webpages with static text/images.

2. What is a smart contract?

Code on the Ethereum Blockchain.
Language is called solidity.

Smart contracts can own and decide what to do with money. They are programmable money handling systems without the need for an intermediary. It is a decentralized system that cannot be shutdown by an outside source.

3. How is transparency achieved with ethereum code?

All transaction are stored and can be seen on the blockchain.

You do not have to worry about trusting the word of another person, as the agreement is held within the script of the contract. In other words the agreement is executed based on the rules of the contract, so as long as your verify and understand how the contract works, there is no need to have to place your trust in an individual.

[Effengee]

@filip

What was Web 1.0?

Static websites.

@filip

What is a smart contract?

A dynamic, programmable algorithm that can create a trustless mechanism through which value can be transfered.

@filip

How is transparency achieved with ethereum code?

The code is viewable and verifiable by anyone.

[Marco9]

1. Web 1.0 was the first verosion of the web, where sites were, user interaction was very limited.

2. Smart contracts are small pieces of software running on the ethereum blockchain, they execute small pieces of code, hold and manage money in a trust-less way and increased transparency

3. Smart contracts are unstoppable and completely transparent in terms of transactions, the source code are visible to public and this allow everyone to verify the terms of the contract instead of trusting third parties.

[andyB]

1. What was Web 1.0?
   Web 1.0 was static websites consisting of text, images and links.

2. What is a smart contract?
   A smart contract is a small piece of code that runs on the blockchain.

3. How is transparency achieved with ethereum code?
   Once deployed it is open source for anyone to view. A smart contract removes the need for 3rd parties/intermediaries and is trustless.

[Draper]

1. What was Web 1.0?
   Web 1.0 is the original web where information could only be viewed and posted. There were no message boards or social media. It occurred without Java Script and therefore, was not interactive.

2. What is a smart contract?
   A smart contract is written into the code of the transaction. For example, if I want my child to receive 1/4 bitcoin for good grades (a certain grade point average) then the contract will list once the grade is posted if it meets the requirement pay out the bitcoin.

3. How is transparency achieved with ethereum code?
   Transparency is achieved with the ethereum code by using a decentralized, open source platform with consensus between nodes. This completely removes the need to trust as the information can be verified by all users.

[Perly]

1. Web 1.0 is basic HTML where you can create pages that viewers can read but no write.
2. A smart contract is a contract written in to the blockchain with certain conditions that can only be triggered by events that are programmed in to the contract. It is locked and can not be altered just like you can not alter a Bitcoin transaction. It does not depend on a third party but rather is a contract that is programmed.
3. We can view smart contracts in the public on chain. There is no middle men controlling a data base, the blocks are public and can be viewed by anyone and none can alter them since they are programmed in to the blockchain.

[ChristopherK]

@filip

What was Web 1.0?

1st version of the internet, was a simplistic compared to today. Web 1.0 mainly had only links, images, and text. Only after the programming language Java Script was added did we have Web 2.0 to the browser.

@filip

What is a smart contract?

A smart contract are small pieces of code that run on the ethereum blockchain. We create are own smart contract on ethereum blockchain using Solidity. Solidity is a self executing programming lang. A smart contract is unstoppable once executed, you will be able to see who is sending and receiving transactions, the smart contract can own and decide what to do with money. An programable asset, and money.

@filip

How is transparency achieved with ethereum code?

Trust in math and technology using blockchain, in this case ethereum blockchain. Everything is open to view, functionality, exactly how the smart contract is programmed to function without stopping it. It does has it is stated in the program.

[Macmillen1]

1. Web 1.0 was the first version of the internet, and was very rudimentary with very little interactive capabilities

2. A smart contract is a conditional set of code that ethereum can have to ensure the set of rules of a transaction. For example, X amount of item must be delivered before payment via ethereum is released

3. Transparency is achieved because the code is visible to both parties and cannot be changed, meaning everyone involved can trust in the system

[PineyRiver65]

1. Statitc websites consisting of text, images and links.

2. Small pieces of code that runs on the Ethereum blockchain.

3. It allows you to see who is sending and receiving money from the smart contract. Its unstoppable, has no middleman, and is transparent.

[aqua142]

1. Basic static internet websites for sharing information consisting of text, links, as well as images.

2. A smart contract as far as i understood would be pieces of code stored on the blockchain, solidity would be the programming language used for the programming/development of these contracts on the Ethereum blockchain.

• due to the decentralization smart contracts would be almost impossible to be shutdown.
  -Smart contracts could also be thought of as programmable money/ assets.
  _ there is complete transparency with smartcontracts due to the fact that it cannot be tampered with nor altered after being deployed on the blockchain, meaning behaviour of a smart contract cannot be changed once deployed.

3. As far as i have understood i believe there is complete transparency with smartcontracts due to the fact that it cannot be tampered with nor altered after being deployed on the blockchain, meaning behaviour of a smart contract cannot be changed once deployed.

[281Cypher]

1. What was Web 1.0?
   This is the first version of the web, where websites only had static script and allowed only very limited interaction with users.
2. What is a smart contract?
   A smart contract is a small piece of code that run on the Ethereum network. This code is effectively a programmable asset. It can hold money or value, and can disburse that value to specific targets according to specified triggers.
3. How is transparency achieved with ethereum code?
   Anyone can read the code of smart contracts, and it cannot be changed. Thus is the need for trust between counterparties to the contract eliminated.

[crypto_dyzl]

1- Web 1.0 consisted on static websites that could contain only text, images and links.

2- A smart contract is a set of rules that automatically executes transactions on the blockchain given specified conditions.

3- Transparency is achieved in the Ethereum code by allowing anybody to view the rules of the smart contract and the transactions that they execute.

[DLG]

1. Web 1.0 was the static version of the Internet, where you could only see text and images, without the possibility of interacting with them.

2. A smart contract is a small program of written code which once deployed cannot be changed or reversed - just like the blockchain. It is also completely transparent.

3. Transparency - the code of the smart contracts is open for everyone to see.

[emiliano_sosa]

1. On Web 1.0 you could only built static websites with text and image.
2. A smart contract is a programmable contract that owns money and depending on the code will decide when, how and to whom the money is spent.
3. With the public ledger technology

[Giorgos]

1. What was Web 1.0?
A read-only website without fancy gimmicks

2. What is a smart contract?
Small piece of code that runs on the blockchain, For example, it can be programmed to hold money until a condition is met

3. How is transparency achieved with ethereum code?
Anyone can read the rules of the smart contract and what it does when rules are met, conditions cannot be changed. It also removes the need of a middleman therefore removing trust making it transparent.

[tonmil]

1. A stagnant view only interface with the internet
2. A contract that can be established by owner independently by programming cause and effect requests
3. All nodes in the network have history and file of the ledger. The whole network is aware of any transactions.